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Buying property in Bangkok is a surprisingly rewarding option for careful investors who do their homework, since money goes such a long way here and there is plenty of choice. There are houses and condominiums to suit every budget, whether you are looking for ultra-luxurious penthouses or a small studio apartment to be used as an investment by renting it out, just look at https://www.fazwaz.com/thailand/bangkok-property-for-sale.



For foreigners, buying property in Bangkok does encompass the house and condo market, with the majority of the focus being on the latter. Buying land as an investment is limited to those with large sums of capital, given prices in the key development areas are out of the budget of your average investor. Foreigners with the legal means to purchase homes tend to focus on the new housing developments that are mushrooming on the outskirts of the city. There are a very small number of extremely luxurious housing villages in the CBD though, mainly in the Sukhumvit area.

Condos, meanwhile, are an affordable and realistic option for foreigners wishing to buy property in Bangkok. Prices range depending on the area and quality of the development. According to Thai law, a foreigner can own units in a condominium development, however there is a quota. No more than 49 per cent of a buildings units can be owned by a foreigner.



The most popular area for condominiums in Bangkok is Sukhumvit Road, where 70 per cent of the leased apartments are situated. The most popular locations are from Asoke to Phrom Phong, close to the BTS SkyTrain stations. A clear trend is emerging where new well located, well designed buildings are capturing more of the market share and achieving higher per square metre prices than older developments even though the unit sizes are smaller. This is because many of these new developments are designed much more efficiently.
Other areas that are popular for buying property surround Bangkoks largest park, Lumpini, as well as Sathorn, Thonglor and the riverside.

Bangkok property has hundreds of agents, some with good reputations for satisfying foreigners demands. Most of the major players are here, including CBRE, Knight Frank, Jones Lang LaSalle, Savills and Colliers. It is worth being patient and familiarising yourself with the various suburbs and dimensions of the city before buying property in Bangkok. There is also quite a range in value-for-money and new arrivals should first get a more realistic idea of whats on the market before throwing lots of cash around.