May 19, 2024

Jocuri

Mad about real estate

Bangkok Homes for Sale – an Investment Opportunity You Don’t Want to Miss

Bangkok is a fast developing city with many tourists and many individuals interested in buying a home in an exotic, mesmerizing city. The demand for homes is high, and continues to increase. The reasons are that Bangkok offers a rich cultural life, a wonderful architectural landscape and, together with this, it is also a developing economical center with many business opportunities. It is the perfect combination, obvious for anyone looking for Bangkok homes for sale or Bangkok condos for sale.

The great number of housing units is influenced by the high demand on the real estate market. The city develops vertically providing clients with apartments and condos that have breathtaking views and offer comfort and at the same time. Bangkok homes for sale represent a good investment and that’s why there are numerous real estate companies which focus on their sale.

For investing beginners, Bangkok is truly an opportunity. Bangkok condos for sale can be a real bargain as there are about 16,348 units planned for building or under development. This year, a great number of building projects should be completed and with their completion, the real estate market will have a lot of offers to make its clients. Bangkok condos for sale have only one problem: they are rather expensive. Nevertheless, competitor real estate companies do their best to attract potential buyers and this is all in the advantage of the clients who can get really good deals out of this situation. Many developers are ready to run attractive promotional campaigns like free furniture, price discounts and special features, so it all works out for the clients interested in Bangkok homes for sale.

An interesting tendency was observed in Bangkok over the last years. The price for condos started to fall despite the high demand. The average price of Bangkok condos for sale was around 7.65 million baht in 2005 and in 2006 this figure was 5.5 million baht. In most of the cases, the price decreased due to the reduction of the condos’ surface. The developers were worried about the condos’ high mortgage rates and about the high prices for the services and, as a result, they reduced the surface of the properties. Therefore the condos’ prices also went down. Some reports show that this move was a part of the global tendency which implies “more compact, efficiently designed layouts”, and which was needed in Bangkok as well. For the real estate market this now means offering housing units for a better and more affordable price.

The most developed building area in Bangkok remains in Sukhumvit. Due to its leisure offers and vicinity to public transport routes, this part of Bangkok is mostly appreciated by experienced foreign investors. The properties in Sukhumvit represent about 49{ef6a2958fe8e96bc49a2b3c1c7204a1bbdb5dac70ce68e07dc54113a68252ca4} of all new housing units. After Sukhumvit come the central business districts of Lumpini and Silom/Sathorn, which represent together 20{ef6a2958fe8e96bc49a2b3c1c7204a1bbdb5dac70ce68e07dc54113a68252ca4} of the new housing units. On the other hand, Sukhumvit was as well the area with the highest number of inhabitable condos currently empty, around 35{ef6a2958fe8e96bc49a2b3c1c7204a1bbdb5dac70ce68e07dc54113a68252ca4} which mean around 13.34 billion bath’s worth.

2007 was a very good year for buying glamorous city views in Bangkok. The city’s real estate market offered Bangkok homes for sale and Bangkok condos for sale at good prices, in good locations and with appealing comfort and facilities. Bangkok is more affordable than many Asian capitals like Singapore, Hong Kong and Kuala Lumpur and its continuous development, together with its unique culture and sceneries make it a desirable real estate target. In fact, many analysts say that as long as the political situation will be stabile in Thailand and in the region, Bangkok will remain a very important city for real estate investments.