Bangkok Land and Sky; a Brief Insight Into Real Estate and House Sales

House 100% ownership?

When it comes to housing and real estate, long term residency in Bangkok is still as an attractive prospect as it ever was. Not only amongst the expatriate business community but also with Thai nationals who have moved to the city during good economic growth. But as it is anywhere else in the world, high economic growth means higher house and real estate prices. To add another parallel to this, the question has and always will be the same for any resident as it would be anywhere; should I rent or should I buy?  I will not go into the pros and cons of each. However, a recent survey has shown that most people would prefer to buy over rent any day. Buying a house or real estate in Bangkok is no piece of cake. Foreigners can only own 49% of a piece of land or house- although condos can be owned outright. These and other legal and bureaucratic obstacles await you when you decide to climb onto the ladder which is why you need to find good authorized property consultants, who can advise you and tell you exactly where you stand, and to find the most suitable property in a simple, secure, and safe method.

Affordable

Are you in search of the exclusive high end real estate currently available, such as modern high rise condominiums which boast stunning views of the city? Or are you interested in some of the modest quainter back street houses lush with idyllic green gardens? Authorized property consultants can give advice and offer an extensive range to suit all your needs. But unless you have plenty of money to buy a place outright, there are questions and issues you should raise before taking the plunge in joining the Bangkok property ladder. Are you planning to remain in Bangkok for the next 3 to 5 years?  Would you be willing to rent out your investment if you weren’t planning to stay long term? How would rent compare to loan repayments and, what would your equity yield look like after say 5 years? Seek advice and do the math…

The city and its districts

The City of Angels a literal translation of the city name has always held its charm. One of its many charms is the elaborate network of canals known as khlongs, which is still used by the river taxis and is one of the nicest ways to get around the city. (Another of Bangkok’s nicknames “Venice of the East”). This is just one of the attractions of living in a city which stretches both sides of the Chao Phraya River to a total area of 1537 square metres. The cities fifty districts are also connected via a rapid transit network of sky trains and subways- not to mention the buses and taxis which are that cheap that it is also an easily affordable method of commuting.  State schools and international schools are to be found in most locations, other amenities including shopping malls and good restaurants are abundant. So whether you look into purchasing your house or real estate along the idyllic waterways or close to the CBD areas, Forbest properties will be able to offer you expert advice.