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The Bangkok residential property sale market is still recovering from the pandemic. Prices remain below pre-pandemic levels, but there has been a recent increase compared to the previous quarter, indicating potential for capital appreciation in the medium to long term. Landed properties (single-detached houses and townhouses) are performing better than condos.
The demand for residential property in Bangkok experienced a recent drop, but it’s worth noting that it’s 7% higher than pre-pandemic levels. This suggests that there is potential for growth in the future as the market stabilises.
Landed properties are performing better than condos, so it may be best to focus on purchasing single-detached houses or townhouses as these appear to be more resilient and have stronger demand compared to condos.
Location-wise, purchasing properties in Bangkok’s fringe and outskirt areas with mass transit access may present promising investment opportunities. These areas have witnessed rising property prices, indicating that these properties are becoming increasingly desirable and valuable.
Can Foreigners Buy Property in Phuket? Yes. Foreigners can legally buy property in Phuket. You can own units in a registered Condominium (Foreign Freehold or Leasehold), and you can buy a House, Villa or Apartment (Leasehold). Under Thai law foreign nationals are not allowed to own land in Phuket.
In-Depth Market Knowledge
Having comprehensive knowledge of the local real estate market, including trends, property values, and neighborhood details, is crucial for providing accurate advice and identifying the best opportunities for clients.
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Implementing a mix of traditional and digital marketing strategies, along with maintaining a strong network, helps reach a broader audience and close deals efficiently. This includes leveraging social media, real estate platforms, and professional connections.
With regards to buying property in Phuket, Foreign Freehold ownership applies only to the purchase of Condominium unit(s) and means that as a foreigner you own the unit outright. See more Phuket apartments for sale.
Leasehold ownership applies to any non foreign freehold units in a condominium, or any apartment, house or villa – you by the property on a lease basis which is 30 years.
The rules for buying property in Phuket are the same for the rest of Thailand. Where can foreigners buy property? You can see more detailed info on all aspects of Buying Property In Thailand in our in-depth guide.