Thailand offers an amazing opportunity to foreigners all over the World to invest in its real estate market. Most of the expatriates see it as a perfect option to get profitable returns on their investment and even consider it as the ideal place to retire. Although, as a foreigner, you are going to face a few difficulties as the Thai law favors the native people. However, it doesn’t mean that you cannot get your hands on the Thai Property.
In this post, we are going to showcase 10 reasons that make Thailand an ideal choice for investment.
1. Exotic Tourist Destination
Thailand is an exotic destination that has a universal appeal among the tourists from all over the globe. As a result of this, the real estate market of the country has boomed in the recent few yeas. Bangkok, the capital city is the most popular tourist destination in the entire World. The rise in the number of tourists has led to a wide scale infrastructural development in the form of new high rise buildings. These buildings have a number of apartments and condominiums that are pretty popular among the expatriates. Most of the foreigners look forward to these condos for investing their money.
2. Perfect Place to Retire
For all those people who live in Asian countries, Thailand tops the list as the number one retirement destination. There are a number of factors that are associated with this. Call it the low cost of living or the natural beauty of the country most of the expatriates consider Thailand as the best place to retire. In order to attract more foreigners to come and settle down in the country, retirement visas are provided to all those foreigners who are more than 50 years of age. However, the visas that are issued are strictly on the basis of the financial means of an individual.
3. Good Overall Facilities
All the basic facilities that a country must have are available for an individual in Thailand. Be it good schools, excellent health care system, public transportation facilities, the country has everything that a person can desire. Any person who is new to a country would expect that all the basic amenities are delivered to him so that he doesn’t face any kind of difficulty while living. There have been constant efforts that are being made by the Thai government to further make improvements in the country’s infrastructure.
4. Growing Economic Market
Thailand’s economy has been on a tremendous rise and has become the largest market in Asia. The capital city, Bangkok acts as the headquarters of a number of multi-national firms. The rate of employment has seen a significant rise in the recent few years which makes Thailand the ideal place to invest. For all those people who are looking to invest their money, the country promises profitable returns on their investment.
5. Cheap Property Rates
When compared with all the other countries of the World, Thailand offers property at much cheaper rates than the others. This gives an opportunity to all those property investors who earlier could not have their own property on a foreign land due to budget constraints. All those investors who have owned a property in the country have seen massive capital growth when major cities are concerned. These properties also offer good rental returns due to the huge volume of tourists that visit the country every year.
6. Prime Location
As Thailand is located in the heart of Asia, the country enjoys beneficial and convenient opportunities with China, India and all the countries that are a part of the Association of Southeast Asian Nations (ASEAN). All these have benefited the country and expand its ties with the other nations. Due to this, there has been a positive impact on Thailand’s economy and resulted in better investment opportunities for the expatriates.
7. FDI Policies
Thailand’s investment policies are well defined that promote free trade and liberalization. All the foreign investments that deal with the development of technology, skills, and innovation are encouraged by the Thai government. According to reports, Thailand is one of the most proffered locations for investment and start a business. Due to liberal policies, investing in the country is considered pretty easy. This has proved to be beneficial for both the investors and the government.
In The End
From the above-mentioned reasons, I hope you would have realized that Thailand is the ideal place to make an investment. A number of expatriates see the country as a land of opportunities. The Thai real estate market is on a constant boom. Due to this, the property rates are seeing an increase in prices. The property prices are only going to increase further in the years to come. All those people who are planning to buy their property in Thailand now is the right time to invest.