Bangkok is one of the most visited cities in the world, a unique East-West multicultural melting pot, and one of the business engines of Asia and the world at large. It’s a popular place to be, which is a fact reflected in just how competitive the Bangkok condo market is.
Thankfully, with these tips, you can come out on top and buy a condo in Bangkok the right way.
- Location, Location, Location
The first rule of real estate is that it’s all about location, especially in a city with as many hot spots as Bangkok. The best condo sellers in Bangkok over fantastic accommodations in some of Bangkok’s best neighborhoods, including:
- Sri Ayutthaya
- Ownership Options
For those looking to buy a condo in the Bangkok area, there are two basic options. Under freeholding, you can own the condo outright. This covers the majority of condos in Bangkok. Foreign residents can own as much as 49% of a condo’s property in this fashion.
By contrast, leaseholding offers a lease that can be renewed for years or even decades. This is a popular option for those potentially excluded from freeholding due to foreign ownership quotas.
- Potential Fees
When looking to rent or buy condos in the Bangkok area, you’ll want to be aware of some potential fees that can be part of the process.
These can include 2% fees on transfers, sinking funds for renovations and other projects, taxes, and potential legal fees.
You’ll also need to keep in mind extra costs such as utilities.
- Affordable Rates
All of that can add up fast, which is why the best condos and sellers in the Bangkok area strive to offer their properties at affordable rates. Moreover, they will work with you to find the best rate in the neighborhood of your choice.
- Experience on Your Side
When it comes to something as important as finding a new condo here, you want to know that you have the backing of Bangkok condo experts whom you can trust. That’s why the best property sellers in the Bangkok area are proud to be able to boast decades of dedicated experience and a great track record to match. With their insight, you’re sure to find a condo you’ll love for less.
Bangkok is a lovely city to visit or live in, and with the best Bangkok condo experts on your side, you’ll be able to make the most of your time here in an immaculate place at an affordable price.