New builds in Thailand
Location, climate, and economy
Thailand (officially the Kingdom of Thailand) is a country in Southeast Asia, located on the peninsulas of Indochina and Malacca, bordering Laos and Cambodia in the east, Malaysia in the south, and Myanmar in the west. The southern coast of the country is bordered by the Gulf of Thailand, the southwestern - by the Andaman Sea.
The climate is predominantly tropical, monsoon type, characterized by warm, dry winters and high humidity in the summer months. Humid tropical climate prevails in the north of the country, subequatorial - in the central and southern parts, and on the border with Malaysia - equatorial.
Thailand is an agro-industrial country. The local economy is based on fishing and mining. About 70% of the economically active population is employed in agriculture (the country is one of the world's largest producers and exporters of rice). Main industries: mining (tungsten, tin, precious stones, etc.), metalworking, engineering, petrochemical, food, electronics, textiles, paper, and cement. Tourism brings considerable income to Thailand (the main destinations are Bangkok, Pattaya, Phuket and Koh Samui).
Thailand New Construction Market
Real estate from the developers in Thailand is in demand among investors, primarily because of the amazing beauty of the local nature, stable economy, low cost of living, combined with developed infrastructure. New builds in Thailand attract buyers with luxurious apartments with magnificent views of the mountains and the sea. Apartments and villas in Thailand are well suited not only for permanent residence, but also for renting out. This is a liquid housing, characterized by high profitability.
Among the areas most popular among foreigners for buying property are Pattaya and Phuket (the country's most famous and developed resort), which can bring the owners a rental income of 7-12%. Also in demand is real estate from the developers in Thailand in Hua Hin, on Koh Samui and in the capital of Thailand - Bangkok. At the same time, real estate experts note a steady increase in the cost of objects in resort areas, which can reach 5-10% per year. This suggests that buying an apartment from a developer in Thailand allows you to return your investment in a short time.
A large number of facilities are being built, new residential complexes in Thailand are being built using modern technologies in attractive coastal areas, and projects are being commissioned on time. Customer feedback confirms that primary residential property in Thailand complies with building standards:
- repairs are carried out in accordance with current European trends;
- increased attention is paid to the internal improvement of the condominium (landscaping, recreation areas, playgrounds, fitness centers, swimming pools, etc.);
- the sale of apartments from the developers in Thailand is carried out in full decoration (the kitchen is equipped with household appliances, built-in furniture is provided).
Prices for apartments in new builds in Thailand
Prices for apartments in new builds in Thailand compete favorably with similar properties in major European resorts. The pricing policy of the most popular resorts in the country is quite affordable: the cost of apartments in the residential complexes for rent starts from 100-140 thousand USD (for this price, you can buy furnished apartments up to 45 m² in a popular tourist destination with good infrastructure or a hotel room under construction).
Apartments in a new build for sale in Thailand for family living are more expensive, since in many respects the cost depends not only on the comfort class of the real estate object, but also on its area. The cost of a square meter in apartments starts from $2,200.
Villa prices start at $200,000, which is the starting price for a small two-bedroom project in a gated community under construction. The cost per square meter for this type of property starts from $1,500.
Thai real estate in the new builds for sale (types)
Potential investors can choose from the following types of real estate in the new homes:
- residential (apartment in a condominium, townhouse, private house, villa, etc.);
- commercial (offices, retail real estate, hotel business, restaurants, cafes, etc.).
How to buy an apartment from a developer in Thailand: the nuances of investing
Buying property in Thailand provides for certain restrictions related to the fact that foreigners are not allowed to own land in the country. Non-residents can freely buy an apartment in Thailand in a new home. In this regard, the most popular among foreigners are new homes for sale in Thailand. At the same time, buying a villa in the country is also possible by registering real estate for a long-term lease with the right to renew.
We suggest that you seek qualified assistance from specialists to minimize risks and losses. GEOLN experts carry out a high-quality selection of an apartment according to the individual parameters of the client. The purchase and sale of new homes for sale in Thailand is accompanied by professionals who provide the preparation of the necessary documents, the complex execution of transactions.
Purchasing apartments from a developer in Thailand is a profitable investment that guarantees the possibility of obtaining a stable income from renting the properties out, moving to a permanent place of residence in one of the most visited countries by tourists with an excellent climate, a stable economy, a high standard of living and a special tolerance of the local population.
New developments in the cities of Thailand Bangkok
- Chiang Mai
- Koh Samui
- Laem
- Chabang
- Samut
- Prakan
- Pattaya
- Phuket