The property investment tends to go well and have the bright future, especially condo market for new condo developments and used condos. The demand in condo is continuously rising in Bangkok area and other main provinces. Experts say that this comes from the real consumers’ needs rather than housing bubbles. Because of that, institutional investors, individual investors and amateur investors all parade in the market.
Investment location choices, according to AEC, expand to provinces regarded as important regional economic areas to develop residential districts such as Chiang Mai, Udonthani, Khon Kaen and Songkla as well as coastal tourist city like Hua Hin, Pattaya and Phuket. All of them are listed as highly attractive locations for property investors. The residential purposes of big provinces are different from coastal tourist cities. While provincial dwellings will focus more on convenient facilities, comfort of living and colorful urban life, residences in tourist cities will create the holiday feeling and the relaxing atmosphere.
Most of investors decide on resort style residences with modern facilities in some potential locations and then let them to Thais and foreigners for short and long holiday stay. Unsurprisingly, the most popular keywords in Google are “Hua Hin accommodation”, “Rent Hua Hin”, “Resort House”, “House for Rent Phuket” instead of five star luxury hotels because the vacation style of today’s people has been changed. The investors see this aspect as opportunity to develop more single house and condominium in various tourist cities. Compared to land buying, the investment in buying and selling of condo Bangkok , condo rental or just selling a receipt of reservation of a good condo does not need much capital for new investors. Thus, condos in potential locations are widely in great demand now. When the market is growing, the number of investors is also increasing. As a result, the high risk will follow. Simple warning for investors: take careful steps and don’t fall victim to market traps.
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