The city of Bangkok (The capital of Thailand) lies in the heart of the country. It serves not only as Thailand’s capital it is also Thailand’s largest city. Bangkok is a hit among foreigners for its booming tourism industry. There is an array of famous and interesting destinations for example Chitralada, Royal Grand Palace, Erawan Shrine, Wat Pho, the Reclining Buddha, the Bangkok National Museum, the Bangkok University Art Gallery and many more. In Thailand Bangkok is indeed the place to be.

Bangkok condo rental

For those planning to stay for quite a while, Bangkok condominiums (or condos) are readily available. In addition the Condos for sale and for rent can be a good investment for the university student, the young professional, the bachelor, or event the foreigner who’s planning a long term visit.

Living in a condo in Bangkok

Living in a condominium in Bangkok has its benefits. For one, it is relatively affordable, upkeep is generally cheap and, safety is also somewhat guaranteed by the building security team prevalent in most condo projects.

Condo communities

A condo owner can become part of an exclusive community of fellow owner with most condo developments having spas, gyms, saunas, swimming pools and last but not least a library.

Condo investments

A lot of foreigners invest in condo units because it is the only form of asset a foreigner can claim legal possession of. Buying or renting a condo unit in Bangkok is also assisted as there are a myriad of resources in the form of real estate consultants and property agents there to assist in making the process less tiresome. Nowadays, buying or leasing a condo unit has become really expedient.

Condo listings

If you are particularly interested in condo living in Bangkok but you’re still in another country, you can easily check the listings over the internet. The listings of rental properties in Bangkok are usually and mostly located in the most pleasing districts for residential areas. So you can be assured that even if you don’t get to accomplish a viewing at least you know, the condo unit is situated favorably.

International property consultants, CB Richard Ellis advise that
purchasing a condominium could be one of the safest investments buys in the Thai market right now for foreigners in light of political and
economic uncertainties falling interest rates, the downturn of the stock market, and the falling yields of government bonds.

Foreign purchasers wanting to own condominiums in Thailand are permitted to buy freehold condominium units, but the building must not exceed 49% of the foreign ownership ratio of the condominium and the purchase must be in cash.

According to the latest survey conducted by CBRE. The total stock of existing condominiums in Bangkok is 48,128 units as of the first quarter of 2007, an increase of 9.53% or 4188 units. In terms of area, 21.4% are in the Central Business District area. (Silom, Sathorn and Suan Plu
Roads), 4.4% in Central Lumpini, (Wireless, Ploenchit, Langsuan and Rajdami Roads), 34.6% in Sukumvit (Sukumvit Soi 1-63 and Sukumvit Soi 2-44), 8.2% in Pathumwan (Phaayathai and Phaholyothin Roads) and 29.6% in Riverside. (Rama lll, Charoen Krung and Charoen Nakon
Roads).

The luxury and high-end of the market is a good investment option say CBRE, as there will be limited supply in the future. In 2005 there were
1788 newly launched units positioned at the luxury and high end of the market. While there were 1097 newly launched units in 2006, representing a significant increase of 38.6%. It is expected in 2007 that there will be a similar number of new luxury and high-end condominium launches as there were in 2006.

“Luxury and high-end condominium units in downtown Bangkok, have been attracting a huge amount of interest from long-term investors. Even though the market has slowed down as a result of the political and economic situation,” said Aliwassa Pathnadabutr, managing director of CBRE Thailand.

“However, over the past few years’ long-term investors, who made profits from reselling or earning rental income from their units, have remained keen to purchase condominium properties in Bangkok because of their understanding and confidence in the market. Based on their experience, they are satisfied with investment returns in the form of capital appreciation and rental yields of 5-7%, which is higher than the current deposit account interest rate of 3.5%.”

The picture is not all rosy. Investors in the luxury and high-end markets are not only concerned about their finances, but lack confidence in the market because of negative factors in the political scene, the economy, and in society.

The middle end of the market is dominated by Thai buyers and investors. This was proved by the success of many projects such as Villa Ratchewi by TCC Capital Land, and Life Rachada-LadPrao by Asian Property Development. However Aliwassa says that the large number of new launches in the middle to low end of the market may lead to an oversupply at some stage. In 2005 there were 2688. newly launched units positioned at the middle to the lower end of the market and located in downtown Bangkok. While there were 7630 newly launched units in the downtown area of Bangkok in 2006 representing a soar of 184%. In the first quarter of 2007 alone, 1367 new units were announced.

So with the middle end of the market running the risk of oversupply. The luxury segment appears to be investor’s best bet.CB Richard Ellis, forecasts that there will be a limited supply of luxury and high-end condominium units. Whilst demand for residential condominiums for long-term investment will continue to be strong, particularly among those projects located in the CBD or along mass transit routes.

Prices will rise further especially for those units that meet the standards required by the luxury and high-end markets, and are of investment grade. With sustained yields of 5- 7% and improved historical capital gains acquired condominium units in prime positions are proving to be an attractive long-term investment choice for both Thai and foreign investors in the current economic conditions said Aliwassa.

Rate wise, Bangkok serviced apartments are quite reasonable when compared to hotels. So you tend to save more by staying in these apartments. It is not the rate that attracts visitors to Bangkok serviced apartments; it is the homey atmosphere it offers that brings patrons to the apartment. The best place to look for information about the different Bangkok serviced apartments is the internet where there are lists of different apartments available for hire. These sites offer instant credit card booking facilities and usually quote prices for the Bangkok serviced apartment in both American dollar and Thai currency.

However first time users had better use the help of a travel agency, with experience in Bangkok serviced apartment, to find out what they have to offer for your stay in Bangkok. Before choosing your accommodation, you have to look for references and reviews about both the travel agent and the location you select. With this information, you will be able to decide just how feasible the Bangkok services apartment is for you to.

Bangkok serviced apartments are usually let on leases of a month to a year or longer, where one months’ rent is to be paid as deposit and two months rent as security that will be returned on the termination of the lease period. Shorter stays are considered more of a hotel stay than an apartment stay. As usual, before signing on the contract for the Bangkok serviced apartment, make sure you read the information thoroughly, and clarify all clauses and terms you don’t understand.

There are some benefits to buying Bangkok condos where the main benefit is that it can draw a monthly paycheck for you. This benefit is not only provided with your investment in Bangkok condos, but also for investments made in Bangkok apartments. Not only can you buy Bangkok condos and Bangkok apartments as an investment, you can also buy it for you to live in.

Whatever the reason may be for your buying Bangkok condos and Bangkok apartments, it is very important that you do sufficient research on it. It would be better if you enlisted the help of a lawyer for guidance on making your investment. With the help of the lawyer, you will be able to follow all legality issues related to making an investment in Bangkok. Even if you are interested in building your own Bangkok condos complex, with the help of a lawyer, you will be able to find the best developer for the project. You can also find out more about a developer with the help of the lawyer to ensure that you get maximum satisfaction and profit with your Bangkok condos.

In addition to Bangkok condos and Bangkok apartments, the commercial expansion in Bangkok over the past few years has led to an increased popularity in Bangkok serviced apartments. These Bangkok services apartments are more popular amongst frequent travelers, business executives in Bangkok for a short stay, families making a trip to Bangkok and for those looking for a base before shifting to Bangkok for good. Some of the Bangkok serviced apartments offer services similar to those available in top class hotels while others offer the comforts you expect from your home. You may find a fully equipped kitchen, individual lounge and dining room areas and other conveniences to create a home away from home experience when in Bangkok.

In search of Bangkok development property, The number of foreign investors has dramatically increased over the past few years. The explanation of this unprecedented wave of investors is quite simple – the city of Bangkok has solid growth potential, providing a practically unlimited number of business opportunities. Furthermore, the country has excellent infrastructure and strong business ties with China. Investors are also drawn to the reasonably priced properties in Bangkok and the good rental potential. One of the main goals of Forbest Properties is helping investors acquire the best Bangkok investment property.

Unlike most western countries, Thailand doesn’t have inheritance or gift taxes. Furthermore, the capital gains tax is charged as the income tax, at the standard rates. Rental policies are also advantageous, as the yields are maintained around the 8% mark in Bangkok. Foreigners can also own freehold condominium if the purchase is done in cash and the building does not exceed 49% of the foreign ownership ratio. Forbest Properties has been in the real estate business for over 17 years – it is the most indicated real estate brokerage firm to aid investors in locating Bangkok investment property.

Investments in foreign real estate must be done with great diligence and the support of an experience real estate broker and consultant. Forbest Properties, the leading real estate broker and consultant in Bangkok, is the most experienced firm in Thailand. With over 17 years of experience in the Thai real estate market, the company has extensive knowledge on every aspect of the market. Forbest Properties is dedicated to assisting foreign and local investors in any real estate transaction. The company supports investments in Bangkok, assisting investors in purchasing prime Bangkok development property.

Potential investors who are looking for Asian property with high development potential will probably choose Bangkok. The Thai metropolis is predicted to become one of the most economically evolved cities in Asia in the next 5 to 10 years. Bangkok investment property in the Central Business Area is currently the main attraction for foreign investors. Forbest Properties is the real estate broker and consultant with the most experience in the Bangkok market.

You may also aspire to attain a Thai Visa, a work permit, and facilitate accounting, or other business services such as business licenses for restaurant, alcohol etc. The services of these specialists are highly competitively priced and provided in an effective and timely manner and can be ordered through their web site and paid for by credit card or by cheque or cash at their office. Real estate in Thailand is cushioned by a professional network of agents, although you will find a limited number of the sophisticated developers that typify the property market in Phuket or Samui. They are quite interested in targeting foreigners and are experienced with both condo and house sales, offering Thailand property that ranges from single 45m2 studio condos in renowned ‘farang friendly’ buildings for under a million baht to superb value-for-money mansions on a rai or more for 10 million.

If you are looking for brokerage in Thailand, you must investigate enough before settling on a broker. Having good work ethics within the real estate broker group will ultimately be an advantage. All brokers in Bangkok handle the whole of Bangkok, not a particular area, so these brokers are all treading on each other’s feet. However, with such a vast area to cover, there are undoubtedly, thousands of properties for sale or rent. The brokers here have co-brokered successfully with a small number of their competing estate agents, so they can confidently ask for their help if they do not have the particular property that their customer is looking for.

The new real estate properties in Bangkok are ideal for upper-middle income group. Pattaya is a city that is witnessing a boom in tourism in the recent years. So the demand of property in this region will rise with time. The Thai Property seekers can consider this city too. Buying a property in Thailand is, unlike most other things, very easy. The actual transfer of title deed consumes just a few hours. The title deed itself will reveal if there is any mortgage or other loan on the property, as details of these must be written into the deed. Hence, it is not tedious to check the owner’s right to sell. Most people do not even access the services of a solicitor, even though it does not cost much in Thailand, and so you might as well so that your mind will not disturb you. In fact, you could visit a condo that you like on Monday morning, and own it once the business is completed, the same day. Therefore, Thailand could be an ideal choice if you are looking to own real estate property in Asia.

In addition, the specific business tax has been reduced from 3% to 0,01% for the same period of time. However, it is not only due to tax cuts that branded hotels and resort properties are becoming hot items in Thailand’s property sector. Across all of Asia, five star hotel brands are working in conjunction with developers and owners to boost the availability of luxury accommodation. It is attributed to the confidence that branded resorts inspire in investors. Projects are generally meticulously and expertly planned, by people with experience in similar successful projects overseas. Hotels and resorts with a strong track record are finding that property investment in Thailand, and in Asia generally, can yield especially high returns. In Singapore recently, a brand name condo development sold for $4,000 per square meter, as opposed to the $2,500 that such a development without a brand name usually fetches.

In a property environment where many more projects are announced than completed, brand name resorts make investors feel more secure. It offers them some measure of assurance that a project will not only be built, it will be finished to a certain standard and will come with some ready-made customers, as global visitors look for resorts and hotels where they know what to expect. Thailand is a perfect travel destination, no matter what type of holiday you’re after and no matter what your budget. Tourism in Thailand is set to increase by 20% per year, owing to the prevalence of extremely cheap stop over flights, as compared to the relatively expensive direct flights. Thailand’s unique geographical position gives it an advantage for the tourism sector. Its extensive natural attractions, along with the relative inexpense of local facilities ensure that resorts, five star hotels and luxury accommodation will always find customers.

Investors from all over the world take advantage of the magical attraction Bangkok has and help this city grow each day more and more. The real estate market flourishes and numerous Bangkok properties are made available, tempting anyone who wants to buy a property in Bangkok, or simply to rent one, with diversity and comfort. Bangkok properties include the most magnificent and breathtaking residences, which can impress and convince anyone to buy on the spot. Thailand’s capital represents that ideal place where the real estate market offers a great variety of designs in combination with acceptable prices, so if you want to buy a home in this city, it is impossible not to find one according to your wishes.

The most advantageous of investments are considered high-rise condominiums which offer an extraordinary view over the city and over its exclusive modern landscape. With its beautiful riversides, historical legacy and modern culture Bangkok mesmerizes anyone. Rich in options, there’s always some residence that will charm you and make you want to buy a property in Bangkok. So, to judge the city from the first glance is not recommended as there are certainly more Bangkok properties to see than you think. The view of the picturesque alley houses with abundant, grassy gardens represents a dream come true for families who want a quite life, but one may also choose something else than a tranquil shelter far from the boiling Bangkok life. Everyone can find a home in this city if they decide to buy a property in Bangkok.

Starting with houses, townhouses, housing estates, serviced apartments and condominiums, Bangkok can turn out to be a delightful home suitable to your individual preferences. Because of the diversity of Bangkok properties, it is possible to find what you want for quite a reasonable price. When you want to invest your money in your own home you should get the best, but this might be difficult if you try to find the best on your own. You will probably find yourself struggling to make a compromise between the price and comfort.

The most puzzling decision when choosing a home is the location. If your budget does not allow you to purchase an accommodation in the central part of the city, you will have two choices. You can choose something basic, which does not offer so many facilities or has a less appealing design, or you can turn your views to some other parts of Bangkok, which can offer you better conditions and views for the same price. Depending on your expectations and needs and with the aid of professional consultants, Bangkok can provide anyone who wants to buy a property in Bangkok, with a remarkable, appealing home.

When comes to property market, Thailand has a number of properties, ranging from very cheap to very expensive, based on the nature of the location. No matter it is commercial property, industrial property, or residential property, the country has excellent options. Commercial property in Thailand includes executive home office coupled with reception and waiting rooms, cubicles, and board rooms; office spaces with huge reception areas; and shophouses, which are ideal for retail, spa, and beauty salon establishments. Likewise, excellent property is available in the beach areas of Central Thailand, Eastern Thailand, and Western Thailand for conducting such businesses as small bar, restaurants, and resorts. In the case of residential property, choices are truly endless. Few among the residential property choices are apartments, serviced apartments, houses, townhouses, villas, condominiums, and flats.

Fully furnished condominium units, Mediterranean style villas, and apartments are among the most favored residential choices among expatriates seeking luxury and excellent facilities. Townhouses, mostly located on the outskirts of the city, are a great choice for people looking for inexpensive options. Likewise, serviced apartments are preferred by business travelers, and are regarded as an excellent alternative over high-end hotels and resorts. In order to cater to the varying needs of both local and foreign investors, a myriad of real estate firms and property agents are in Thailand to help find a property that goes according to the requirements and budget of investors. A good number of international property consultant firms also operate here in order to assist investors in facilitating effective as well as successful investment in international properties.

No matter you are looking for a property for investment in Thailand or property located in some other countries, an international property consultant firm can guide as well as assist as per your specific needs. Usually, these types of firms undertake a range of services in connection with real estate, such as, property search, research and consultancy, providing services with regard to sales as well as leasing, residential project marketing, overseas marketing, market positioning advice, valuation and advisory, lease management, property management, and after sales services covering leasing services and rental remittances.

One of the prime benefits of leaning on the services of international property agents is that they can easily find you your dream property and that too in your desired location. A specialty of international property firms is that they usually consist of a network of offices and partners in several countries. This in turn enables firms to make you well-informed regarding the property market not only in Thailand but also in other countries. They can also provide you with valuable advice, economic information, and market analysis reports, all of which help you to take effective investment decisions.