Buy property in Thailand - Your Choice For A Second Home Post Retirement
In recent years, we have witnessed foreign expatriates migrating to other countries purely for economical and lifestyle reasons.
There are a number of popular cities in the World that has attracted expats from all over the World and Bangkok is one of them. Many foreigners also see it as a profitable option to invest in Thailand Property. Once you read through this content then you will come to know how the Thai property scene in Bangkok will offer you a good choice for your second home post retirement.
The Thai Market Is On A Constant Rise
In the last decade or so, the value of Thai Property has nearly doubled. These prices will further increase in the next coming years due to a surplus in supply and demand. A high-quality apartment or condo that was available for 50000 Baht/ sq meter a decade ago will cost you around 120000 Baht/ sq meter. In no case, these prices are going to see a steep fall. You may see a fall in prices due to the property bubble bursting but much of the value would still be retained as the Thai property market has proven to be quite robust.
A Fast Developing City
The GDP of Thailand is increasing at a very fast rate. The country might be still in the developing stage but it has a growth rate that is better than US, UK and in Europe. Amongst Thai people who have benefited from it, so too are local expats who have made Thailand their home. Along with the economy, the rich is getting richer whilst the poor is getting poorer.
Infrastructure and Facilities
It is true that the infrastructure of Bangkok is not on par with some of the developed nations however the standard is improving. But compared to other South-Eastern Asian cities like Jakarta the comparison isn’t too bad either. Bangkok has a number of metro stations that offers people easy access to the city. It is only rated second to Singapore on the metro system. You will be able to find miles of tracks both underground and in the high areas.
A Shoppers Paradise
Earlier Singapore and Hong Kong were the only two real options that were available for people living in the Asia Pacific region who love shopping. But with the growth in infrastructure, Bangkok is becoming a preferred choice for millions of people.. The best part about Bangkok is that you can get items that are mid-ranged and of very high quality. This is not the case with Hong Kong as items have proved to be expensive in comparison.
Live An Easy And Relaxed Life
When compared with all the other South Eastern Asian cities, Bangkok will offer you one of the most relaxed experiences. Foreigners from a wide range of cultures are welcomed over here that enables them to live happily. The rules and regulations aren’t that strict in comparison to UK or US standards. Due to this, an expat who visits the city for his vacations generally tends to settle down in the city or makes regular return trips to the Kingdom.
After having a look at the above points it is evident that you would want to choose Bangkok as your second home especially if you are looking to make your retirement a peaceful one. Along with this Bangkok gives an awesome opportunity just from the point of view of investment. A number of foreigners have already bought a number of condo and apartments in the city hence proving that the country is well worth investing it.
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