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Is it a good idea to buy condo in Thailand?
The reason why most foreign nationals consider buying condos in Thailand, particularly in Bangkok, is because the selling price for a condo for sale in Bangkok, or even a luxury condo in Bangkok and other cities and provinces in Thailand are generally more affordable than in many other countries, especially as there …
Where do the rich people live in Bangkok?
The Most Exclusive and Expensive Areas in Bangkok
- Sukhumvit. Nana. Asoke. Phrom Phong. Thonglor.
- Wireless- Lumpini. Ploenchit. Chidlom. Ratchadamri.
- Silom- Sathorn. Silom. Chong Nonsi.
How much is a nice condo in Bangkok?
Segment
| Type | Price per Square Meter |
|---|---|
| Luxury | 180,000 – 250,000 baht |
| High End | 100,000 – 170,000 baht |
| Mid Market | 70,000 – 100,000 baht |
| City Condo | Lower than 70,000 baht |
How much are condo fees in Thailand?
In terms of new condos, the starting price for a one bedroom, 22 sq meter property is around 1 million Baht (45,000 THB per meter squared)….Cost of a Thai Condo.
| Level | Price per m² |
|---|---|
| Upper-Mid-Range | ฿90,000 – ฿119,999 |
| High End | ฿120,000 – ฿199,999 |
| Luxury | ฿200,000 – ฿299,999 |
| Super Luxury | Above ฿300,000 |
How do I finance a condo in Thailand?
Foreigners can get a property loan in Thailand if they are qualified under the strict conditions of financial institutions. UOB and ICBC are the best options for foreign investors to finance their condominium purchase in Thailand. It does not matter if the investor live in Thailand or not.
How much does it cost to rent a condo in Thailand?
30-40,000 THB Per/ Month It is important to note, that while this is a comfortable rental rate, the best 2-Bed options in terms of location, layout and facilities do tend to get priced above 40,000 THB Per/Month.
How much is average rent in Bangkok?
Housing- Average Rents Apartments that more closely resemble the western comforts start at about 15,000 baht, or 462 dollars per month. If you truly want a luxurious apartment, you should also expect to pay approximately 30,000 baht, or 925 dollars per month.
Can you own a condo unit forever?
You do not hold ownership of any of the common areas nor will you hold any title for the land. Your ownership is limited to your unit, and it lasts in perpetuity.