Many expatriates live in Thailand, especially in the City of Angels or Bangkok. Most of these foreign residents arrived as regular tourists, but then decided to stay due to the country’s magnificent tourist destinations, rich culture, tropical climate, and its warm and friendly people.
Returning tourists frequently choose to rent apartments or stay in hotels when they are in the city. However, if you are one of these people who loves Bangkok and wants to stay for good, the best option is to buy a Bangkok condo where you can live comfortably in the city.
Bangkok is also a commonly chosen retirement destination for expatriates who intend to stay in Thailand for good.
Living in Bangkok
You don’t need to spend much to live comfortably in the city. It’s cheaper to live in Bangkok compared to other cities in the West, or even in neighboring Asian countries.
People who like good food, excellent shopping and holiday spots will find that it’s easy to spend their time visiting Bangkok’s many hot tourist spots, top-class restaurants, hotels, shopping centers, and world heritage sites.
Thailand also ranks high on the world’s list of places where you can make friends easily. Thais are a friendly and warm people who respect other people’s cultures and beliefs, while expecting the same from them. Although Thais are very traditional, they are open to change as long as they can still practice their traditions.
Thailand’s steady economy and ever growing tourism industry make it a haven for investors. Since regulations governing land and property ownership are quite strict in Thailand, permanent expats tend to own condominium units since these are the easiest property to acquire in the city. Bangkok condominiums for sale also offer levels of comfort that are closest to those provided by a hotel, with a range of top-class facilities and amenities.
However, with the increasing numbers of foreigners investing in the country, the laws governing the real estate industry are slowly being amended to accommodate more investors. Most foreign residents own properties in form of freehold condominium titles and through leasehold ownership.
The best areas to find a condo in Bangkok for sale are in Sukhumvit, Sathom, Central Lumpini, Ratchada, and Silom. All of these locations are in the center of Bangkok, near the city’s train station, expressways, and mass transit routes.
Sukhumvit, in particular, is home to the most popular condominium buildings as this location provides the ultimate access to shopping centers, restaurants, bars, and famous hotels. Condos are mostly available as 1-bedroom to 2-bedroom units. However, developers are currently building more studio units in the area to cater to single occupants who want smaller and less expensive units.
Bangkok condos are usually managed by property management companies, providing 24-hour of security, while maintaining the building and the units when the owners are away or overseas. Property management companies also offer their services to condominium owners who want to rent their units out to tourists as a profitable investment when they are not in the country.
Bangkok offers expats a great quality of life when settling down after their years of hard work. Investing early in Bangkok offers the opportunity to own a property in the city where expats can spend their retirement in comfort and safety.