Purchasing A Condo In Thailand
When it comes to purchasing property in Thailand, there are restrictions on foreigners owning land. However, they can own the house that is n the land and they can own a condo, so purchasing a condo is the more popular option for foreign nationals. If you are thinking of purchasing a condo in Bangkok, below are some tips to help you with your search and ensure you get something that meets your needs.
Choosing A New Or Second-Hand Option
One thing that you will notice when looking at properties for sale in Bangkok is that there are plenty of properties up for sale, and there are also new ones being built all the time. You will have to decide whether you wish to purchase a new condo in one of the many developments that are going up or opt for a second-hand one, which is sometimes much more cost-effective.
Which Part Of The City To Live In?
You will also need to decide which area f the city you prefer to live before you start your search for the perfect condo. If you are working, then you will want something close to your job, which will reduce your travel times. You may also wish to be close to amenities such as shops, schools, hospital, or transport links. It is worth keeping in mind that if you are looking for something close to the BTS or MRT systems, then the price of the condo will usually be higher. When you are looking to buy a condo, Bangkok has many options available, so no matter which part of the city you wish to live in, there will be a suitable option for you.
Getting Help With Your Search
When you have an idea of the area that you want to live in and also what sort of condo you are after, you are best to use the services of a property agent that can assist you with your search. Their services will be free to you as they will receive a commission from the owner of the property when it is sold or rented, and they will often be able to take you to places you would not find usually. Use their experience and contacts, and they can assist you in finding a condo which meets your needs perfectly.
Make sure that you take your time and do not rush into making a decision, remember it is a buyer’s market as there are thousands of empty units all over the city sitting empty, with no buyers to be found.