What are the advantages of investing in Thailand market
Real estate remains a reliable asset for investment, and an excellent option are objects in countries with developed tourism industry. Among the many countries experts point out the significant advantages of investing in the Thai market.
The local segment is actively developing, developers with international names create new objects. An example is an elite residential complex in Hua Hin, which is being built by the company InterContinental. The facility is located in the center, on the coast, and boasts premium class apartments, developed infrastructure, and a convenient location. These features make the complex in demand among clients, and provide high returns on investment.
Thailand is visited by a huge number of tourists from different parts of the world. Some come to this picturesque place to survive the winter, others see the country as a place to do business, and others, having fallen in love with the local exoticism, buy a home here and move. According to the World Bank, Thailand is among the top 5 best countries for investment, it also has a leading position in terms of return on real estate, and this is not surprising. The fact is that the holiday season on the island lasts all year round, and the tax collection for objects is minimal – about 0.02% per year. In addition, the local currency is stable, which is also an advantage for the market.
The procedure of purchasing real estate has been simplified for investors, and there are no restrictions or special conditions for foreign citizens. Buying apartments by foreigners is possible in 100% ownership, and you can dispose of them as you want – to live, rent or sell.
Thailand market is actively developing, new projects regularly appear here, and despite the offer, the cost of objects regularly increases. For example, in 2019, the price of housing in the country increased by 4.8%, and in 2020 – by 5.6%.
It is profitable to invest in projects at the stage of construction, as to the stage of commissioning, they can rise in price by almost 30%. However, there are also risks – the developer’s funds may be used only for construction works for the period of the object realization. This leads to the problem of deceived shareholders.
A promising place for Thailand is the city of Hua Hin, which is located on the coast of the Gulf of Thailand. It is 220 km from the capital and has the status of a royal resort. Vacation in Hua Hin is loved by local celebrities and rich people.
The city infrastructure is designed for maximum comfort. There are quality tennis courts and golf courses, entertainment facilities, luxury restaurants and vineyards. Hua Hin also boasts a mild climate and low humidity.
