Overseas or not, a real estate investor must identify the hottest spot before purchasing a property.
For example, Bangkok. Thailand’s capital is known for the enchanting temples, shrines and authentic dishes. On the other hand, Bangkok is also a popular place for expats. Which means, the city is sprouting with long-term accommodation for expats and foreigners.
Given that there are many expatriates in the city, investors can look forward to a higher rental yield. But before that, take a closer look on where do the group of expats usually live and stay in Bangkok. This is to ensure that the accommodation: be it apartment, condominium or serviced apartment will not be vacant.
Restaurants, speakeasies and designer shops are everywhere. The neighbourhood is one of the trendiest areas in the city.
Cafes, shops and art galleries make Phrom Phong a lively neighbourhood. In fact, the area is popular among expatriates, especially the group of Japanese and Koreans.
Shopping malls, upscale restaurants, fitness studios, offices and mass transits define Asoke. The neighbourhood is one busy place; however, working expats do choose this area.
Types of Bangkok property
Now that all is clear on where to hunt, what about the types of accommodation? Here are the possible properties to invest and to rent out in Bangkok, Thailand.
There are many freehold condominium projects in Bangkok. Property buyers often stay in the condo, but there are those who list it for rent upon move in.
Expatriates do consider condominium because it is already furnished and facilities are available to use. Not to mention, Bangkok condos are grand and spacious.
Moreover, expats favour renting out condos since the owner and the tenant can set a deal accordingly. This can work in case the lease is flexible and applicable for long-term stay.
Units are a bit smaller and more affordable than condos. But this type of property sells. Usually, expats consider the apartment type because of the price given that it is within the city centre.
Concierge, house cleaning, laundry service and spa are the highlights of a serviced apartment. This type of Bangkok property often attracts long-term tenants who want to live comfortably. Despite of the given monthly rent, there are those who will still book the upscale unit and stay longer.
Are you ready to invest? Find the list of condos, apartments and serviced apartments on Yazhou Property.
For other property updates, like the official Yazhou Property Facebook page and follow us on Instagram.
If you currently own a unit in Bangkok, Pattaya, or Phuket, check AP365. An online platform ideal for property owners who want to earn monthly income without any fuss. Visit the page and learn how an agent can help an owner manage the property. Register today!
About Yazhou Property
Yazhou Property is a Property and Lifestyle website. We provide fresh overseas real estate news and the hottest real estate property for sale. We also give helpful tips to aid you in your real estate journey and your overseas property investment.
Find real estate for sale around Asia in our updated property listing. You could also find the best real estate agents and real estate developers on our website! Contact us now to learn more about our services.