Real estate business has been steady in Thailand since 2009. Approximately 28,000 units are transferred yearly and demands for new homes are still growing. However if you’re planning to own a house and a land, there are several things to consider.

Real estate business has been steady in Thailand since 2009. Approximately 28,000 units are transferred yearly and demands for new homes are still growing. However if you’re planning to own a house and a land, there are several things to consider.

Price Range

Location is an important thing to consider in buying a property. Professionals and businessmen would prefer a house 10 minutes away from the city proper. That is convenient but expensive. The closer you are to the business district, the more expensive the houses becomes. Don't worry though. Bangkok is the capital city of Thailand, the center of business, trade and industry but it’s nowhere near the price owning a property in New York or London. You can buy a property in Bangkok for as low as approx ฿4,500,000 (US$ 146,000) with one bedroom. In a suburban area, you can get a European-style home with 2 bedrooms, 1 maid’s room, and equipped with CCTV for the same amount. You can go for something more “luxurious”, of course. A ฿5,000,000 (US$ 160,000) to ฿33,000,000 (US$ 1,070,708.78) for something more elegant with amenities like swimming pools and a garden.

Where to buy?

Click this link to check our posts on legal consideration when buying properties in Thailand. You will find lands and homes within the central business district but there are no neighborhoods. Many of these houses are old. Some may be bought and renovated but it is costly. If you want a gated community where children can bike, you need to move away from the central business district and into the suburbs. When the new expressway, Ram Indra, was completed in the late 90s, gated communities followed. These have amenities such as pools, parks, and clubhouses. Owning a home and land in these communities works the same way as you would in the US and Europe. You still pay monthly dues for the security and maintenance of the neighborhood.