Bangkok Property Trends
Purchasers certainly get more bang for their dollar when buying Bangkok property compared to Hong Kong real estate.
It comes as a fantastic surprise to discover that even though apartment costs in the centre of the Thai capital have doubled in the last five years, they are still cheaper than those in cities like Jakarta, Kuala Lumpur or Ho Chi Minh City, said real estate advisers.
In 2019, most of the major luxury developments quickly reached their quota allocated to immigrants (49%). This is a sign of a changing investment pattern. With this boost in interest from other Asian countries, the requirement for high-end developments has actually never ever been as high.
The amount and variety of tourist attractions, ranging from historic temples and royal palaces with elaborate architecture and art, to museums and parks are beautiful. There are also luxury shopping malls and street markets which continues to increase. Bangkok’s well-known night life is another factor that has actually brought in a lot of travellers from all over the world. Bangkok is also home to some of the world’s biggest luxury hotels, which are a playground of jet setters and fashionistas.
Continued interest from foreign investors and businesses who wish to muscle in on the Bangkok property boom and try to make a successful investment. These factors have all contributed to why the high-end luxury real estate market is soaring in Bangkok and is continuing to trend upwards for the foreseeable future!