House in Bangkok, Bangkok is a city that never sleeps, offering a unique blend of ancient history and modernity that attracts millions of visitors each year. It isn’t just about the blissful beaches, tropical islands and tough mountains that feel appealing to tourists. But it’s also a haven for expatriates, drawn there by low house prices, economical lifestyle, and good hospitality.
The recent government investment in infrastructure has fulfilled people’s wish to relocate to the city. So now it’s even better to shift to Bangkok and enjoy nature’s beauty to the fullest. However, it can be risky as well if there is not a ready-made plan of accommodation.
In this article, we will look at some affordable house for sale in Bangkok and tell you some related information you should know before relocating.
How To Find The Best Deal On House For Sale In Bangkok?
Want to find your dream home in Bangkok? With so many options available in the real estate industry, it can be challenging to find one that matches your needs. But fear not; we will help you in the journey to hunt for a new home in Bangkok.
First, conduct an online search. The internet is a treasure box of property listings. There are numerous real estate websites where you can search for homes that fit your budget and needs. You can also use filters to save time. Once you’ve found a few houses you like, contact the sellers directly for more information.
Another great approach to finding hot deals on house for sale in Bangkok is to ask around. You never know who might be selling their house or know of someone who is. Ask your friends, family, and colleagues who live in Bangkok and see if they can recommend any good real estate agents or property owners. You can even use social media platforms to find a house agent.
Benefits Of Purchasing A House In Bangkok
Purchasing real estate in Bangkok isn’t just an idea to build another property. Instead, it can be a worthwhile investment. Here’s why:
- Compared to other major cities in Thailand, the Bangkok real market offers low-cost on properties.
- The city is famous for tourism and having a home in such a place is a blessing.
- Bangkok’s real estate market is growing year by year, so you can receive a great return after a few years.
Price Of House For Sale In Bangkok
On average, a house in Bangkok cost around ฿4,070,000 (roughly $130,360). Remember it’s not a perfect estimate because the price of the house depends on various factors such as location, size and facilities. Here’s how they affect the house cost:
- Properties located in the central area are usually more expensive than those in outer areas. It’s because they are nearby commercial shops and can easily access routine groceries.
- The larger the property, the cost will be higher and vice versa.
- Facilities such as parking, lift, CCTV cameras and security can also increase the price.
Tips To Find A Good And Affordable House
Bangkok’s real estate industry has experienced significant price increases over a decade. Now, it is a challenging task to hunt for an affordable and suitable home in the city. However, by doing your research and being prepared to negotiate, you can increase your chances of finding a good deal. Here’s some tips to hunt for a good yet affordable home in Bangkok.
- Research the current market trends to get an idea of property values in different areas of Bangkok.
- Research a realistic budget in mind before starting negotiations to avoid overspending on your new home.
- Look for properties in less popular areas, such as Phra Khanong or On Nut, which may offer more affordable options.
- Use a real estate agent to help you find a property that meets your needs and budget. Make sure to ask about fees before signing any contracts.
- Be prepared to negotiate and walk away from a deal if you are not able to reach an agreement on price.
What To Check Before Purchasing A House In Bangkok?
Many scams and pitfalls can be found in the real estate market. That’s why our experts advise to use a reputable real estate agent, and to check the following:
Make sure that you understand all of the terms and conditions in the contract before signing it. There have been cases of people being scammed by signing contracts that they did not fully understand.
Make sure that the title deed is in the name of the seller, and that it is up to date. You should also check for any encumbrances on the property.
Condition Of The Property:
Inspect the property carefully before purchasing it. Check for any damage, and make sure that all of the electrical and plumbing fixtures are in working order.
Location Of The House:
You’ll want to make sure that it’s in a good neighborhood and is close to public transportation and other amenities.
FAQs – House For Sale In Bangkok
Can a foreigner buy a house in Bangkok?
Yes, foreigners can purchase property in Bangkok, but certain restrictions apply. Thai law permits outsiders to buy a house, condominium, or apartment but prohibits them from owning the land on which the property is built. Therefore, a Thai resident or company should own the land on which you want to purchase a house.
Is property cheap in Bangkok?
Bangkok’s real estate market has experienced a significant price increase over the past decade, with a 50% hike in property prices. Despite this, house for sale in Bangkok are still considered affordable compared to other major cities worldwide.
For instance, an average three-bedroom house in Bangkok may cost around ฿ 13,376,702. The price can vary depending on the facilities, area and other luxury stuff available in the house.
Can I live in Thailand if I buy a house?
If you purchase a house in Thailand, you will not get the direct right to live in the country. As a foreigner, you must apply for visa programs to be recognised as a respectable resident of Thailand.
Under the Thailand elite residence program, you can get a visa to live in Thailand for 5, 10 or 20 years. But to obtain it, you will need to be applicable for this program.
Is it risky to buy property in Thailand?
It certainly can be, but many foreigners have found success when investing in Thailand’s property market. To reduce the risks involved, you should always use a reputable real estate lawyer to handle all the paperwork, check the title deed thoroughly and get an inspection from a reliable engineer or surveyor.
Where do foreigners live in Bangkok?
The Sukhumvit area in Bangkok is known for its diverse expatriate communities, including Westerners, Japanese, Indians, and many others. It is home to various international schools, embassies, and multinational corporations, which attract people worldwide. In addition, the area is known for its high-end condos, upscale dining establishments, and shopping centres, all of which cater to the needs and preferences of foreign residents.
Is it safe to buy property in Thailand?
Yes, it can be a safe venture if adequate precautions and legal procedures are followed. However, it is essential to understand the risks and challenges associated with buying property in Thailand, particularly for foreign buyers. These risks include complex land ownership laws that may differ from those in one’s home country, fraudulent activities and scams related to property purchases.
How much does it cost to get permanent residency in Thailand?
The price of obtaining permanent residency in Thailand varies due to several factors, including the applicant’s age, nationality, and kind of visa. The typical fee for submitting an application for permanent residency in Thailand is around 7,600 Thai Baht (roughly $250).
Which is the best area to live in Bangkok?
Some popular areas you can consider as your living area in Bangkok include Sukhumvit, Thonglor, Silom, Sathorn, and Phrom Phong. Sukhumvit is known for its upscale shopping and dining options, while Thong Lo is a trendy and upscale neighborhood popular with younger professionals. Silom and Sathorn are financial districts with many office buildings and high-rise condos, while Phrom Phong offers a mix of upscale shopping, dining, and residential options.
Is it better to rent or buy in Thailand?
The decision to rent or purchase a house in Bangkok depends on various factors, such as your budget, length of stay, and personal preferences. Renting a house is a good option if you plan to stay in Bangkok for a short time and want more flexibility while being low on budget. If longer residency and property building are your concern, look for house for sale in Bangkok.
In conclusion, Bangkok offers a wide range of house for sale, catering to different budgets and preferences. The city’s real estate market is continuously growing, and plenty of options are available in various locations and styles, from traditional Thai houses to modern luxury villas.
Purchasing a house in Bangkok can be a financially and culturally rewarding investment, but it can also be difficult. With the help of a professional real estate agent or consultant, foreign buyers can find the perfect property that meets their needs and preferences.