Prices in real estate markets are changing rapidly under the influence of political and economic events in the world. Let us take a closer look at what is on offer in the real estate market in Thailand and the current cost to the buyer (in 2022).
The real estate market in Thailand is diverse, you can find both inexpensive small studios and luxury villas with private pools. Let us consider real estate available for ฿10 million (approximately $290,000).
It is worth noting that buying a luxury property for over ฿10 million earns you the right to receive a Thai elite visa. With this visa, you can reside in the country permanently for 20 years, which simplifies the bureaucratic processes.
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You need to remember that many factors affect the price of real estate:
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Location.
Housing in a good area with developed infrastructure (train lines, shops, restaurants, schools, etc. nearby), and a beautiful view from the window will be more expensive. The center of Bangkok and the developed areas of resort cities are valued most.
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Services.
Houses with a swimming pool, a protected area, a gym, and other services will also cost more.
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Repair.
An apartment or a house with a new stylish renovation will increase in price.
- Layout and size of the property.
- Whether furniture and household appliances are provided or not.
Houses for ฿5 to 10 million are the most sought-after. Townhouses for ฿2 to 3 million are in the highest demand, while condominiums for ฿1 to 2 million are the most popular with buyers.
But there are other options.
Apartments
In Thailand, you can find housing for less than ฿1 million. For between ฿200,000 and 500,000, you can buy an apartment of 20 to 30 m2 in an ordinary multi-story building, unfurnished and without a private garden.
From ฿600,000, you can buy a studio of 35m2 in a multi-story building with its own private area and swimming pool, including maintenance and furniture, but without other services, in Pattaya (for example) or on the outskirts of Bangkok, in Chiang Mai.
An example of a 32 m2 apartment in Pattaya is priced at ฿850,000.
Prices start from ฿950,000 for studios of 40 m2 in new buildings with a full range of services, new repairs, and semi-furnished. For up to ฿1 million, you can find such apartments in Pattaya, Phuket, Chiang Mai, and other small towns, as well as in remote areas of Bangkok.
Studio in Pattaya for ฿1 million, furnished, and close to Jomtien Beach.
Studios with a good location near the metro in Bangkok and within the most developed areas of the country start from ฿1.5-2 million.
Houses
Prices for detached houses and townhouses are upwards of ฿1 million. For ฿10 million, you could buy a luxury mansion with 4 to 5 bedrooms, a garden, and a swimming pool. There are villas in a modern minimalist style with elements of Thai traditional architecture. There are also houses with sea views in Phuket or Koh Samui.
Lovely bright villa with a private pool in Phuket with an area of 174 m2 with 3 bedrooms.
A modern house in Phuket in Bang Tao with 3 bedrooms and a total area of 220 m2.
An example of a 2-bedroom house in Pattaya for ฿2.4 million.
A spacious, bright house of 400 m2 in Pattaya close to Jomtien Beach for ฿9.5 million.
A 3-bedroom house in Pattaya with an area of 180 m2 for ฿5 million.
There are private houses in Bangkok, for example, a 4-bedroom house in Bang Na for ฿10 million, or another beautiful house of 216 m2 with 4 bedrooms for ฿7.5 million in Samut Prakan.
Luxury real estate
There are also properties in Thailand for over ฿10 million. Let us also consider these housing units:
A luxurious 2-story penthouse in Bangkok with an area of 382 m2 will cost ฿100 million.
A luxury 4-bedroom apartment in Pattaya with sea views and an area of 368 m2.
There are unusual projects such as a Thai-style house in Bangkok with 6 rooms, and a total area of 1,800 m2 for ฿89 million.
Or a house in Pattaya with 20 bedrooms and an area of 1,260 m2, with a garden, swimming pool, barbecue, and security system.
Or an amazing house with a swimming pool overlooking the sea on Koh Samui, with an area of 972 m2, 5 bedrooms, a personal gym, and security for ฿99 million.
As you can see, the real estate market in Thailand is diverse, and it is easy to become overwhelmed. Thailand-Real.Estate specialists will be happy to help you choose your ideal home in the land of smiles.
