Reasons to Invest in Thailand


Why buy a property in Thailand

Thailand: a land of opportunities

“ Over the last four decades, Thailand has made remarkable progress in social and economic development, moving from a low- income to an upper-income country in less than a generation. As such, Thailand’s has been a widely cited development success story, with sustained strong growth and impressive poverty reduction.”
Overview of Thailand by The World Bank, April 2020
- As a founding member of the ASEAN, Thailand benefits from an abundance of trading opportunities with other members and China. The country has a strong influence and an active role in the region.
- It is one of the fastest growing economy in Asia with a steady growth of 3-4% year-on-year since 2013 with a US$ 505 billion in GDP in 2018. Despite recording a lower GDP in 2019, Thailand remains a resilient economy thanks to its diversified industries and smart policies.
Over the years, Thailand has also shown an impressive capacity to recover from external and internal crises (natural disasters, political coups...). The country has one of the lowest inflation rate (only 3% in 30 years) and one of the most stable currency in comparison to its Asian neighbours.
- Thailand has risen to the 21st place among 190 countries in the ease of doing business according to the 2020 World Bank ranking. The country’s performance has been judged by its process for doing business, its adoption of digital systems for government services and its improvements in terms of rules and regulations.
- With nearly 40 million tourists a year, Thailand is one of the most visited countries in the world. The country has a lot to offer : varied landscapes, paradise beaches, a delicate gastronomy and a fascinating mix of culture and local traditions.
- Tech and infrastructure revolution: To become the next Asian tech hub, Thailand is encouraging innovation by investing in digital systems and technologies, and supporting the emergence of new businesses. Over the years, it has also heavily invested into its transportation infrastructure (high-speed and dual line train, extension of Bangkok airports) as well as water management infrastructure projects.
- International workforce: Many large corporations and international organizations have chosen Bangkok to set up their regional offices, creating new job opportunities. As a result, the rental market is significantly dominated by a skilled international workforce - an important fact for foreign investors interested in buy-to-let properties.
- Dynamic market: The property market offers many opportunities for foreign investors or expats to own a property on a freehold basis. Bangkok has an affordable sale and resale market which guarantees a stable price appreciation and a better return on investment.
- Favorable tax regime: The tax regime on rental income is low and more advantageous than most western countries (same for the taxes and fees due when selling a property after a few years of ownership). There is no tax on capital gain and it is relatively easy to transfert the money out of Thailand once a property has been sold.
- Better quality of life: Despite a strong economy, Thailand ranks among the best countries to live in as an expat with a relatively affordable living cost while offering a nice quality of life.

Buying a property as a foreigner

  • Own a freehold property:Thailand allows foreign investors and expats to buy a condominimum unit with a full ownership. Currently, 80% of the condos are owned by Thais who are mostly interested in new projects and buying off-plans.
  • Housing addordability:The sale prices in Bangkok are much cheaper than Singapore, Kuala Lumpur and Hong Kong. Prices vary depending on the grade of the codo, when it was built and by which developer and the proximity to public transport.
  • Luxury properties:Real estate developers have mastered the concept and understand how to respond to this high demand by offering modern condos adapted for a modern and urban lifestyle, with a contemporary designer feel and luxurious amenities.
  • Right investment:The city is constantly evolving and expanding, while new trendy areas are emerging, the desirable prime locations remain a safe choice for investments. Well-built and well-maintained condos will preserve a high value through time.
  • Resale marketThe pre-owned market offers many advantages in comparison to off-plan projects: a cheaper price per square meter, a better space optimisation, twice as much space than a new unit for the same budget, more potential after renovations and an opportunity to own a property at a prime location.

Choosing a property in Thailand

  • Luxury homes: The capital city is booming with luxurious properties built with modern features, exclusive facilities at prime locations. Considering investing in a luxury home with can help earning a significant rental income.
  • New homes: Thai developers know how to appeal to a sophisticated clientele with contemporary and high-end projects with impressive facilities, symbol of a desirable lifestyle. This is a good option as a buy-to-let and ready-to-move in investment.
  • Property to Renovate: Great deal can be made by negotiating the cost of purchase and adding a small budget for the renovations. This can be a good opportunity to renovate a house or refresh a property with your own style and design at a low cost.
  • Pet friendly homes:: Only a very few condominiums in the city allow cats and dogs. Acquiring a pet friendly property can be a great opportunity for investors to let the property faster, as there are less properties available on the market with such criteria.

More about investing

Getting on the property ladder in Thailand is a wonderful and exciting opportunity. However some of the administrative or legal aspects can sometimes be an obstacle to a smooth acquisition. We clarify here for you the options at your disposal to purchase your property.
Thailand has made it easy for foreigners to purchase a condominium but there is still a definite process to follow. Make sure you are aware of the necessary steps and requirements will avoid many inconvenience.