The year 2023 is a pivotal year for real estate in Thailand. Due to the health crisis, many properties are on the market at attractive prices for foreign investors. Whether in Bangkok, Pattaya or Phuket, it is possible to make good deals in real estate.
In Pattaya, Phuket, Bangkok, the situation is particularly interesting for investors. Some real estate developers are drained of cash and sell off their assets to recover cash flow. The properties for sale are therefore at prices well below those of the market. Investors can thus make good deals and buy quality real estate at affordable prices.
Property developers are struggling to sell their new projects under construction and are therefore looking to bring in cash as the cost of sharply rising raw materials has led to a significant increase in price, and buyers are currently turning to finished and accepted projects, cheaper ready to be occupied or rented as part of hotel or long-term rental programs.
Faced with this situation, many real estate developers have decided to sell off their apartments for sale to recover cash. As a result, apartment prices have been reduced by 10 to 30% compared to market prices.
This provides an opportunity for both foreign and local buyers looking to invest in real estate in Thailand. Apartments for sale are at attractive prices, thus offering a good return on investment.
In addition, foreigners whose currency has been devalued can sell their property in Thailand even below the original purchase price and still make a profit in their currency. This therefore offers an interesting opportunity for investors.
However, it is important for foreign investors to be well informed about the regulations for buying real estate in Thailand and work with local partners to benefit from their expertise and knowledge of the local real estate market.
In conclusion, the year 2023 is a good year to make good deals in real estate in Thailand.
The criteria of a good investment are met at the beginning of the year, a wider choice in the new as in the old, apartments and villas at very competitive prices, but let’s not forget to respect the fundamentals .. A good location will undoubtedly remain the criterion with the view, which will allow you to consider the rental or residential future with serenity.