Thailand: the optimal destination for real estate investment in Asia?

Thailand's Economy: Strategic Appeal

The economy of Thailand has confidently established itself as one of the most resilient and developing within the countries of the Association of Southeast Asian Nations (ASEAN), offering a multitude of interesting investment opportunities. This Southeast Asian sector has become a true magnet for investors, drawing them in against the backdrop of more mature markets in Europe and the Middle East. In this context, the term“optimal choice”acquires special significance.

Investments in Thailand are in a golden mean: on one hand, they are not too risky with no guarantee of success, and on the other hand, they are not just safe investments that merely preserve capital. For example, investment funds from Singapore and Hong Kong prefer to direct their resources to the real estate market on the island of Phuket, which turns out to be much more profitable than in their already saturated regions.

Stability of East Asia

It should be emphasized that Thailand's economy serves as a pillar of stability among East Asian countries. According to the IMF data for 2023, Thailand ranks second in ASEAN in terms of total nominal GDP, which amounts to 574 billion dollars, and fourth in per capita income, which is approximately 8,000 dollars. The purchasing power parity indicators also reflect similar standings.

Economic Growth Forecasts

Forecasts for economic indicators such as GDP growth and inflation rates from various economic institutions look quite promising. The Bank of Thailand and the National Economic and Social Development Council (NESDC) are analyzing the state of the economy and focusing on growth potential. According to their assessments, it is expected that:

• GDP growthwill be at 3.6%
• inflation ratewill remain at 2.5%

For 2024, the situation is optimistically projected to improve, with GDP growth expected to reach 3.8% and inflation expected to remain within 2.4%.

Factors of Economic Development

The main factors contributing to economic progress, according to NESDC, include:

• increase in personal expenses
• sustainable recovery in the flow of foreign tourists
• development of private and public investments

In September 2023, the exchange rate of the Thai baht against the US dollar was around 35-36 baht to one dollar. Compared to ten years earlier - September 2013 - this figure was 32-33 baht per dollar. A 1 baht change in the exchange rate is recognized by economists as a significant event, as is a rise in inflation above 3% in any given month.

Selection of Investment Objects

When investors look at properties to invest in, it is important to keep several key factors in mind, including location. Bangkok and famous tourist areas continue to be a focus for investors. Emerging tourism markets are also beginning to show their appeal, opening up new horizons for income generation. Whether partnering with property management companies or renting properties on your own, both approaches have advantages and disadvantages that should be considered in light of your personal investment strategy.

Short and Long Term Leases

In addition, it is critical to understand the differences between short-term and long-term leases, as each type has its own unique characteristics and can provide different levels of returns. Thailand's wide range of investment activities and available investment programs create additional opportunities for targeted investments.

Conclusion

Thus, Thailand remains a strategic choice for investors seeking a balance between security guarantees and high returns, as well as those who see potential for long-term investments in a dynamically developing economy.

Overview of the economic situation in Thailand

The economic situation in Thailand and the state of its currency show clear signs of stability and predictability. In 2022, macroeconomic indicators experienced such significant fluctuations that they caught the attention of economists. At the beginning of 2023, there was a sharp rise in energy prices, which led to a decrease in the dollar exchange rate to 38 baht, while inflation temporarily reached 7%. However, when compared to global economic upheavals, the events in Thailand in 2022 appear relatively moderate.

Dependence of the economy on the tourism industry

The Thai economy relies heavily on the tourism industry, which accounts for about 20% of the country's total gross domestic product. Exports are the main contributor to GDP, but many experts view tourism as a unique type of service export, as revenues come from abroad. The COVID-19 pandemic proved to be a major challenge for the economy of Phuket Island, although the negative effects did not affect the entire country equally.

The state's response to economic crises

Although Thailand is not immune to economic crises and instabilities, the government is seeking ways to mitigate the effects of these crises and quickly recover afterward. A classic example is the decline in the number of tourists from Russia and Europe in 2014-2015, which was successfully offset by an increase in travelers from China. Currently, Chinese citizens continue to be the leading buyers of real estate in Thailand, although the volume of tourist flow from this country has not yet reached pre-pandemic levels.

Don Muang Airport and future projections

The modern Don Mueang International Airport in Bangkok is almost entirely focused on low-cost airlines. It is projected that in 2023, the number of foreign tourists will be around 25-30 million, which is approximately 80% of the record results from 2018-2019. It is expected that this figure will rise to 30-35 million in 2024, bringing it closer to pre-COVID levels.

The recovery of the tourist market

Some tourist markets have already surpassed pre-pandemic levels of traveler arrivals. For example, the number of tourists from Russia to Phuket is already exceeding 2019 figures and could set a record for Thailand as a popular tourist destination. However, the Chinese market is yet to recover to the same levels this year, which is mainly due to delays in organizing group tours from China. It is worth noting that Chinese tourists are only interested in a certain category of hotels that are specifically focused on working with them.

Phuket arrival statistics

As of the first half of 2023, the number of international arrivals in Phuket reached 3.4 million, and this figure actively includes a wide audience, including villa and condominium owners, as well as hotel operators who work not only with the Chinese segment.

Need for rental housing

Michael Bulanov, General Manager, emphasizes that the activity in the tourism sector creates a high demand for rental accommodation, which is experienced by tourists themselves, as well as by workers in the tourism sector and related industries. This applies to both Thai nationals who have moved from other provinces and foreign professionals working in the area.

The role of tourism in Phuket

In Phuket, tourism is a fundamental element contributing to the region's economic growth, which in turn attracts a diverse group of renters ranging from wealthy retirees from Europe to young professionals working remotely.

By investing funds received from tourists, Phuket offers a wide range of services and facilities that cater to various preferences and needs. When choosing a location for real estate investments in Thailand, it is essential to consider three main sectors, with economic attractiveness being more important than geographical location.

Bangkok metropolitan area

Bangkok, as the capital of the country, and its surrounding areas form a large urban agglomeration with a population reaching millions of people. This makes the agglomeration unique to Thailand, as there are no other cities in the country with the same population.

In this agglomeration, the most popular investment options are apartments in modern condominiums. Investors typically employ strategies related to:

• acquiring housing in the early stages of its construction;
• by reselling it after construction is complete;
• long-term rental.

Selection of properties in Bangkok

As of today, Bangkok offers a wide range of properties for sale. For example:

• two-bedroom apartments in modern luxury condominiums, with prices starting from$346,000for example, an apartment in the Wattana area with an area of 48 m²;
• A two-bedroom apartment in a premium-class condominium in Pathum Wan is for sale for$581,000;
• A three-room apartment in the Klong Toey area is valued at$830,000;
• Budget options, such as a one-bedroom, one-bathroom condominium in Wattana, can be obtained for just$249,000.

Competition in the real estate market

However, it is important to consider that the real estate market in the capital is highly competitive, and the most attractive offers disappear at lightning speed. Since it is crucial not to miss a good opportunity, it is advisable to work with experienced real estate agents, especially in the period leading up to the construction of new properties.

Price policy for apartments

The prices for apartments vary widely. For example, one of the major developers has the following price structure per square meter:

• from$1000to$1700— segment D;
• from$1700to$2300- Segment C;
• Segment B starts from$4300;
• Segment A can reach$11400per square meter.

At the same time, more affordable apartments can be found in Phuket, whereas the metropolitan region will require a willingness to invest in more expensive and upscale properties, making selection and analysis more challenging.

Trends in the tourist real estate market in Thailand

In recent years, the demand for tourist real estate in Thailand has noticeably increased, particularly in popular resorts like Phuket and Pattaya. Despite certain changes brought about by the COVID-19 pandemic, by 2023, there has been a recovery in tourist activity, especially in Phuket. Pattaya, on the other hand, is still experiencing the aftermath of the crisis caused by the coronavirus. The prolonged recovery process can be attributed to factors such as a shortage of workers, changes in the composition of tourist flows, a reduction in the number of flights, and the lack of its own airport.

Attractiveness of Pattaya for investors

Pattaya has traditionally been an attractive place to invest in real estate due to its affordable prices. However, this often comes with issues over the quality of the accommodation. With the number of tourists not yet reaching pre-war levels, the risk of buying a property of dubious quality becomes particularly acute. For example, an apartment that used to be popular with tourists during the peak season will be much harder to sell or rent if it is poorly located or not of the right build quality.

Real estate listings in Pattaya

As of today, there are many real estate properties available in Pattaya. For example:

• 683 offers with rates from54,000 dollars.for the new residential complex, which includes an indoor pool and is located with a sea view, scheduled for completion in2026..
• A high-rise building with186 apartmentslocated just in200 metersfrom Jomtien Beach, where the cost starts from113,000 dollars.
• A cozy three-story residence with899 apartmentsin the very center of Pattaya, where prices start from56,000 dollars.and the submission is scheduled for2028 year.
• Spacious apartments in luxury high-rise complex with water park and restaurants with prices from83,000 dollars.

Guaranteed returns for investors

Many developers offer potential clients an interesting opportunity — a guaranteed return in the range of5 to 7%in the first years after the facility is completed. This allows to reduce risks and ensure stability of investment profits. Given the current trends in the real estate market in Phuket and other popular tourist locations, investors can count on:

• Decent income that can reach30%when investing early on.
• The possibility of high-yield short-term rental, which can provide up to10%gross income per year.

Prospects for investment in tourist real estate

In general, despite the existing challenges, the development of the tourist real estate sector in Thailand remains a promising investment option. Investors should closely monitor market changes to build their investment portfolio, making the most of available opportunities. It is important to pay attention to both promising locations for property development and the quality of the properties to avoid situations where real estate loses its appeal for rental or resale. With careful selection of properties, Phuket and Pattaya can still offer attractive opportunities for investors.

Financing of construction projects in Phuket

On the island of Phuket, developers generally prefer not to rely on bank loans for their construction projects. Financing is carried out using the developers' own resources, which allows them to cover the main costs. These costs include purchasing land, designing buildings, obtaining necessary permits, and starting construction work. Additionally, part of the funds comes from advance payments from buyers, which provides a unique opportunity for clients: they can receivediscounts up to 30%on his real estate.

The benefits of a secluded getaway

Elena Milishenkova, the commercial director of the Khao Lak resort located in Phang Nga province, emphasizes that this place remains relatively unknown to most foreign tourists. This characteristic makes it appealing to those seeking solitude and tranquility away from the hustle and bustle of the city.

Real estate in Phuket: a variety of options

The Phuket real estate market offers many interesting options. For example, there are over620 adswhere prices start from$1,146,000.for a new residential complex with premium villas in the Thep Kasattri area, scheduled for completion in 2025. You can also find offers starting from789,000 dollarsfor a duplex villa with large swimming pool and well maintained garden, located in close proximity to the golf clubs and beach in Pasak. This villa offers spaciousness in488 m²and includes4 bedrooms.

Other interesting options

• A three-level premium class villa with a private pool, priced at$683,000., with an area of228 m²includes3 bedrooms.

New investment opportunities

Phuket continues to open new investment opportunities, including the construction of an elite residential complex with excellent infrastructure near Bang Tao Beach. Its completion is scheduled for2026and among the available options789 apartmentsstarting from723,000 dollarsfor modern villas with swimming pools and relaxation areas.

• A new residential complex built inin the year 2023, offering51 residential offersfor1,594,000 dollars.
• Exclusive residential complex within walking distance to Bang Tao, including400 apartmentsfrom the price of173,000 dollars.
• A large resort condominium on the first line of Nai Ton beach offering251 apartment.

Investment prospects in emerging markets

In terms of investment opportunities, there are many emerging markets of interest. This applies to lesser known destinations such as Hua Hin and Chiang Mai, as well as more popular resorts that have not yet reached a stage of maturity, such as Samui, Krabi and Phang Nga. These regions, like Bangkok, require investors to be highly competent and able to distinguish their own preferences from the needs of tenants, which in turn will generate rental income.

Real estate in Samui

In Samui, there are 95 property options available, starting from the amount of$115,000In this selection, you can find spacious apartments and villas, many of which offer the opportunity to enjoy private pools. The properties are located just 900 meters from the beautiful Lamai Beach in Thailand. In this very area, you can choose from 25 properties, with prices starting from$132,000These are furnished apartments and villas with private pools and a wonderful sea view, located in a quiet and peaceful setting close to Lamai Beach.

Villas and apartments

In addition, there are 16 options for sale of an impressive villa, the price of which is$676,000This villa features magnificent pools and offers stunning panoramic views of the sea. Its total area reaches320 m²and the size of the land plot is700 m².

It is also worth paying attention to tropical villas with pools that are just a few steps away from Plai Laem Beach. The minimum price for such properties starts at$275,000and the total area is116 m², supplemented by a section in260 m².

Building villas

There is also a presence of a luxurious villa on the market, which is priced at$687,000and is under construction, with a total area of625 m²and the plot occupies678 m².

The new initiative involves traditional villas in the Chaweng beach area, with prices starting from$570,000The total area of such villas is220 m²The area of land is similar to this figure.

Villa complexes

If you're looking for something more expansive, consider a complex of six villas with pools located near Chaweng Beach – its price reaches$6,000,000and the area of the land plot is2912 m²Additionally, there are 15 more offers starting from$168,000for a complex of villas with pools surrounded by the beaches of Samui.

Investment outlook

One of the main advantages of emerging markets is the opportunity to invest in assets whose value can either remain stable or significantly increase over time.

Introduction to the concept of long-term rental of villas and condominiums

Villas are typically offered for long-term rental for a period of up to 30 years, with an option to extend for another 30 years, which is essentially a form of leasing. Additionally, apartments in condominiums can also be sold under a similar scheme, making them quite attractive to buyers.

What is a condominium?

It should be noted that the term "condominium" translates to "joint ownership." This emphasizes that it refers to a form of ownership rather than a specific architectural style. In practice, there are no restrictions for developers in creating condominiums in the format of low-rise complexes, where apartments can resemble townhouses or villas. However, such projects are relatively rare, and similar properties generate significant interest among clients.

Current offers in Phuket

Currently, there are 76 real estate properties available in Phuket related to the sale of condominiums. For example:

• Spacious one-bedroom apartmentOn Surin Beach, total area 39 m², price $117,000.
• Apartment in a modern residential complexOn Patong, with an area of 222 m² and a view of the bay, priced at $546,000. The complex has a swimming pool, gym, and parking.
• One-bedroom studioBetween Surin and Bann Kata beaches for $191,000, area 36 m².

Alternative housing options

In the prestigious areas of Phuket, you can also find great deals.

• Two-bedroom apartmentNot far from Bannka Tao beach, price $356,000.
• Fully furnished one-bedroom apartment200 meters from Rawai Beach, priced at $152,000, with an area of 42 m².
• Apartment for $202,000On the border between Surin and Bann Kata beaches, an area of 57 m².
• Exclusive complexesnext to Nai Yang beach, where a one-bedroom studio can be purchased for $128,000.

Prices for villas and townhouses

As for villas and townhouses, their prices are traditionally higher. The minimum price starts from:

• $300,000 for a small house;
• Studios can be purchased for $110,000 or even less.

From the perspective of long-term investments, villas can provide a higher rental income, although there can also be cases with low income. Condominiums generally show a narrower range of returns. It is usually reasonable to expect an income of around 10% per year on the invested capital.

Advantages of investing in real estate in Phuket

Phuket attracts the attention of Russian clients due to the variety of offerings in different price segments:

• The minimum price for real estate in developing areas is only $110,000.
• In resort areas with a high level of service, prices start at $330,000.

It has been observed that new buildings in Phuket, regardless of their class, show a stable increase in value during the construction phase, reaching 10-15% per year, and also provide a stable rental income averaging 7-8% annually.

Elena Milishenkova, an entrepreneur, is analyzing recent trends in property management and emphasizes that self-management of real estate is gradually taking a back seat. This phenomenon proves to be beneficial not only for developers but also for investors and tenants. One of the key features of the current market is the transfer of various management tasks from property owners to professional management companies.

Development of modern real estate properties

Modern real estate properties designed for short-term rentals are already being developed with future management by a qualified hospitality management company in mind during the design phase. Today, many of these complexes are directly associated with well-known hotel brands, such as Wyndham or Banyan Tree. This significantly increases trust from potential renters and also boosts profitability for owners.

Challenges of self-management

Managing rental properties without the help of professional managers requires a wide range of skills that go beyond basic marketing. For example, properties located in tropical areas face unique challenges related to high humidity and temperatures. If the property is near the sea, it is important to consider the impact of the marine climate on the condition of the home.

Regular maintenance and repair work requires:

• Attracting specialists on-site,
• Searching for an outsourcing accountant for tax obligations.
• Constant monitoring of changes in legislation.

Advantages of professional management companies

Professional management companyIt can take on all the risks associated with managing assets, as well as bear responsibility for fulfilling obligations. This means that the investor is guaranteed protection in the event of any unforeseen circumstances and can rely not only on the support of their management company but also on the protection of their interests alongside other clients of this operator.

Nuances of renting

Every type of rental, whether short-term or long-term, has its own characteristics. It is worth noting that investments in resort real estate are most often associated with short-term rentals of apartments or villas, which allows for achieving a maximum income level of around 10%, a goal that has become quite realistic for many investors. In contrast, long-term rentals often include subletting conditions in the contracts, making them similar to short-term rentals, but in this case, the tenant acts as an individual rather than a legal entity.

Long-term rental as an alternative

Nevertheless, this does not mean that purchasing a villa or apartment with the intention of long-term rental is pointless. In Phuket, you can find several favorable locations where this method of generating income is justified and can be quite profitable. Thus, the choice of the optimal property management strategy and rental format depends on the specific goals and circumstances of each investor.

Investing in housing in Phuket may turn out to be less profitable compared to short-term rentals, even with stable rental demand throughout the year. However, such an investment can be a reliable way to preserve capital. This could be a sensible option for those planning to invest no more than $110,000.

In the central part of the island, rental prices are relatively low, and such properties may turn out to be less profitable compared to resort properties. However, this type of accommodation is easy to rent out long-term, especially to seasonal tourists, which allows for an income ranging from $300 to $500 per month.

Unlike renting property on the coast, where income can range from $1,000 to $2,500, finding an apartment on the coast for around $70,000 will be much more challenging, although such offers are available in the central areas of the island.

Place of real estate purchase

Svetlana Romanyuk, a leading specialist in Phuket, emphasizes that the choice of location for purchasing real estate directly depends on the intended type of rental. If your goal is to rent out property to tourists for short stays, the best options will be areas on the west coast, such as:

• Nai-Kharn
• Mai Khao
• Karon
• Patong
• Surin
• Bang Tao
• Nai Yang
• Nai Ton

If you are planning accommodation for personal use or for renting to expats, you might consider other areas located in the center or the east of Phuket, for example:

• Katu
• Witch
• Chalong

Options for beginners

One of the best options for a beginner who doesn't know which place is suitable for living could be a studio in a condominium in the central part of Phuket. This way, an apartment in this format would be a good choice for a new expat on a limited budget who is looking for a comfortable lifestyle.

Svetlana Romanyuk also emphasizes Bang Tao, where new properties are currently being actively built. These are not located very close to the sea but are marketed as housing near the beach.

Offers in Bang Tao

In Bang Tao, there are 116 real estate options starting from $111,000, including a new elite residential complex with developed infrastructure, which will be located just a few minutes from Bang Tao Beach and is scheduled for completion in 2026. This complex will feature a total of 789 apartments, with prices starting at $1,594,000.

A new project with luxurious villas and pools is also being built in Talang, featuring 51 offerings starting from $182,000, and is scheduled for completion in 2023.

In Bang Tao, a new exclusive residential complex is also being built with beach access, offering 400 apartments starting at $157,000. Additionally, a new turnkey studio apartment has appeared in the same area, priced at $132,000 and located 700 meters from the beach.

The total area of this studio is 30 square meters. Similarly, a residential complex with pools, a fitness center, and a tropical garden is located 850 meters from Bang Tao Beach and is also expected to be completed by 2025, with prices starting at $132,000.

Investment apartments in Phuket

Currently, there are 231 apartments available in the offer, with prices starting from $131,000. This complex is an investment condominium that adheres to environmental principles and offers a guaranteed income of 5% per year.

It is located in Layan, on the island of Phuket in Thailand, with construction expected to be completed in 2027. A new residential complex is also available, within walking distance of Bang Tao Beach, consisting of 273 apartments, with prices starting from $161,000; the planned completion date for this project is set for 2025.

Modern apartments

Among the listings, you can find modern and spacious apartments, with prices starting at $202,000. They are located in picturesque areas, not far from the wonderful beaches of Layan, with construction expected to be completed by 2027.

The Italian program offers 128 investment properties in this area that can provide investors with a stable income.Investing in real estate in ThailandThis usually leads to price increases over time and allows for rental income until the moment of resale.

The popularity of Thai real estate

The popularity of Thailand has been made possible by the diversity offered by the real estate market and the option to choose between renting and resale. In Phuket, resort properties are in demand and allow owners not only to earn rental income but also to increase the value of their apartments.

The relationship between income and price growth

These two aspects are closely interconnected: apartments or houses with high rental income tend to see an increase in prices.

Investment analysis

The success of investments largely depends on the ability to timely find suitable properties for acquisition. When making a purchasing decision, owners looking for apartments for personal use may miss out on profitable offers due to excessive focus on details, such as the choice of tiles or finishes.

At this time, investors are actively exploring the demand for rental properties and responding to high interest by making purchases.

Advantages of early acquisition

The first steps in acquiring real estate can be seen as the first success on the path to successful financial investments. Sometimes, by the time construction is completed, the value of the property can increase by 30%. In some projects, there is an opportunity for a quick sale of the apartment with a profit even when it is not officially finished yet.

Risks of decreased attractiveness

Nevertheless, it is important to remember that over time, the appeal of an object may diminish for reasons beyond its control.Changes in the preferences of potential tenantsThe emergence of new trends or the construction of new residential complexes can distract customers' attention.

Thus, many investors prefer to lock in their profits when certain targets are reached. This is similar to how traders operate in the forex market; at the moment when a property reaches the desired level of return, it makes sense to sell it and secure the profit obtained.

Real estate concept

Typically, developers determine the concept of the property in advance: whether it will be intended for permanent residence or for short-term rental. In the first case, it is a typical apartment that can be rented out independently or through a management company.

Therefore, the approach to investments requires careful analysis of both internal expectations regarding housing and the current market situation.

Investments in hotel rooms

In the second option, the investor essentially becomes the owner of a unit in a future hotel complex, which is most often managed by a popular hotel brand. The main advantage of such projects is that the entire system is designed to ensure high profitability. However, there are also some drawbacks: to increase profitability, the developer and management company may impose various restrictions, such as limits on the duration of the owner's stay, as well as strict requirements for interior design that must be adhered to.

Ways to generate income from rental properties

There are various ways to generate income from rentals, among which guaranteed returns and pool rentals can be highlighted. Nowadays, many investors often offer guaranteed income at the initial stage when the project has not yet gained popularity among tourists. After that, they switch to pool rentals, where the returns depend on actual revenues.

• The normal guaranteed return is from5 to 7%from the initial investments over the course of a year.
• If an object becomes in demand, rental income in the pool can reach9%and above.
• Even relatively affordable condominiums in Phuket often have their own swimming pools and other infrastructure elements necessary for the residents' comfortable stay.

Timely real estate purchase

One of the main factors for increasing investment profitability in Thailand is the timely purchase of real estate. In the early stages, when a project is just starting to develop and construction work has not yet begun, developers offer the most favorable conditions for acquisition:

• The cost may decrease by30%compared to the subsequent stages.
• Furniture can be provided completely free of charge.
• The terms of the installment plan can be significantly more favorable.

The interest of developers in attracting investors to a new project makes discounts for those who make quick decisions beneficial for both them and the clients.

Interest-free installment plan

It's also important to consider the possibility of interest-free installments from the developer, which is quite common. Considering that the inflation rate in Thailand usually fluctuates between2 to 3%In a year, developers can afford to offer such conditions. Moreover, most developers realize that obtaining a mortgage for foreigners in Thailand is not an easy task, so projects aimed at overseas buyers are immediately designed with this feature in mind.

Regular prices at the Thai market may be cheaper, but they often do not include the option for interest-free financing.

Opportunities in the real estate market

Some developers in Phuket, in addition to rental income, offer the opportunity to use the property as a financial instrument. This opens up new prospects for investors who want to earn not only rental income but also have the option for further financial operations with the property. Thus, the real estate market in Thailand offers a wide range of opportunities for those looking to invest their funds with the aim of generating stable income. In this context, a knowledgeable approach to choosing the timing and conditions for purchasing real estate remains a crucial factor.

Conclusion

In conclusion, it can be confidently stated that Thailand's economy truly represents an island of stability in the developing Southeast Asian region. Amid global economic changes and instability, this market demonstrates significant advantages that make it attractive to investors.

It is worth noting that the choice of investment object is no less important than the country itself: every investor should take into account the characteristics of local markets, both emerging and already established.

Tourism and economy

The tourism sector remains one of the main drivers of the economy, attracting millions of visitors each year, which in turn supports the demand for rental properties. It is important to note that the impact of the coronavirus pandemic on the economy was significant; however, the steady growth in the number of tourists confirms that Thailand is capable of adapting to changes and finding new sources of income.

Advantages of investments

Even in the face of global challenges such as currency fluctuations and changes in tourism flows, Thailand remains a preferred destination for foreign investors. The combination of quality infrastructure, a developing market, and high demand for real estate makes the country attractive for both long-term and short-term investments.

Key points:

• Economic stability:Economic indicators show growth even in the context of global crises.
• Attractive tourist market:Millions of tourists create demand for real estate every year.
• Investment opportunities:A wide selection of properties on the market, suitable for both short-term and long-term investments.

Final thoughts

So, investing in real estate in Thailand is not just a game of chance, but a measured and thoughtful decision. I hope this article helps investors better understand the advantages and risks associated with investing in this dynamic and thriving country. Ultimately, the key to success in investments is knowledge, analysis, and the right choice of the market that will be part of your financial portfolio for many years to come.