We are starting the second half of 2023. Lots of quick enhancements on technology and AI. Many things are happening so fast in quarter one and two of 2023. But some things that do not change is to buy a home.
Especially in the real estate market. Or a market where you can buy a home, or as a holiday home or for investments purposes. As you explore what Thailand real estate market offers, a real estate report is informative and what you need too.
But what is it? How does it help you? This report sheds light on these questions, empowering you to navigate Thailand's property market. Whether you're a buyer, seller, or investor, this trusted guide provides unbiased insights on trends and opportunities. Let's delve into Thailand's real estate and uncover the knowledge to make informed choices about the hottest spots in 2023.
We are going to focus on the location for where you look to buy your new home. Or sellers looking for popular locations homebuyers are preferring. Quarter 2 real estate market focuses on the top 3 locations to buy or rent. Comparing between a condo or a house as the property type.
The main trend of buying and selling condo is mainly located in Bangkok. We are going to focus on the top three locations to buy a condo in Bangkok. On the other top 3 locations to sell condo in Bangkok.
First we are going to start with the top 3 locations for homebuyers to buy a condo. Or for sellers looking at homebuyers popular locations. The locations are: Phra Khanong, Asoke and On Nut.
Phra Khanong sub-district is luring in plenty of new homebuyers looking to buy condo in the area. Phra Khanong is conveniently located nearby to the center of Bangkok with good BTS transportation. Secondly Phra Khanong is a region in Bangkok that acts as a bridge between the Central Business District and leisure areas in Bangkok.
Phra Khanong attracts estimately 2,000 monthly homebuyers per year to buy luxury condos in the area. Transportations is the primary reason for buyers to look for condos in the area. You have access to the BTS station which is just a few minutes away from your condo room. Secondly if you go towards Siam station you enter the Bangkok business area. If you go towards Bang Na area you are close to the new leisure attraction True Digital Park.
Popular choice of condo for homebuyers to consider is The Address Sukhumvit 61. The Address Sukhumvit 1 bedroom condo is popular because of the spacious condo room. The location is near lots of street food in the area. Of course it's just a 3 minute walk to the BTS station. Additionally located in the heart of the city. The condo is situated in a small location that is quiet and less noisy for some relaxing time.
We are moving a step closer and entering the heart of Bangkok which is Asoke. Asoke the main square of Bangkok houses businesses, major offices, shopping malls, and the transportation centers around here and much more.
A monthly visit of 5,000 homebuyers looking to purchase condos in the Asoke area. Because of the ease of going to work. Or even the ease to reach major shopping malls and restaurants. You have all kinds of food areas in Asoke. All kinds of shopping centers such as Terminal 21. You are close to Benjattiki Park too. Popular among working professionals, singles and couples in Asoke. However, families move in to Asoke as well. As there are schools around the area too.
Popular condo to buy in Asoke is Life Asoke Rama 9. A condo unit that is in between Asoke road and Rama 9 road. You can walk to central Rama 9 from your condo. Or you can even walk to the Emporium at Sukhumvit Soi 33 road. You are in the middle of Bangkok. The amenities at Life Asoke Rama 9 provides the utmost beautiful infinity swimming pool you will ever see and use in a high-rise condo.
Now visualize an emerging neighborhood with immense potential. Onnut captured the interest of approximately 400 homebuyers, offering a winning combination of affordability and accessibility. As a rising star in 2023, Onnut showcases a charming mix of tradition and modernity, presenting promising condo options for a diverse range of buyers.
For investors looking to see value for property appreciation in Bangkok. On Nut is the area to buy condos. Even for homebuyers looking at property as a home and also rental properties later on. Look at On Nut for high rental yields. To understand how to calculate rental yield and the two most important rental yield calculations.
Not everyone is ready to buy a condo just yet because of various factors. You do not want the financial burden just yet. Or you plan to move to a different city or country in the next two years. Then renting is the best option.
We have noticed three popular locations to rent condos in Bangkok are: Bang Rak, Huai Khwang and Watthana.
Starting off with Bang Rak district that houses Silom and Sathorn. Two of the most business districts of the west of Bangkok. Nearby Chao PhraYa river, one of the most important rivers in Thailand actually.
With a staggering 5,538 views per month from homebuyers, Bang Rak is undoubtedly a hotspot for those seeking rental properties. As renters prefer to stay where transportation is easy. Also Bang Rak area is known for its close proximity to major banks and international companies headquarters in Bangkok.
Average condo rent price in Bang Rak is 42,600 Thai Baht per month. A popular bedroom to rent is a 2 bedroom condo in Bang Rak. Popular condo to rent in Bang Rak is The Legend Saladaeng with a median size between 64 sqm to 81 sqm.
Wattana sub-district emerges as the second more desirable location to rent a condo in Bangkok. Mainly because of the trendy lifestyle. Wattana always adds new chic cafes, restaurants and an active nightlife scene. Wattana is known for its active lifestyle for young adults, capturing a month of 28,600 renters to find condos in the area.
Average price to rent a condo in Watthana is between 28,000 Thai Baht. The most popular condo bedroom is 4. Known as an area for young adults. Renters look to rent with friends or as a group in Watthana to share the cost of living in Thailand.
As a rising star in the rental market, Huai Khwang saw an increase in interest with 5,538 users exploring its offerings each month. The neighborhood's affordability, combined with its well-connected transportation network, has made it an attractive choice for renters. Huai Khwang presents an excellent selection of apartments and condos, making it an ideal spot for those seeking a comfortable and convenient living experience.
Average condo rental price in Huai Khwang is estimated at 26,000 Thai Baht. Similar to Wattana as the area is actually close by. Except the main difference is Huai Khwang is well-connected with MRT stations more than BTS stations. Check out the most popular condos nearby BTS and MRT stations.
You are considering if buying or renting is the option for you. Read this guide for buy vs rent home before making your decision.
We move towards house property types where home buyers and renters are finding in Thailand. Trends to rent and buy houses in Thailand are located in the south. Popular regions are Phuket and Hua Hin to rent and buy.
Lastly, Koh Samui is trendy to buy a house in Thailand.
The three popular locations to buy houses in Thailand are in the regions of Phuket, Hua Hin and Koh Samui. The three most important sub-district to buy houses are: Choeng Thale, Hin Lek Fai and Maenam.
Choeng Thale is the most popular choice among homebuyers to buy a house in Phuket. Because of the location towards the North of Phuket. It is a quiet area in Phuket where you can visit three beaches such as Surin, Laguna and Layan Beach. But also not far away from Phuket Town.
An estimated 3,000 monthly homebuyers are looking for houses to buy in Choeng Thale. Average price to buy a house in Choeng Thale, Phuket is 21.34 million Thai Baht. The most popular house size is a 3 bedroom house.
The most popular property to buy a house in Choeng Thale is Botanica Modern.
The picturesque region of Maenam, Koh Samui holds charm for homebuyers looking to invest in a slice of paradise. The tranquil surroundings, combined with a flourishing local culture, make it an enticing option for those seeking a peaceful abode. The current market conditions in Maenam Koh Samui present an array of opportunities, with a diverse range of properties available to cater to individual preferences and budgets.
Hin Lek Fai Hua Hin emerges as a hidden gem for savvy homebuyers. This region offers a harmonious blend of urban conveniences and a laid-back lifestyle, making it an attractive prospect for both retirees and young families. The current market conditions in Hin Lek Fai,Hua Hin reveal steady growth, indicating a promising investment landscape. As demand for properties in this area rises, buyers are advised to be proactive and explore the latest trends to secure their ideal home.
With an estimated 460 monthly active homebuyers looking at the hidden gem location in Hua HIn to purchase a home as a holiday home or a permanent residence. Average house price to buy in Hin Lek Fai, Hua Hin is at 6,05 million Thai Baht.
Popular house to buy among homebuyers in Hin Lek Fai, Hua Hin is Baan Phu Thara and Sasara Black Mountain.
We have a surprise here for renters seeking to rent a house in Thailand. The top three locations are all located in Phuket to rent houses in 2023. The three main districts are Thalang, Phuket Town and Kathu.
Nestled in the scenic heart of Phuket, Thalang offers a tranquil escape from the city's hustle and bustle. The current market conditions in Thalang present an array of rental opportunities for those seeking a serene living experience. With a blend of lush greenery and picturesque landscapes, this region is highly sought-after among renters looking to immerse themselves in nature's beauty.
Average price to rent a house in Thalang region is around 85,000 Thai Baht monthly. With monthly users seeking to rent a house in Thalang reaching around 3,400 users per month. A good opportunity for landlords to seek rental investments and rental yields.
As the gateway to Phuket's entertainment and recreational hubs, Kathu holds a special appeal for renters seeking a vibrant lifestyle. The current market conditions in Kathu reveal a balanced mix of rental options, catering to various preferences and budgets. Whether it's a cozy home near world-class golf courses or a modern apartment with access to bustling nightlife, Kathu has something for everyone.
For renters looking for a house in Kathu the average rent price is at 45,000 Thai Baht per month. As the area is located in the city center of Phuket. You have access to all the beaches and local markets on the island of Phuket.
Phuket Town, the heart of the island, offers an eclectic mix of cultural charm and contemporary living. The current market conditions in Phuket Town showcase a diverse selection of rental houses, ranging from traditional Thai-style homes to modern townhouses. With its central location and access to an array of amenities, Phuket Town is an ideal choice for those seeking convenience and cultural immersion.
You want to rent in the center of the city of Phuket. Average rent price for a house is 57,000 monthly in Phuket.
We have explored the top locations to rent and buy houses and condos. From the bustling streets of Bangkok to the beach cities of Phuket, Koh Samui, and Hua Hin. Thailand's real estate market is involving into a location for holiday homes and for investment purposes.
Whether you're seeking an urban oasis in the heart of Bangkok or a tranquil retreat in Phuket, your dream property awaits. Now is the time to take action and embark on your property search in Thailand. With a diverse array of options, there's a perfect home for every lifestyle and preference.
Don't miss out on this exciting journey! Begin your search for properties in Thailand today and let us be your trusted guide in finding the place you'll proudly call home.
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