Top 4 cities in Thailand to own real estate property
Thailand is a booming market for real estate. Between a growing middle- and upper-class and a desire to invest in something solid, real estate offers the chance to put your money in something historically stable. You’ll want to do your own due diligence, of course, and each city has their own pros and cons to consider.
Bangkok remains one of the hottest cities for real estate investment. Thailand’s capital retains a hot reputation despite the recent protests, and construction projects seem to be popping up daily. Go down any major street in the city and you’ll see more condominium projects than you can keep straight! A number of projects are being constructed further from central Bangkok, creating new suburbs in the process. Look for places close to the BTS or MRT, ideally, or be aware of where the main roads are while looking at your options.
Pattaya has a reputation that’s hard to live down, but it might be exactly what you’re looking for. The beachside city is slowly being more family-friendly, and the real estate opportunities are one reason more families are moving in. The international atmosphere only adds to the local flavor, and plenty of restaurants are around to cater to your desires. Pattaya’s nightlife remains a major draw, of course, but there are plenty of other things to enjoy beyond the adults-only areas.
Chiang Mai, Thailand’s second city, sets you up for exploring northern Thailand. Chiang Mai is quickly becoming a tourist-friendly metropolis in its own right, and features more than enough coffee shops and restaurants to keep you feeling like you’re in the first world. The city has a reputation for being friendly to the ‘digital nomads’ and entrepreneurs, and is great for connecting to like-minded, tech-savvy people.
Finally, Phuket offers a slice of paradise that can’t be beat. Being near Krabi, Ko Samui, and plenty of other islands gives you more options than you might have time to explore. While there are some local characters and issues to watch out for, the country’s largest island means luxury, beaches, and mountains. The western or southeastern side are where most foreigners spend their time, but consider the interior as well to get off the beaten path.
The rest of the country has plenty of lucrative opportunities as well, but be aware of the restrictions on foreigners owning property. They vary by province and city, so consult the local property agents for more details.