Real Estate in Thailand. Market Overview. Part 1.
Many tourists coming to Thailand sooner or later start thinking about purchasing property here. This is especially relevant for those who use Thailand as a winter destination; those who live and work here; or those who want to invest in resort real estate.
Thailand is currently the most popular country in SEA for buying property. First of all, this is of course due to the low cost of real estate with fairly good quality housing. And of course all the other factors, such as: Thailand's nature, a fairly strong economy, low cost of living, year-round sunshine and warm sea - all this attracts not only farangs*, but also Asians from China, Korea, Hong Kong, Japan, Singapore and Malaysia.
But not all of Asia has such prices. Real estate prices in Hong Kong, Japan, Singapore or Korea are higher than not only their neighbors from SEA, but also many European countries. In Myanmar, Laos and Cambodia, the standard of living and safety are very far from European standards, but real estate prices are close to Thailand.
Bali is wonderful in terms of housing offers, however land plots there can only be rented.
*Farangs - all foreigners (from English "foreigner"), except Asians who do not fall under this definition.
