Bangkok real estate
Bangkok, the City of Angels,is very attractive and dynamic, with an exceptional quality of life at a rather lower cost of living in comparison to other asian capitals. An economic, educational and medical hub, Bangkok boasts shopping malls, international schools, state-of-the-art hospitals and well-developed public transport systems, including BTS and MRT. All these features make Bangkok an ideal city in which to live or invest, whether you’re looking to relocate, buy a secondary residence or invest in real estate in Thailand. Bangkok real estate market knowledge and top properties for sale in Bangkok at your fingertips today with Keller Henson.
Bangkok real estate market overview
As the economic and political center of Thailand, Bangkok is structured by a large number of commercial buildings and skyscrapers in the city center, residential condominiums as well as a large number of small houses and large villas in the close suburb. After a dip in activity due to the Covid in 2019, Bangkok real estate market’s attraction has picked up again. The Chinese, in particular, are investing heavily in real estate in Bangkok, taking advantage of the continuous growth in Bangkok international airport arrivals and Bangkok average estate price. Investing in Bangkok’s real estate market is a safe bet, with many properties available for sale:
- Commercial buildings
- High rise Condominiums
- Low rise condominiums
- Luxury and high end condominiums
- Detached houses in gated villages
- Villas for sale in the city center or on the outskirts, with or without swimming pools,
With Keller Henson, you’ll find the property in Bangkok you’re looking for, and our team will guide you all the way from understanding Thai regulations in regards to foreign ownership conditions to buying a property in Bangkok safely and smoothly. For more information, consult our guide to buying property in Thailand.
Bangkok condominiums for sale
Also known as condos in short, and thanks to the Condominium Act, condominium properties possibly offer to foreign investors the opportunity to obtain full outright ownership of a Thai property in freehold terms. One of the essential conditions is that at least 51% of the condominium is Thai-owned. Most of the condominiums in Bangkok feature a common area with a playground, a swimming-pool, a gym and other services for common use. Buying a condominium in Bangkok is a great choice for all your projects. As an independent real estate agent operating in Bangkok, we are in touch with local and international property developers, enabling us to offer a wide choice of condominiums for sale and to accompany you in the purchase process step by step, in Bangkok or anywhere in Thailand.
Purchase a condominium in Bangkok
Once you’ve decided Bangkok is the place, all that’s left to do is find the right condominium for sale : neighborhood, street, budget and other requirements you may have. The search can sometimes prove complicated, despite the extensive choice of condominiums for sale. At Keller Henson, we like to accompany our customers with our in-depth knowledge of Bangkok. Real estate practices in Bangkok and administrative procedures at the Land department, we are able to guide you buying a condominium in the most demanded areas: Sukhumvit, Sathorn, Rama 9, etc.. Bangkok holds no more secrets for us.
Bangkok houses and villas for sale
Buying a house in Bangkok can be a good idea if you’re looking for a primary residence, a second home, or as an investment. Bubbling with activity, Bangkok offers many opportunities if you want to be close to public transport, in a quiet neighborhood or on the outskirts of the city center. Most of the new villas for sale in Bangkok or in the close suburbs are part of gated villages, with security and maintenance services Contact Keller Henson to find out a house or a villa for sale in Bangkok.
Purchase a villa in Bangkok
Buying a villa in cosmopolitan Bangkok would be most likely in leasehold terms since Thai law prohibits foreigners from buying land. The leasehold terms allow for a renewable period of 30 years. If you have a budget and maybe a preferred location in Bangkok in mind, you can browse the different houses and villas for sale listed on our website by district or BTS / MRT stations. It’s also a good idea to get in touch with a real estate specialist like Keller Henson to get a selection of villa project developments based on your budget and personal requirements. We can advise and recommend top villa properties in Bangkok, from negotiating the price and buying conditions of the villa for you, up to the lease registration at the Land department.
Investing in Bangkok
Since the Covid health crisis, Bangkok has seen a resurgence in activity, with visitors continuing to pour in. Thais and foreigners alike are contributing to the economic growth of the city, which accounts for 12% of Thailand’s GDP. These figures justify the estimates of the World Bank, which is betting on a positive trend over the next few years for Bangkok development. Also, in comparison to other asian capitals, Bangkok average market price remains very attractive and calls for substantial capital gains over the years.
Off-plan projects in Bangkok
Off-plan projects are a good way to invest in Bangkok, as they enable you to pay less for a condominium or villa that is not yet complete. In fact, the majority of off-plan properties are sold before construction is completed, which justifies a price cut of up to 25% off the estimated value, giving a great opportunity for an attractive capital gain after a few years. Buying off-plan properties in Bangkok also allows you to benefit from flexible payment terms. At Keller Henson, in Bangkok and everywhere else, we always undergo a diligence work about the developer’s track records to ensure a safe property investment.
As opposed to other purely tourist destinations in Thailand, like Phuket or Pattaya, renting out your unit with Airbnb is not always possible in Bangkok. This is perceived as a burden by residents, hence you might rent out your unit for longer stays, and through other ways than Airbnb, through a condominium juristic person or a third party rental management company.