Property prices in Bangkok, Thailand
Bangkok is the capital of Thailand and a huge metropolis with a population of 5,500,000 people. There are no beaches here, so you will not be able to sunbathe on the seashore in Bangkok. But the capital of Thailand offers its residents a wide range of entertainment options: exciting nightlife, clubs, bars, restaurants, and night shopping which is in full swing. Bangkok is also attractive due to its high standard of living. This is due to it being the business and financial center of the country, as well as the largest aviation hub of the country and one of the largest in Southeast Asia. According to the level of development, the capital city of Thailand can safely compete with Singapore and Hong Kong.
Residential real estate in Bangkok from developers and agencies is represented by apartments in condominiums, townhouses and villas. The city center is actively being developed with new residential condominiums that are under construction. It offers future residents a well-developed infrastructure.
Since the capital city of Thailand is a dynamic and developed metropolis, the available real estate for sale in Bangkok is mainly represented by multi-story buildings. Apartments in such buildings are conditionally divided into three classes:
- Luxury class. Luxury real estate in Bangkok with expensive, top-end finishes, and partially furnished;
- Middle class. Apartments in multi-story buildings with high-quality finishes;
- Economy class. Apartments with inexpensive finishes, located in areas with underdeveloped infrastructure.
Bangkok is the most expensive Thai city in terms of real estate. When people buy property in Bangkok, the price for 1 square meter is, on average, USD 10,000. Therefore, you can buy an average-sized apartment for about USD 500,000.
Property for sale in Bangkok
Market analysis shows that, in recent years, it has been foreign investors who are the main clients of real estate agencies in Thailand (from 2017 to 2021). These numbers would probably be even higher if it weren't for certain laws of the country. Thai legislation, for example, allows foreigners to own up to 49% of the total area of the condominium building. The other owners must be Thai citizens.
Bangkok is also well-known for being the first choice for investors who want to buy real estate in Thailand for their own needs. This does not, however, make housing any less attractive for subsequent rental or resale
Investment property in Bangkok
Investing in real estate in Bangkok is a win-win investment situation that represents an opportunity to:
- Save funds from inflation and losses;
- Earn money through rentals;
- Increase your capital through subsequent resale (for real estate in the capital of Thailand, gains can be up to 30% when buying property in Bangkok for expats at the start of the sale process).
By international standards, Bangkok real estate prices 2022 are quite attractive. Relative to the city of Singapore, the price can be approximately four times lower. If we compare it with European megacities, then Bangkok wins too: in the Thai capital, the profitability indicator is 5-8% per year, while European cities only allow apartment owners to earn 4% maximum when buying property in Bangkok for foreigners.
However, there are some features that investors in Bangkok should consider. In most cities of the world, it is best to rent and resell small apartments, however, in the capital of Thailand, apartments from 100 square meters are in great demand. Such apartments are more profitable. For instance, if an apartment in the center of Bangkok, with an area of 120 square meters is rented out, the owner will earn a maximum income of 8% per annum.
We will help you buy real estate in Bangkok
If you decide to buy an apartment in Thailand for yourself or as a property investment in Bangkok, we recommend that you consider buying bargain properties for sale in Bangkok as this is one of the most successful options. We will provide you with all the details about the advantages of making real estate investments in Bangkok, as well as help you choose an area of the city that meets your needs and budget.