Till 2016, Thailand’s real estate market experienced a downward slope that creates tension among the real estate dealers. However, after that black year, 2017 showed some potential that the Thailand Property market can give a high return on Investment.
In this post, we will discuss that in detail and pick top ten reason why after a dive, Thai property is on the edge to rise from that deep dive. After this post, you will be able to comprehend doable actions that will help you in investing smartly on Thailand property.
So, why such drastic changes turn to be so delightful? Why Thailand real estate ROI graphs turned to positive from negative? Let’s find out the answers here.
The answers to these questions lie in these ten points which you will read below. Let’s get you started,
1. The Confidence Of Consumers
It is obvious that the economic downturn and other several negative factors played their roles and diminish the confidence of the consumer back in 2016. But in 2017, people spendings are much higher which is a very good sign that the real estate market will rise surprisingly in 2018.
As the spending of the Thai citizens increased, it has a long-term effect on the National economy in the long run. There are clear stats which has shown that in 2017, the return on investment increased dramatically for the real estate in Thailand. Higher spending always indicates as a good sign towards the real estate market.
2. Revolutionary Design and Structures
In past year, Thailand property showed some remarkable changes in the design of buildings and property. This has attracted not only the locals but the foreigners as well. There are many real estate entrepreneurs who believed that in order to stimulate higher demands, better architectural planning is required to build residences and commercial buildings.
Thailand property market has used a remarkable amount of new real estate design and structure. This has lured a significant number of local and foreign buyers to the market which showed a steeped growth in the market of Thailand’s real estate market in 2017. It is expected that this pattern will continue in 2018 as well.
3. Create New Experiences
There is a big difference in the details of the properties that were built back in 2016 and those who constructed in 2017. This new experience attracted loads of new clients. Whether it is building residential blocks or whether a business office, people seek for a new touch in the property.
Thailand property take that change very seriously which enhances their market in significant ways. The same is expected to follow because the spending amount is still rising and builders are seeking newer ways to construct a property with unique attributes.
4. Business Conglomerates
The real estate market leaders have always dominated the market. They not only created greater opportunities but also business conglomeration is one of the most preferred strategies to drive growth for the real estate business.
These amalgamations have created various fundraising channels and also unveils excellent credits when a customer applies for a loan. This opens the sales channel and the consumers are more inclined towards real estate than 2016.
5. Innovation Technology
There are many real estate investors in Thailand which are seriously attempting to advance their marketing and promotional channels to efficiently entice both foreign and local customers.
The quality of after-sales services in Thailand real estate is increasing which increase the percentage of customer satisfaction. With such quality customer services due to technical advancements, there is an expected rise in the return on investment in 2018.
6. Luxurious Residence
There are many large real estate firms who have consistently increased the production of luxurious residential projects to target the high-end market. Now, this move is giving the desired results now, as the buzz has been increasingly influencing the high-income earners.
The selling price of these luxurious properties and condos are very high in the market. In the year 2018, they are expected to grow more as the demand is also steeply increasing.
7. Top-Class Buildings For Offices
In Thailand, most of the offices are in the top-grade business towers in Bangkok and other major cities. The land prices near rapid transit system such as Bangkok Mass Transit System, The Metropolitan Rapid Transit and the Airport Rail Link have been increasing at alarming speed.
Every renowned business wants their corporate offices near these buildings which are creating a high-end market for the property in Thailand.
8. Increasing Shopping Centers
All the real estate investors are still very confident in increasing shopping centres with the total area larger than 30,000 sqm. This increase the rates of the property nearby that area which makes them a good source of high return on investment.
9. Commercial Banks Authorization
The other factor that is really affecting Thailand Property market in a positive direction is Commercial Bank Authorization. So, the distant customers whose income was below 40,000 THB per month can opt for a loan. This makes this segment of people a potential prospect of real estate marketer in Thailand.
10. High Public Investment
The customer’s purchasing power is constantly increasing which is due to the increase in the spending power of the citizens of Thailand. There are many public investment plans that are also in the market to enable people who cannot afford the property a chance to opt to buy property in Thailand.
If these investment plans go in the right direction, then there is a lot of scopes that the buying rate will increase in the coming year of 2018. This will bolster the real estate market of Thailand for a high return on investments.
Concluding Remarks
So, these are the 10 reasons that showed that how Thailand is ready to give a high-end return on investment in its real estate market. With these points now you can comprehend the future results.
Just in case have a peek at these points again for a quick flashback. Happy investing fellas!
- In 2017, people spendings are much higher which is a very good sign that the real estate market will rise surprisingly in 2018.
- Thailand property showed some remarkable changes in the design of buildings and property. This has attracted not only the locals but the foreigners as well.
- There is a big difference in the details of the properties that were built back in 2016 and those who constructed in 2017. This new experience attracted loads of new clients.
- These Business amalgamations have created various fundraising channels and also unveils excellent credits when a customer applies for a loan.
- With quality customer services due to technical advancements, there is an expected rise in the return on investment in 2018.
- There are many large real estate firms who have consistently increased the production of luxurious residential projects to target the high-end market.
- Every renowned business wants their corporate offices near rapid transit systems which is creating a high-end market for the property in Thailand.
- Increasing Large Shopping Centers.
- The other factor that is really affecting Thailand Property market in a positive direction is Commercial Bank Authorisation.
- There are many public investment plans that are also in the market to enable people who cannot afford the property a chance to opt to buy property in Thailand.
Author Bio:
This post is written by David Lane. He was born and raised in Thailand. He is working as a Realtor for Thailand-property, Offering best Thai property for their clients . David is praised most often by clients for his enthusiasm, patient approach and unwavering loyalty. Apart from this , David loves to do fly fishing, sporting clays and play golf . He also expertized in social media marketing and conducts regualr social media audit for his own property social profiles using free social media audit template