@Jeff ******

IF you can ever sell it . THOUSANDS of properties listed in Bangkok .. can’t sell them

@Jeff ******

you mean you’ve owned loads of property in Thailand ? I too wanted to buy in Bangkok years ago and did , and still do , a lot of research . One thing struck me was there seems to be almost no capital appreciation in other words they don’t rise in price . A 25m baht condo in a good area I wanted in 2015 is still at that price having not sold for 9 years now !! So much oversupply it’s almost a joke and not enough SERIOUS demand . The asking prices keep rising but if they don’t sell it’s meaningless .

Rent on the other hand stays stable too but in a cheaper ratio than in the UK for example where prices for resale are up about 35-40% since the same 2015 period .

Then you have the absurd problem that in Thailand the condo usually comes with a 30 year lease which you then have to renew . Why have that hassle ? And as a foreigner you can’t buy a house in Thailand in your name outright . Crazy but true .

Then when you come to resale in Thailand you are up against literally thousands of other condos and houses .

Most people would say rent don’t buy . Does the above explain it better to you ?

@Tim *********

bit worrying their English is not that great . It’s true about the weather , although the relentless heat day after day can grind you down . But it’s not that cheap anymore . If you own a property in the UK for example your monthly budget is not so different to what you would spend in Thailand . Rent don’t buy , like everybody else says … for a good reason

@Tim *********

Thailand is not the cheap place it was 30 years ago . The persistent strength of their currency ensures that . If you want to live the backpacker lifestyle then yes it’s cheap but not otherwise . Vietnam is cheaper and just as viable .

@Tim ********

good answer although 8k-10k a month will only get you something basic . 20-25k will get you something nice , big and plenty of space for 1 or 2 persons in a better area

Just rent , at least at the start . Gives you freedom to move . If you buy a condo you might not live long enough to see it ever sell again . As an added bonus , renting is also pretty cheap

I think the general consensus here reading the comments is … it’s foolish to do any business in Thailand . I would agree by the way . Save your money and spend it in Thailand but don’t do something you have no understanding of

Yes it’s true and always has been although the difference , whilst welcome , is not enough to get carried away over

To put it all into context , from 1993-mid 1997 it was at 38-41, from mid 1997-2008 it rose to 92 then fell towards 55 , from 2008-mid 2016 it was between 48-55 , then Brexit crashed it to 45 so from mid 2016 it was between 45 down to a low of around 38 in 2019 , from 2019 to now it has slowly crawled from 38 back up to its long term medium average of 46.75 , then in the past few days it’s crashed back sharply to 45.50 as a result of the usual Bank of England nerves ( they never support the currency unlike the Bank of Thailand who ensure the baht is forever strong ) and the rising gold price plus the BOT will not cut rates this year

You say you will rent “to begin with “ the implication being you will later buy . Personally I would advise against buying anything in Thailand concerned with property . Keep renting and you keep the flexibility to move