Apartments (flats) in Thailand

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Investment apartments in Thailand

Foreign investors choose Thailand for more than just its comfortable climatic conditions; the Apartments in Thailand for investment and permanent residence come at much more affordable prices when compared to properties in Europe. Flats in Thailand are the most accessible option, as houses and villas are not as popular with buyers. Real estate in Thailand for foreigners is not limited geographically. It is possible to buy a home in any of the popular regions of the country: Bangkok, Pattaya, Phuket, and other parts of the Kingdom.

Apartments’ prices in Thailand

Property prices for flats for sale in Thailand depend on:

  • Location. Houses in popular resort areas, especially on the beachfront, have a higher price.
  • The year when the house was commissioned. Apartments in new buildings in Thailand — condominiums and premium complexes, are more expensive than secondary housing.
  • Floorspace, and the number of rooms.

Apartments in Thailand: prices in euros and dollars start from $77,000, or in euros, the minimum price is €62,000. The maximum price is uncapped, and you can find housing units for over $6,000. In 2021, the demand for Thai apartments fell, due to the restrictions caused by the global COVID-19 pandemic. However, the situation is improving since the country has opened its borders again. According to the international consulting agency, CBRE, despite the fact that in 2021, residential complexes were commissioned 72% less than in 2019, and 37% less than in 2020, the demand for real estate is only growing. It is still possible to find a favorable price for an apartment in Thailand at the moment, but as the situation with the coronavirus stabilizes, prices will change.

Apartments for sale in Thailand

According to the law, foreigners can purchase real estate in the country under one of two forms of ownership: leasehold or freehold. The first option means a long-term lease with an extension. The maximum period of ownership of the property can be up to 90 years. When buying houses in Thailand, a plot of land can only be rented. Freehold implies full ownership as well as disposal of the property. This can be done in residential complexes where the share of overseas real estate does not exceed 49%. As a foreigner, you can find apartments in high-rise buildings and low-rise housing for foreigners.

Buy an apartment in Thailand with a residence permit

Buying an apartment in Thailand with a residence permit is possible under the Thailand Elite program. It allows residence in the country for 5 years or more without the restriction of movement. To get a long-term visa, it is enough to purchase housing that is worth more than $300,000.

Citizenship is not granted when buying flats in Thailand.

How to buy an apartment in Thailand for a foreigner

Thailand.Estate contains an extensive database of real estate in Thailand. Foreigners can buy a property in Samui, Krabi, or other areas to make it their permanent place of residence. Specialists are ready to help you invest in an apartment in Thailand or choose the best option for vacation or accommodation. The catalog provides you with the latest prices and forecasts of apartment prices in 2022.