Thailand is an Eldorado for investors in the region and all over the world. Even if the real estate laws might seem restrictive and complicated at times, there is still plenty of money to be made in the country as an expat. The trick, however, is to find the places that offer the best ROI instead of following the herd. Here are some of the best locations in Thailand if you want to get a maximum return on investment from real estate.
Bangkok is one of the country’s most modern cities and attracts tourists and expats from all over the world. And it was recently crowned the number one tourist destination in the entire world in 2017. But while the city has a strong reputation as a tourist hub, it is fast becoming a place people relocate to.
What makes Bangkok such a great place to live in is the great healthcare system, the growing infrastructure, low cost of living, and great schools.
If you’re looking for the best places to buy real estate, you should look for anything close to a BTS station like Nana and Asoke. But if you’re looking for hidden gems, you can still find affordable condos in places like Ekkamai or Phra Khanong.
You can’t really talk about Thailand real estate without talking about Phuket. Phuket is located in the Southern region and is a major tourist destination in the country. The area is also very diverse and goes far beyond the crazy nightlife it is known for.
Phuket is especially great if you’re looking for luxury real estate. Kata and Karon are perfect if you’re trying to attract high-end tenants. You’ll find great real estate Karon Phuket right next to some of the best beaches in the country. This is a great long-term investment for those who want to make extra income during the high season.
Chiang Mai is also fast becoming a very popular destination for expats who want to mix work and pleasure. The city is very modern and connected with great infrastructure. The city also caters to the digital nomad lifestyle and has tons of quaint little cafes and co-working spaces. The government has invested a lot to turn Chiang Mai into a smart city, and it’s paying dividends. It’s also much less crowded than other cities in Thailand and offers a great quality of life.
If you’re looking for good, fairly affordable real estate in the area, you should look for anything near Nimmanhaemin road. The area is full of expats and tourists and has all the amenities. Riverside is also a good spot, but it is a bit more expensive since it’s viewed more as a prime destination.
One of the islands in the Gulf of Thailand, Koh Samui is a popular destination for both expats and tourists. It offers a laid back way of life, but residents also have access to everything they need including supermarkets, bars, restaurants, and an international airport. With a low cost of living compared to some of the other islands in the country, it’s an ideal place to live.
With all of the above said, Koh Samui is also the best place to buy luxury real estate. It’s not hard to find luxury family villas for sale on the island, often tucked away from the main strips. With a full perimeter and 24/7 security, residents can bask in the knowledge that they won’t be disturbed while they take a peaceful dip in their pool or read a book on their veranda. Although property in Samui is more expensive than the other locations on this list, it still offers a good ROI. And as more investment is made into the island and the Koh Samui airport, prices are sure to increase further. It’s ideal for those with medium to high budgets.
Buying real estate in Thailand is as close to a sure bet as it gets if you know where to look. Make sure that you take the time to evaluate the market, and make sure that you keep your options as wide as possible.