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Bangkok is one city that has grown by leaps and bounds and it still con­tin­ues to pros­per and grow in var­i­ous indus­try seg­ments. With the high rise and surge in the econ­o­my of Thai­land through its var­i­ous for­eign invest­ment scheme, one par­tic­u­lar cat­e­go­ry which is on an expo­nen­tial growth mode, and con­tin­ues to attract and lure for­eign investors, whether wealthy indi­vid­u­als or cor­po­rates and multi­na­tion­als alike, is the real estate sec­tor. While it is sur­pris­ing that real estate con­tin­ues to be the most lucra­tive and attrac­tive scheme of invest­ment for for­eign nation­als although land-own­ing and pur­chase by for­eign­ers is pro­hib­it­ed in Thai law. So the move­ment and trac­tion the real estate in Bangkok is receiv­ing from for­eign investors is all in the direc­tion of lux­u­ry prop­er­ties and devel­oped pre­mi­um prop­er­ties while land own­er­ship is com­plete­ly retained by Thai nation­als. The mas­sive spurt in inter­est shown in lux­u­ry prop­er­ties by for­eign­ers has more to it than is evi­dent on the sur­face.

The lux­u­ry prop­er­ties usu­al­ly are devel­oped projects such as con­do­mini­um hous­es or lux­u­ry vil­las which are priced not by the preva­lent rate per unit but rather by the nature of ameni­ties avail­able, loca­tion and the pre­mi­um val­ue of the prop­er­ty. How­ev­er such incre­men­tal pric­ing does not serve even as a mild deter­rent for those inter­est­ed and over the peri­od of the last two decades Bangkok real estate has seen a major influx of for­eign mon­ey from wealthy nation­als belong­ing to USA, Chi­na, Hong Kong and Euro­pean coun­tries. Research and fur­ther intro­spec­tion sug­gest that more than a prof­itable invest­ment, these recent devel­op­ments reveal a pat­tern or trend where for­eign­ers believe it uplifts their social stature to own a house in Bangkok. And why not, with such ami­ca­ble locals and the most scenic of locales avail­able for prime lux­u­ry prop­er­ties, any­one is bound to be tempt­ed. With such fero­cious com­pe­ti­tion and like­li­ness among for­eign­ers look­ing to buy prop­er­ty in Bangkok, the lux­u­ry prop­er­ty prices have gone soar­ing to the sky.

Stud­ies and sta­tis­tics reveal that of the 120,000 lux­u­ry units avail­able for occu­pan­cy in 2017 in Bangkok, approx­i­mate­ly 90,000 were occu­pied result­ing in an occu­pan­cy rate close to 80% in Bangkok for lux­u­ry prop­er­ties. How­ev­er, although the major chunk of buy­ers still remains Thai nation­als leav­ing the chunk of for­eign invest­ment to be a minor 20%. The aver­age cost per unit for lux­u­ry con­dos is around 6500 USD where­as there is almost a 20% surge when it comes to super lux­u­ry con­dos such as beach­front prop­er­ties bring the cost per unit close to 10,000 USD. Such prices are phe­nom­e­nal for real estate val­ue any­where in the world and present a stark con­trast when com­pared with gen­er­al res­i­den­tial real estate prices in Bangkok. With prices promis­ing­ly on the surge over the last decade, the trend can be expect­ed going for­ward too and the val­ues of any invest­ed lux­u­ry prop­er­ty can eas­i­ly be expect­ed to be appre­ci­at­ed by at least 10%. The cur­rent pletho­ra of lux­u­ry real estate projects mush­room­ing all over Bangkok are only tes­ti­mo­ny to the same.

Hence it is strong­ly advised for those for­eign nation­als that are inter­est­ed in buy­ing lux­u­ry con­dos in Bangkok or are inter­est­ed in invest­ing in pre­mi­um real estate prop­er­ties in prime loca­tions in Bangkok that you con­sult our team of expert real estate pro­fes­sion­als in order to expe­dite and abet your sit­u­a­tion to your best inter­ests. Our real estate agents at Doc­tor Prop­er­ty bring a vast depth of knowl­edge and expe­ri­ence regard­ing the nit­ty-grit­ty of legal­i­ties regard­ing lux­u­ry real estate prop­er­ty pur­chase and can assist your cause to a favor­able clo­sure with much ease.

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