Real Estate Bangkok Thailand
With the growth of the internet it is now easy to access information about the real estate available in Bangkok Thailand. You can now find details and see pictures of the real estate for sale prior to making your way over to Thailand if you live in another country.
Real Estate Pricing in Bangkok Thailand
The prices for real estate in Bangkok vary enormously. Along the river, the sky is the limit while at the bottom end of the river you might be able to find a serviceable studio apartment for as low as $18,000. For instance in the city of Sukhumvit, most of the two to three bedroom apartments are available from 440,000 to $125,000 and you can expect to pay more.
The main variables are location, distance from ground level and the age of the apartment block. The factor of ground level distance being the most important factor to consider. The older blocks seldom have common facilities apart from security, parking and maybe the swimming pool. But room sizes are larger and you can get up to 50 percent more living area for your money.
If you are unfamiliar with Bangkok you should buy a copy of the Do’s and Don’ts of Thailand and read it. Always be courteous and smile (even if you don’t have much reason to smile) and never get upset unless you are willing to give up all respect.
Foreigners Buying Real Estate in Bangkok Thailand
At the present, foreigners are not able to buy or own land in Thailand. If you absolutely must have a house in Thailand, there are a few ways you can get around the ban through complicated leasing and plenty of corporate maneuvers but you will definitely need a lawyer.
It is most common for foreigners to buy a condominium as they are able to own up to 40 percent of the apartments in any individual block. To get approval, you must pay the full purchase price with foreign-currency funds brought to Thailand specifically for the purpose of buying property. You should verify that you have sufficient funds in your US bank account before leaving for Thailand. When arriving in Thailand you should then open a baht account at the head office of one of the main Thai banks. When you are ready to move have your US bank wire the funds to your bank in Bangkok immediately.
Real Estate Pricing in Bangkok Thailand
The prices for real estate in Bangkok vary enormously. Along the river, the sky is the limit while at the bottom end of the river you might be able to find a serviceable studio apartment for as low as $18,000. For instance in the city of Sukhumvit, most of the two to three bedroom apartments are available from 440,000 to $125,000 and you can expect to pay more.
The main variables are location, distance from ground level and the age of the apartment block. The factor of ground level distance being the most important factor to consider. The older blocks seldom have common facilities apart from security, parking and maybe the swimming pool. But room sizes are larger and you can get up to 50 percent more living area for your money.
If you are unfamiliar with Bangkok you should buy a copy of the Do’s and Don’ts of Thailand and read it. Always be courteous and smile (even if you don’t have much reason to smile) and never get upset unless you are willing to give up all respect.
Foreigners Buying Real Estate in Bangkok Thailand
At the present, foreigners are not able to buy or own land in Thailand. If you absolutely must have a house in Thailand, there are a few ways you can get around the ban through complicated leasing and plenty of corporate maneuvers but you will definitely need a lawyer.
It is most common for foreigners to buy a condominium as they are able to own up to 40 percent of the apartments in any individual block. To get approval, you must pay the full purchase price with foreign-currency funds brought to Thailand specifically for the purpose of buying property. You should verify that you have sufficient funds in your US bank account before leaving for Thailand. When arriving in Thailand you should then open a baht account at the head office of one of the main Thai banks. When you are ready to move have your US bank wire the funds to your bank in Bangkok immediately.
posted by JP | 3:39 AM
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