An increasing number of people who live in Pakistan are investing in residential property in Bangkok, Thailand, one of the most popular tourist destinations in Southeast Asia. This is because property value there increases by eight to 12% every year; the return- on-investment (ROI) ranges between four and six percent per year.
If you are thinking about investing in property in Bangkok, factor in the following:
To find a property that meets your expectations, you can hire a real estate agent in Thailand while you are in Pakistan. Similarly, you can secure the services of an attorney to handle the paperwork. (Fees range between $500 and 1,000). However, you will have to go to Thailand to finalize the deal.
The most popular property options include apartments as well house in gated communities.
Although you can purchase a property by paying the required amount in full, most people choose to book an apartment or a house by paying a 10% down payment. The remaining 90% is paid via monthly installments, usually over a period of three years. Another option is to apply for a loan from a bank to finance up to 50% of the property ‘s value interest rates range between seven and 12%.
Areas where property prices are likely to double within the next two years include Narathiwas-Ratchanakarin Road, Rama 3, Sathorn, silom, Sukhumvit and Surawong.
Purchase Price range (Per square foot): $600-800 (apartments); $850-1,200(houses).
Monthly rental ranges (per square foot): $2,500-3,000 (apartments): $3,000-4,500 (houses)
By Nimra Sajjad