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Buying a Condo in Thailand - What You Need to Know

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Condos have become very popular throughout Thailand. Basically, a condominium is a specified portion of a real estate property that is owned by an individual. For instance, an apartment house is often referred to as a condo. Usually common-use facilities such as heating systems, elevators, and hallways are used by other tenants of the property, too. Condos offer luxury living at convenient prices. If you can’t afford a villa or a mansion just yet, why not buy a condominium in Thailand?


The Thai Real Estate Market

Thailand is one of the best locations for people who wish to invest money in the real estate market. The country is famous for its beaches and tourist attractions. However, over the past few years, foreign investors have turned their heads towards Thailand as development projects have picked up pace. Popular places where you can buy property in the country include Bangkok, Phuket, the Hua Hin district, Chiangmai, Pattaya, and other areas such as Had Yai, KhonKaen, and Surat Thani. Companies like Sansiri have a reputation in the real estate market for building top quality real estate condos and investing in high-end development projects.


Whether you plan on living in a condominium in Thailand or simply wish to buy and keep it as a foreign investment, it is a great option on both fronts. Since the market is still on the rise, you can just hold the property for a couple of years and then sell at a considerable profit.


Buying a Condo

Companies such as Sansiri sell condos in various districts throughout Thailand. However, you need to be careful when deciding where to buy property in Thailand. Places such as Bangkok, Phuket, and Pattaya are excellent options. Once you start checking listings in different areas, it would be a good idea to contact a real estate agent and ask for assistance. Local real estate agents have a lot of knowledge about the market, and can help you make a better decision. They can give you an idea about the median prices of different properties in Thailand, and will also give you tips on where to buy. As a prudent investor, working with a real estate agent is very important, since you could end up saving a considerable amount of money.


If you are buying property in a developing project, you should always visit a model home in order to get an idea of the place itself. Companies such as Sansiri generally invite potential investors to take a tour of the model home in order to get an idea of the quality of construction and the place itself. This will help you envision how the place will look once it is finished. Many real estate companies also offer financing options for investors, so it is not even necessary for you to make a lump sum payment. Make sure you consider your options carefully before investing in any property in Thailand.


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