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Like many developing countries, Thailand is still on its process of development that awaits to be raced with other fast-pacing developed countries around the globe. With its current situation, many investors see this as a potential opportunity to add new investments and furtherly establish their current ventures. One of these prospects is developing various real estates like Thailandflat especially for the foreigners who wishes to have their own property in this Land of 10,000 Smiles.
If you are an investor who also sees these potentials, this article can help you ponder about the possibility of investing real estate in Thailand.
ADVANTAGES:
Generally, Thailand has been able to establish its vesting GDP growth since 1997. Despite of this economic stability, you should not just consider this fact for taking the risk of real estate investment. Aside from it, you should know what the Thai market can offer in order to maintain the stability of your would-be investment. Here are some considerations:
- Resistance
Despite of the unfortunate events that affect so much of its economical aspect, what is amazing in Thailand is that it has this great capacity to bounce itself back. For the past years, this country experienced lots of downfalls to its economy, and its resilience to stand up after every fall is one of the greatest strengths of this nation.
- Continuous Growth
Aside from its ability to rise itself up, Thailand’s real estate has been one of the world wide’s most steadfastly growing market. Since 2008, the prices of its condominium already reached its between five and twelve percentage annual growth, and still counting. Furthermore, other deluxe properties have a visible continued growth over the years. These growths provide additional attraction especially to the foreign investors.
- Growth in Infrastructure and Investment Potentials
Part of Thailand’s setbacks is its infrastructure problems in the past. But since 2016, this country enables itself to rise again and strives harder to become one of the best nation in terms of its infrastructure. In fact, Bangkok is looking forward to be the central hub for a rail system that connects all of the nations in Southeast Asia. Moreover, efforts are also doing to extend its mass transportation as well, with its new motorways and localized railway systems. These can provide a better opportunity for this country to be more reachable by anyone, especially for investors.
DISADVANTAGES:
Thailand’s continued promise of real estate growth and expansion can be a risky for a potential investor. Despite of its overwhelming developments, there can be problems that can occur for this, making this aspect of Thailand also a curse to its future stakeholders. Here are some of those:
- Restrictions for Foreigners
Thailand may seem to be a country with less restricted policies. But with regards on owning properties, Thailand has its own policies for foreign stakeholders. One of them is the inability of a foreigner to have its own land property that easy. Maintaining its priority for its locals for having these investments can be another challenge for those who wish to put up their investments in this country.
- Abrupt Competition
The growing market of real estates like purchasing condominiums for rentals can be a steep competition especially for foreign investors. A foreign investor can have a hard time and strategy opposing especially local condo owners in attracting local business.
