The property market is in an interesting phase at the moment, with all that is going on in the world at the moment people go one of two ways, either completely risk adverse or looking for the next opportunity of securing a bargain, better still making some money. Thailand is going through a period of change as we speak so if you are thinking of moving there to live or already rent a home and want to buy, now looks like it could be a good time.
A bit of background
As we all know the world is going through some change at the moment, in some cases drastically, but we don’t tend to hear about that on the news. The current uncertainty and closure of business or reduced opening hours, travel restrictions etc has meant that, people have lost jobs, their homes, possessions and way of life. Some areas are completely deserted as people have had to retreat back to the family home to look after each other due to loss of earnings and or other worries.
From a financial perspective people will either increase prices to make up for their losses, but sales are incredibly hard to secure with that mentality or, they reduce prices and hope to sell more, the latter is better for buyers as you could snap up a real deal.
Where to buy?
If you have ever lived or been to Bangkok you will know that it is not for everyone, but it is a useful place to be near, if you want the benefit of being able to drive to Bangkok within a couple of hours and have the benefit of living somewhere slightly more rural then you have to look at the surrounding areas. Chon Buri is a perfect example, developers such as A-West Property have some examples to choose from https://www.a-westproperty.co.th/ that are not too far from Bangkok, but are in more rural areas, with rural areas usually come more affordable prices, in Thailand anyway. You have the benefit of being near beaches and not too far from the big city, the best of both worlds.
Probably the best question and one that is ever changing so you would need to seek the advice of a specialist lawyer who can help you through the process, things to bear in mind is that there are laws with regards what foreigners can and cannot own entirely in terms of land and or property. You will need to be sure of the ins and outs before even considering a purchase.