| Description: | Although Thai property laws can be a bit sketchy for foreigners buying houses, owning condos is entirely possible. It’s the best direction to go as an ex-pat in Thailand. “Condominiums” are a legal title that foreigners can use to directly buy condos in Thailand. And that’s without any restrictions. If you are a non-Thai, you can own or even resell a condo with straightforward property ownership laws regarding condos. This kick-started the rapid growth of the Bangkok condo market. The amazingly robust Bangkok rental property market is one of the sector’s shining lights. Because Bangkok is an important business hub in SE-Asia, rentals are always in high demand. Theoretically, condo buyers/investors can make a 4-6% gross rental yield on Bangkok condos. Obviously, this is currently in flux due to the pandemic but it’s one of the major positives for buying Bangkok real estate. |
