The difference between a Villa and a House in Thailand?
By K. Olsen
It has been said by many property buyers in Thailand that a villa here in The Land Of Smiles just seems to be a smart name for what we at our home country would call a house.
Many property developers and agents advertise their houses as “Villas” because it “looks” and “sounds” better than “houses”.
But what in fact is a villa then? How do you define a villa?
In Thailand you can find many sort of houses. They are named as “Bungalows”, “Dwellings”, “Town Houses”, “Detached Villas”, “Semi Detached Villas”, “Villas” and “Luxury Villas”…just to mention a few. Read more »
Families with children relocates away from Bangkok.
By K. Olsen and T. Witzansky
In Bangkok the rising land prices are pushing home prices way beyond the reach of many potential buyers.
The result is a lot fewer new developments, and the shrinking supply is pushing prices even higher.
Many of the developments are single bedroom apartments unsuitable for families with children, who are fleeing the city for the suburbs, where larger properties are available.
View the cartoon by Teddy Witzansky. Read more »
Foreigner Mortgage Finance in Thailand.
By Richard Gray, MBK Guarantee Co., Ltd.
Property finance in Thailand has long been extremely difficult for foreigners to obtain. Due to regulations and perceived risk, banks have tended to reserve their finance options for Thai nationals only, with the rare circumstance of allowing a foreigner to act as guarantor only. Even with this lack of financing available, the demand for Thai properties has remained high and continues to grow.
One of the main changes to be seen in Thailand is that even with the constant increase in supply, properties are still increasing in value and price per sqm is rapidly going upwards (the condo price index soared by 9.39% in Q1 of 2013 according to the Bank of Thailand). At some point one would expect this to cease, questioning where the demand is coming from yet new developments, particularly in the Bangkok, Phuket and Pattaya regions, continue to sell well, with many of the well-established developers still achieving strong sales figures (The Nation has shown that by the end of 2012, the top 7 Thai developers had shown an increase of 23% on total sales year on year) Read more »
What’s new in Koh Lanta?
By K. Olsen
The property market on Koh Lanta has been reasonably quiet over the last few years, following the world’s financial recovery.
But, yes, properties have been moving, however what has also been happening is a new reality has been forming in terms of property resale prices and buyers’ expectations.
This time a change of expectation has settled the previously, sometimes over expectant views on capital appreciation and most resale properties have had the asking prices reduced, some by up to 30-35%.
What this appears to have done is to have “tidied” up the real estate market on Koh Lanta. So with increased demand, a new supply must follow… Read more »
5 Star Hotel Group Centara Prepares For Pattaya…and Khanom
By K. Olsen
Centara is the leading 5 Star hotel chain in Thailand offering hotels & resorts in Bangkok, Hua Hin, Krabi, Pattaya, Samui, Koh Chang, Phuket, Rayong, Trat, Hat Yai, Chiang Mai, Mae Sot, Khon Kaen and Udon Thani.
Centara will in September open another five-star hotel in Pattaya, this one located at Phratamnak Hill district, also called Pattaya’s “Beverly Hills”.
But wait…we are not finished here.
During my latest visit to Khanom, it was revealed to me that Centara Hotels & Resorts are preparing to acquire land in Khanom for their next 5 Star hotel in Thailand. Read more »
10 solid reasons why people buy property in Thailand.
By K. Olsen
Currently, discerning investors are purchasing property in Thailand because of the lower prices.
This is attributed to the global economic crisis as well as temporary unrest in Thai. But in the end, they are bound to make huge profits as soon as situation stabilizes. So all they are doing is to sit back and watch as the value of their investment is gradually escalating.
In fact, according to speculations by international property analysis, the property investment industry in Thailand is looking healthy especially within the residential suburbs as well office building sectors.
As for the potential buyer, the property market in Thailand currently offers medium to long-term investment opportunities that would give people a chance to get into a stable and consistent property market that is growing each day. Read more »
From Stone Age cavemen to present-day Hollywood stars like Leonardo Di Caprio, Krabi’s climate and natural beauty have drawn human beings to it for the last 40,000 years – a trend that seems to keep on going.
Facing the warm, wet breezes of the Andaman Sea and situated as one of the southern-most provinces in Thailand, Krabi is one of the longest-inhabited places of human settlement in all of Southeast Asia. Even by the standards of the millenia-old Thai culture this region of the country is considered very old and historically significant, as evidenced by the very name Krabi – an ancient Siamese sword that, legend has it, was unearthed when settlers laid the foundation of the city of Krabi (the province’s aptly named capital) several centuries ago. Read more »
2013 Property Outlook for selected Thailand locations.
By TEN Thai Estate Network Co. Ltd. June 2013.
According to a survey in March 2013 conducted by HSBC Bank, Thailand is the world’s best location for expat property investment.
Buying a property in Thailand results in a far better property in a better location than anywhere else in the world and far better than other Asian countries like Malaysia, Singapore, Cambodia, Hong Kong and Philippines.
One of the major reasons for this is the affordable land prices and labor expenses, which represents best value for money when building or buying your dream home in Thailand.
Another reason for Thailand’s popularity is that many home buyers take advantage of the low prices to buy additional properties as an investment.
In most locations, it is possible to make very good returns from the vacation and long term rental market as well as seeing a huge increase in the value of the property. Read more »
A bit of a hidden gem, Khanom offers both holidaymakers and longer-term residents all the joys of the Land of Smiles – only at lower prices than normal.
Originally founded as the town of Tranom in 1365, the city and district of Khanom lies at the northern tip of Nakhon Si Thammarat, one of Thailand’s southern-most provinces – and also one of the least touristy parts of the whole country. Whether you are a tourist looking to experience the often elusive “real Thailand”, or you are looking to buy a piece of Thai real estate somewhere where you can avoid the millions of sun-hungry foreigners that invade Thailand every year, Khanom may well be one of your best bets. Read more »
“Flipping” real estate used to be about buying some run-down shack, turning it into a palace and selling it for a profit. Then the global financial crisis rolled in and things had to change. But the chance of making a profit is still very much alive.
If you’ve been within fifteen feet of a television set in the last decade, chances are you’re already familiar with the essence of what real estate people used to call “flipping” through TV shows like “Extreme Makeover: Home Edition”, where more or less decrepit houses are repaired, fixed up and given new, glorious life. Especially in the Western World, real estate investors made good money on buying distressed properties under market value, fixing them up and flipping them back on the market at an often greatly increased price. Although time- and resource-consuming, “old flipping” was potentially quite a rewarding and profitable investment strategy – right up until Western property markets started to collapse under bad debts and all the other “blessings” associated with the global financial crisis. Read more »