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* List your property - it's free * Sign up or Log in * English- en * English-En * ภาษาไทย-Th * Deutsch-De * Español-Es * Français-Fr * 日本語'-Ja * 한국어-Ko * Русский-Ru * 简体中文-Zh * EUR - € Loading... No Data * Buy * Thailand Property For Sale * Condos * Houses * Villas * Land Plots * Townhouses * Penthouses * Apartments * Hotels & Resorts * Shophouses * Offices * Warehouses & Factories * Retail spaces * Thailand Real Estate * Commercial Real Estate * Investment Real Estate * Luxury Real Estate * Affordable Real Estate * Overview * Projects * See Newest Listings * Why Buy with FazWaz * Rent * Thailand Property For Rent * Condos * Apartments * Houses * Villas * Townhouses * Offices * Penthouses * Warehouses & Factories * Shophouses * Retail spaces * Hotels & Resorts * Bars * Thailand Market Overview * Commercial Real Estate * Luxury Real Estate * Affordable Real Estate * See Newest Rentals * List your Rental * Sell * Thailand * Post a Property for Sale * How Much Is My Home Worth? * Why Sell with FazWaz * Partner Agent Program * Projects * Project Directory * Bangkok * Phuket * Pattaya * Hua Hin * Koh Samui * Chiang Mai * Advice Any Price Beds Property Type Features More Save Search Reset Search PROPERTY FOR SALE IN THAILAND 42,548 PROPERTIES AVAILABLE ON FAZWAZ Show Map Completion Status: All Off Plan Ready To Move-In Sort: Recommended Sort: New Listings First Sort: Price (low to high) Sort: Price (high to low) Sort: Best Value for Money Sort: Biggest Price Reduction (%) Sort: Highest Rental Yields Sort: With 3D Tour First Sort: Living Area Sort: Bedrooms Sort: Plot Size Sort: Completion Date Sort: Price per SqM Sort: Last Updated Bangkok 18,427 Properties Phuket 5,826 Properties Chon Buri 5,637 Properties Chiang Mai 3,114 Properties Prachuap Khiri Khan 2,202 Properties Surat Thani 1,252 Properties Nonthaburi 1,129 Properties Samut Prakan 1,003 Properties Phetchaburi 776 Properties Pathum Thani 629 Properties Nakhon Ratchasima 208 Properties Rayong 198 Properties Phangnga 194 Properties Krabi 172 Properties Nakhon Pathom 116 Properties Chiang Rai 105 Properties Samut Sakhon 87 Properties Udon Thani 83 Properties Khon Kaen 80 Properties Songkhla 72 Properties Ratchaburi 62 Properties Kanchanaburi 62 Properties Phitsanulok 61 Properties Trat 60 Properties Phra Nakhon Si Ayutthaya 48 Properties Chachoengsao 46 Properties Prachin Buri 44 Properties Ubon Ratchathani 43 Properties Lamphun 39 Properties Nakhon Sawan 37 Properties Lampang 37 Properties Suphan Buri 37 Properties Nakhon Si Thammarat 36 Properties Saraburi 34 Properties Loei 31 Properties Lop Buri 29 Properties Trang 25 Properties Chaiyaphum 25 Properties Nan 24 Properties Chai Nat 24 Properties Phetchabun 24 Properties Maha Sarakham 24 Properties Buri Ram 23 Properties Nong Khai 23 Properties Chumphon 23 Properties Sakon Nakhon 22 Properties Nakhon Nayok 21 Properties Chanthaburi 20 Properties Surin 19 Properties Phrae 19 Properties Phayao 17 Properties Pattani 13 Properties Mae Hong Son 13 Properties Sa Kaeo 12 Properties Nakhon Phanom 12 Properties Uttaradit 12 Properties Mukdahan 11 Properties Sukhothai 11 Properties Kamphaeng Phet 10 Properties Kalasin 10 Properties Roi Et 8 Properties Ang Thong 8 Properties Ranong 8 Properties Samut Songkhram 7 Properties Phatthalung 7 Properties Yasothon 7 Properties Phichit 7 Properties Satun 7 Properties Amnat Charoen 6 Properties Uthai Thani 6 Properties Nong Bua Lam Phu 6 Properties Tak 5 Properties Bueng Kan 5 Properties Si Sa Ket 3 Properties Sing Buri 3 Properties Yala 2 Properties See All Baan Suan Thada Kaeng Loeng Chan, Mueang Maha Sarakham, Maha Sarakham, Thailand €66,100 (€646/SqM) 3 Bedroom House for sale at Baan Suan Thada This property is a 100 SqM house with 3 bedrooms and 2 bathrooms that is available for sale. It is part of the Baan Suan Thada project in Kaeng Loeng Chan, Maha Sarakham. You can buy this house f... Details: 3 Bedroom(s) 2 Bathroom(s) 100 SqM Property Type: House Year Built 2012 Garden View Unblocked Open View Private Garden Terrace Covered Parking Pets: All Kind of Pets Allowed Request Details See All Kaengsueaten village Nong Bua, Phatthana Nikhom, Lop Buri, Thailand €52,900 (€427/SqM) 3 Bedroom House for sale at Kaengsueaten village This property is a 121 SqM house with 3 bedrooms and 2 bathrooms that is available for sale.. You can buy this house for a base price of €52,900 (€427/SqM). It is located in Nong Bua, Lop Buri Details: 3 Bedroom(s) 2 Bathroom(s) 121 SqM Property Type: House Year Built 2019 Garden View Unblocked Open View Private Garden Terrace Covered Parking Pets: All Kind of Pets Allowed CAM Fee: €26/mo Request Details See All Lamphun Land and House Ton Thong, Mueang Lamphun, Lamphun, Thailand €42,300 (€268/SqM) 2 Bedroom House for sale at Lamphun Land and House This property is a 154 SqM house with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the Lamphun Land and House project in Ton Thong, Lamphun. You can buy this house&nb... Details: 2 Bedroom(s) 2 Bathroom(s) 154 SqM Property Type: House Year Built 1991 Garden View Unblocked Open View Private Garden Terrace Covered Parking Pets: All Kind of Pets Allowed Rent: €159/mo | ROI: 5% Request Details See All Single house for Sale 3 Rai with resort style listed 2 weeks ago Updated 1 week ago Phrai Nok Yung, Hankha, Chai Nat, Thailand €71,400 (€1,570/SqM) Studio House for sale in Thailand . You can buy this house for a base price of €71,400 (€1,570/SqM). and was completed in Dec 2022This property is a 45 SqM studio house with 2 bathrooms that is available for sale. It is loca... Details: Studio 2 Bathroom(s) 45 SqM Property Type: House Year Built 2022 Lake View River or Canal View Rooftop Terrace Private Garden Updated: 1 week ago Request Details See All Modern Style Detached House near Government Center Updated 6 days ago That Choeng Chum, Mueang Sakon Nakhon, Sakon Nakhon, Thailand €44,700 (€645/SqM) 2 Bedroom House for sale in Thailand This property is a 69 SqM house with 2 bedrooms and 1 bathroom that is available for sale.. You can buy this house for a base price of €44,700 (€645/SqM). and was completed in Apr 2023 It is... Details: 2 Bedroom(s) 1 Bathroom(s) 69 SqM Property Type: House Year Built 2023 City View Garden View Fully Renovated Private Garden Covered Parking Updated: 6 days ago Request Details See All Townhouse for Rent and Sale in the Center of Nong Khai City Pho Chai, Mueang Nong Khai, Nong Khai, Thailand €25,900 (€333/SqM) 2 Bedroom Townhouse for sale in Thailand This property is a 76 SqM townhouse with 2 bedrooms and 2 bathrooms that is available for sale.. You can buy this townhouse for a base price of €25,900 (€333/SqM) and it is al... Details: 2 Bedroom(s) 2 Bathroom(s) 76 SqM Property Type: Townhouse Market 48.43 km City View Terrace Covered Parking Pets: Cats and Dogs (all sizes) Request Details Don't miss out! Get notified when new properties for sale are listed in Thailand Create Alert See All Land for Sale in Khanu Woralaksaburi Updated 1 month ago Salok Bat, Khanu Woralaksaburi, Kamphaeng Phet, Thailand €15,900 (€27/SqM) Land for sale in Thailand . You can buy this land for a base price of €15,900 (€27/SqM).This property is a 560 SqM land plot that is available for sale. It is located in Salok Bat, Kamphaeng Phet Details: 560 SqM Property Type: Land Garden View Unblocked Open View Updated: 1 month ago Request Details See All House for Sale 4 bedrooms, 4 bathrooms Nong Kom Ko, Mueang Nong Khai, Nong Khai, Thailand €55,500 (€288/SqM) 4 Bedroom House for sale in Thailand This property is a 190 SqM house with 4 bedrooms and 4 bathrooms that is available for sale.. You can buy this house for a base price of €55,500 (€288/SqM). and was completed in Jan 2012 It... Details: 4 Bedroom(s) 4 Bathroom(s) 190 SqM Property Type: House Market 44.21 km Year Built 2012 Garden View Covered Parking Request Details See All Beautiful Country House in Quiet and Natural Surroundings Updated 1 month ago Khlong Nam Sai, Aranyaprathet, Sa Kaeo, Thailand €209,000 (€687/SqM) 3 Bedroom House for sale in Thailand Spacious house on 2,5 Rai plot in a very nice village "Klongnamsai" Huge garage and storage. Guest bedroom and bathroom next to garage. Build by foreigner with all the comfort you need.Ver... Details: 3 Bedroom(s) 3 Bathroom(s) 300 SqM Property Type: House Year Built 2015 Garden View Unblocked Open View Private Garden Terrace Full Western Kitchen Updated: 1 month ago Request Details See All A Beautiful House for Sale in Mueang Chaiyaphum Ban Khai, Mueang Chaiyaphum, Chaiyaphum, Thailand €66,100 (€587/SqM) 3 Bedroom House for sale in Thailand A beautiful country villa with 3 bedrooms and 1 large bathroom is for sale in Baan Keng Noi, at the Ban Khai District of Chaiyaphum. Stunning complete house with many possibilities and a large walled... Details: 3 Bedroom(s) 3 Bathroom(s) 110 SqM Property Type: House Shopping Mall 74.36 km Year Built 2000 Garden View Unblocked Open View Private Garden Terrace Outdoor Sala Request Details See All 2-2-17 Rai Vacant Land for Sale next to Pa Sak River Nakhon Luang, Nakhon Luang, Phra Nakhon Si Ayutthaya, Thailand €436,000 (€76/SqM) Land for sale in Thailand Vancant Land, good location, next to the Pa Sak River, area 2-2-17 Rai. - Land facing north, green plot of land - Width 64 x 70 meters, road width 4 meters convenient transportation Suitable for buyin... Details: 5,600 SqM Property Type: Land Shopping Mall 53.19 km River or Canal View Garden View Request Details See All European Style House for Sale in Mueang Si Sa Ket Nong Khrok, Mueang Si Sa Ket, Si Sa Ket, Thailand €179,000 (€937/SqM) 3 Bedroom House for sale in Thailand Located in a quiet road in Nong Khrok Sisaket, this location is ideal being close to shops and restaurants, schools, sports stadium and government offices. The land is divided into 2 areas the ho... Details: 3 Bedroom(s) 2 Bathroom(s) 186 SqM Property Type: House Year Built 2016 Garden View Unblocked Open View Private Garden Terrace Balcony Updated: 10 months ago Request Details See All Land for Sale near Hua Thanon Khanom, Khanom, Nakhon Si Thammarat, Thailand €50,200 (€117/SqM) Land for sale in Thailand LAND 420 SQM HUA THANONwalking distance from the beachenclosed by wallsready to builtfreehold Details: 420 SqM Property Type: Land Beach 30.22 km Unblocked Open View Request Details See All 6 Bedroom House Close To The Beach For Sale Khlong Khut, Tha Mai, Chanthaburi, Thailand €172,000 (€1,200/SqM) 6 Bedroom House for sale in Thailand This property is a 140 SqM house with 6 bedrooms and 2 bathrooms that is available for sale.. You can buy this house for a base price of €172,000 (€1,200/SqM). and was completed in Nov 2008 ... Details: 6 Bedroom(s) 2 Bathroom(s) 140 SqM Property Type: House Year Built 2008 Ground Floor Mountain View Garden View Private Garden Terrace Full Western Kitchen Updated: 2 years ago Request Details See All Country House with Land For Sale in Nong Bua Lam Phu Han Na Ngam, Si Bun Rueang, Nong Bua Lam Phu, Thailand €264,000 (€1,440/SqM) 3 Bedroom House for sale in Thailand This property is a 180 SqM house with 3 bedrooms and 3 bathrooms that is available for sale.. You can buy this house for a base price of €264,000 (€1,440/SqM) and it is also a... Details: 3 Bedroom(s) 3 Bathroom(s) 180 SqM Property Type: House Airport 70.22 km Year Built 2009 Mountain View Garden View Private Garden Terrace Covered Parking Pets: All Kind of Pets Allowed Updated: 3 years ago Request Details See All Ko Phayam / Top Location 2 Rai/3200 Sqm / Near Ao Yai Beach listed 3 weeks ago Updated 1 week ago Ko Phayam, Mueang Ranong, Ranong, Thailand €31,700 (€10/SqM) Land for sale in Thailand 1.2 Mil THB for 2 Rai (3200 sqm) 600.000 THB baht per rai, suitable for hotel, resort or foreign house, peaceful and pleasant, next to the road, only 4 min to the beachWith Sea ViewsOn „Ko Phaya... Details: 3,200 SqM Property Type: Land Mountain View Partial Sea View Updated: 1 week ago Request Details See All Blu Marina Villa Saphli, Pathio, Chumphon, Thailand €217,000 €251,000 (€706/SqM) 4 Bedroom Villa for sale at Blu Marina Villa Chumphon is a door to the South of Thailand and a city with a long Historical background. There are 8 districts – Mueang, Lang Suan, Sawi, Tha Sae, Pathew, Lamae, Phato, and Tung Tako Chumphon Attract... Details: 4 Bedroom(s) 5 Bathroom(s) 300 SqM Property Type: Villa Year Built 2015 Sea View Park View Beachfront Private Pool Jacuzzi CAM Fee: €26/mo Updated: 1 year ago Request Details See All Land for Sale near Motorway listed 1 month ago Khao Din, Bang Pakong, Chachoengsao, Thailand €2,250,000 (€51/SqM) Land for sale in Thailand Vacant land for sale. The entrance is 7 meters wide, A large area suitable for a factory, Only 2 kilometers from the Motorway. Details: 42,660 SqM Property Type: Land Shopping Mall 22.93 km River or Canal View Unblocked Open View Request Details Why buy with Us? Find out how buying with FazWaz differs from buying with a traditional agent. Learn more See All Single House with 272 Sqw Land for Sale in Bangplama Ongkharak, Bang Pla Ma, Suphan Buri, Thailand €47,600 (€266/SqM) 3 Bedroom House for sale in Thailand This property is a 175 SqM house with 3 bedrooms and 2 bathrooms that is available for sale.. You can buy this house for a base price of €47,600 (€266/SqM). and was completed in Apr 2017 It... Details: 3 Bedroom(s) 2 Bathroom(s) 175 SqM Property Type: House Bus Terminal 17.06 km Year Built 2017 River or Canal View Garden View Private Garden Terrace Balcony Request Details See All The WIND flow I San, Mueang Buri Ram, Buri Ram, Thailand €113,000 (€739/SqM) 3 Bedroom House for sale at The WIND flow This property is a 150 SqM house with 3 bedrooms and 1 bathroom that is available for sale. It is part of the The WIND flow project in I San, Buri Ram. You can buy this house for a base price of... Details: 3 Bedroom(s) 1.5 Bathroom(s) 150 SqM Property Type: House Year Built 2023 Pool View Garden View Private Pool Private Garden Terrace Pets: All Kind of Pets Allowed CAM Fee: €33/mo Request Details See All Seaview Pool Villa in Koh Mak on 2 RAI Oceanfront Land Ko Mak, Ko Kut, Trat, Thailand €288,000 €381,000 (€1,660/SqM) 3 Bedroom Villa for sale in Thailand Contact Owner: +66998733577Take your chance to get your hands on this unique property, priced for immediate sell!A 3-bedroom seaview villa situated on 2 rai of chanote land, which is mostly flat but t... Details: 3 Bedroom(s) 2 Bathroom(s) 170 SqM Property Type: Villa Sea View Garden View Private Pool Private Garden Terrace Updated: 6 months ago Request Details See All Saranrome Home Great Price Saen Suk, Warin Chamrap, Ubon Ratchathani, Thailand €44,700 (€364/SqM) 3 Bedroom House for sale at Saranrome Home This property is a 120 SqM house with 3 bedrooms and 2 bathrooms that is available for sale.. You can buy this house for a base price of €44,700 (€364/SqM). It is located in Saen Suk, Ubon Ratcha... Details: 3 Bedroom(s) 2 Bathroom(s) 120 SqM Property Type: House Year Built 2021 Garden View Private Garden Covered Parking Pets: All Kind of Pets Allowed Request Details See All Lio Phetkasem 81 Suan Luang, Krathum Baen, Samut Sakhon, Thailand €68,500 (€380/SqM) 4 Bedroom Townhouse for sale at Lio Phetkasem 81 This property is a 176 SqM townhouse with 4 bedrooms and 2 bathrooms that is available for sale.. You can buy this townhouse for a base price of €68,500 (€380/SqM) and it is a... Details: 4 Bedroom(s) 2 Bathroom(s) 176 SqM Property Type: Townhouse Year Built 2018 City View Unblocked Open View Terrace Corner Unit Balcony Pets: Cats Only Rent: €291/mo | ROI: 5% Request Details See All Urgent Sale 3BR Townhouse for Sale Ready to Move In Updated 1 month ago Khao Rup Chang, Mueang Songkhla, Songkhla, Thailand €7,930 (€69/SqM) 3 Bedroom Townhouse for sale in Thailand This property is a 112 SqM townhouse with 3 bedrooms and 3 bathrooms that is available for sale.. You can buy this townhouse for a base price of €7,930 (€69/SqM). and was completed in Jul 2017&nb... Details: 3 Bedroom(s) 3 Bathroom(s) 112 SqM Property Type: Townhouse Year Built 2017 Unblocked Open View Terrace Balcony Covered Parking Updated: 1 month ago Request Details Track your deal from start to close in one place See All The Landmark Petchabun Nai Mueang, Mueang Phetchabun, Phetchabun, Thailand €65,900 (€527/SqM) 3 Bedroom House for sale at The Landmark Petchabun This property is a 122 SqM house with 3 bedrooms and 2 bathrooms that is available for sale.. You can buy this house for a base price of €65,900 (€527/SqM). It is located in Nai Mueang, Phetchabu... Details: 3 Bedroom(s) 2 Bathroom(s) 122 SqM Property Type: House Year Built 2022 Garden View Terrace Covered Parking Pets: All Kind of Pets Allowed Request Details See All Land and House for Sale in Namnao Khok Mon, Nam Nao, Phetchabun, Thailand €66,100 (€2,150/SqM) 1 Bedroom House for sale in Thailand 50 teak tress (more than 10 meters tall)50 tamarind tress100 banana treesA small house with kitchen, bathroom (would need renovation).Huge waterfall at the edge of the land. Best for off gr... Details: 1 Bedroom(s) 1 Bathroom(s) 30 SqM Property Type: House Year Built 2008 Mountain View Unblocked Open View Private Garden Terrace Covered Parking Updated: 8 months ago Request Details See All Q House Condo Chiangrai Updated 1 week ago Rim Kok, Mueang Chiang Rai, Chiang Rai, Thailand €39,700 €41,800 (€1,310/SqM) 1 Bedroom Condo for sale at Q House Condo Chiangrai This property is a 30 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Q House Condo Chiangrai project in Rim Kok, Chiang Rai. You can buy this condo&nbs... Details: 1 Bedroom(s) 1 Bathroom(s) 30 SqM Property Type: Condo Thai Quota Year Built 2015 Floor 3 City View Balcony Rent: €212/mo | ROI: 6% Updated: 1 week ago Request Details See All Teak House for Sale in Ban Tak Updated 1 month ago Ko Taphao, Ban Tak, Tak, Thailand €92,600 (€1,140/SqM) 3 Bedroom House for sale in Thailand Situated in the charming little village of Bantak. The house is on a large plot of 1,600 sqm. of land only 50 meters from the Ping river. There are plenty of opportunities to expand the house and crea... Details: 3 Bedroom(s) 2 Bathroom(s) 80 SqM Property Type: House Year Built 2007 City View Garden View Fully Renovated Private Garden Garden Access Pets: All Kind of Pets Allowed Updated: 1 month ago Request Details See All House for Sale and Rent in Mueang Kanchanaburi Updated 2 months ago Pak Phraek, Mueang Kanchanaburi, Kanchanaburi, Thailand €66,100 (€1,290/SqM) 4 Bedroom House for sale in Thailand This property is a 50 SqM house with 4 bedrooms and 1 bathroom that is available for sale.. You can buy this house for a base price of €66,100 (€1,290/SqM) and it is also avai... Details: 4 Bedroom(s) 1 Bathroom(s) 50 SqM Property Type: House Railway Station 75.87 km Year Built 2016 Garden View Unblocked Open View Private Garden Terrace Covered Parking Updated: 2 months ago Request Details See All Land for Sale 21 Rai 3 Ngan listed 1 month ago Sai Khao, Hua Sai, Nakhon Si Thammarat, Thailand €231,000 (€7/SqM) Land for sale in Thailand . You can buy this land for a base price of €231,000 (€7/SqM).This property is a 34,936 SqM land plot that is available for sale. It is located in Sai Khao, Nakhon Si Thammarat Details: 34,936 SqM Property Type: Land Railway Station 97.83 km Garden View Unblocked Open View Request Details * 1 * 2 * 3 * ... * 331 * 332 * 333 * 1 - 30 of 42,548 Results 1. Thailand EXPLORE PROPERTIES IN THE NEIGHBORHOODS OF THAILAND Bangkok 18,427 Properties for you Buy: €5.14K - €77.5M See Bangkok Highlights Phuket 5,826 Properties for you Buy: €16.8K - €31M See Phuket Highlights Chon Buri 5,637 Properties for you Buy: €7.29K - €36.2M See Chon Buri Highlights Chiang Mai 3,114 Properties for you Buy: €12.9K - €29.7M See Chiang Mai Highlights Prachuap Khiri Khan 2,202 Properties for you Buy: €3.36K - €40.2M See Prachuap Khiri Khan Highlights Surat Thani 1,252 Properties for you Buy: €17.8K - €34.9M See Surat Thani Highlights Nonthaburi 1,129 Properties for you Buy: €0 - €16M See Nonthaburi Highlights Samut Prakan 1,003 Properties for you Buy: €1.28K - €10.8M See Samut Prakan Highlights Phetchaburi 776 Properties for you Buy: €5.17K - €22M See Phetchaburi Highlights Pathum Thani 629 Properties for you Buy: €2.22K - €25.7M See Pathum Thani Highlights TOP RATED PROPERTY PROJECTS IN THAILAND * Overall Rating * Maintenance * Staff / Security * Facilities on Site * Quality of Finishing * Value for Money * Location * 1 st Banyan Tree Residences Riverside Bangkok Khlong San, Khlong San, Bangkok €790,178 ▼ -20.2% underpriced From 12 reviews 2 nd Anil Sathorn 12 Thung Wat Don, Sathon, Bangkok €396,410 ▼ -0.3% underpriced From 10 reviews 3 rd Ideo Chula - Samyan Si Phraya, Bang Rak, Bangkok €124,473 ▲ 25% overpriced From 4 reviews 4 th Koolpunt Ville 9 Ban Waen, Hang Dong, Chiang Mai €70,825 ▼ -9.2% underpriced From 5 reviews 5 th Ansaya Phuket Si Sunthon, Thalang, Phuket €570,831 ▲ 24.5% overpriced From 3 reviews Only showing 5 of 7943 property projects in Thailand. The project rating data is based on reviews from verified residents and visitors of those projects. THAILAND REAL ESTATE TRENDS Learn more about the Thailand property market through trends and average prices. HOW AFFORDABLE ARE PROPERTIES IN THAILAND? The median sales price for a property in Thailand is approximately €151,000 The median price per square meter for a property in Thailand is €2,830 The Thailand area currently has 42,548 properties for sale WHAT IS THE AVERAGE PRICE OF A PROPERTY IN THAILAND? Property Size Avg. Price Studio (View 3,444 Properties) €84,400 1 Bedroom (View 16,316 Properties) €132,000 2 Bedrooms (View 8,678 Properties) €284,000 3 Bedrooms (View 6,692 Properties) €389,000 4 Bedrooms (View 2,855 Properties) €677,000 WHAT YOU NEED TO KNOW ABOUT THAILAND Formerly called Siam, the Kingdom of Thailand is the tourism hotspot of Southeast Asia. With its beautiful tropical islands, lush jungles, intriguing history, rich culture, glittering temples, and scrumptious cuisines, Thailand attracts more than 30 million visitors annually and the country has numerous world-famous landmarks, such as the 9th tallest statue in the world, which is known as the Great Buddha of Thailand as well as the iconic temple of Bangkok, Wat Arun. Not only known for its natural beauty and fascinating culture, but the country is also dubbed as “The Land of Smiles” because the locals are very friendly, which makes all visitors feel welcome upon arriving in the country. In addition, the country welcomes a huge number of expats and retirees due to its low cost of living. Thailand has the second-largest economy in Southeast Asia after Indonesia. Its convenient location in the heart of Asia has given the country favorable trading opportunities with China, India, and other ASEAN countries. Thanks to the country’s fast-growing economy, it attracts foreign investors from all around the globe. In fact, it is one of Asia’s most popular destination for foreign investors. POPULAR AREAS IN THAILAND Thailand has a population of more than 68 million people spread across its 76 provinces. Bangkok is the capital as well as the largest city in the country. The capital is also one of the most visited cities in the world thanks to its number of tourist attractions. Visitors are welcome to explore its palaces, temples, markets, and shops. The city also boasts one of the most vibrant nightlife scenes as well as having the best street foods on the planet. Some of the more popular landmarks in Bangkok are the Grand Palace, Wat Pho, and Wat Traimit (Golden Buddha). The city of Chiang Mai is famous among those who want to experience a more laid-back atmosphere. Chiang Mai offers an opportunity for visitors to indulge in Thailand’s culture because it has a large number of ancient landmarks, such as the Pae gate and the Doi Suthep pagoda. For visitors who want to be near Thailand’s most famous beaches, Pattaya and Hua Hin are two of the popular seaside resort cities in the country. However, for visitors who want to experience the country’s tropical islands, Phuket and Koh Samui are the places to visit and both have their own unique characteristics, white sandy beaches, and clear waters. TYPES OF PROPERTY IN THAILAND Thailand caters to all types of investors and since Thailand’s laws only allow foreigners to own condominiums; this type of property is almost always in demand. High rise condominiums and apartments are mainly located in metropolitan cities, such as Bangkok and Pattaya. Condominium and apartments in other parts of the country are mainly built in low-rise buildings. Both condo and apartments can have luxurious facilities, such as swimming pools and fitness centers. In general, condos and apartments are divided according to the types of rooms, including studio, 1 bedroom, 2 bedrooms, or more than 3 bedrooms. Single houses in Thailand tend to have 2 floors, with 2 to 3 bedrooms, 2 bathrooms, a kitchen, and a living room. This type of property usually comes with its own garden and offers more space. Townhouses (or townhome) are also available. Townhouses are a row of houses joined by a shared wall and usually have modern and luxurious designs. A home office is popular among those who want to live and work at the same place since normal residential projects are not allowed to be used for commercial purposes. There are also commercial buildings and offices for sale in the country, usually located in business areas. LIFESTYLE FACTORS IN THAILAND Since Thailand has a relatively low cost of living compared to Western countries, although the cost of living depends on the person’s lifestyle, the living standards for foreigners are typically high. The location in which someone lives also determines the overall cost of rent, transportation, food, and other miscellaneous personal expenses. Places in the center of Bangkok typically have higher prices. The local food is world-famous and affordable. People can have Pad Thai for as low as 40 THB (1.3 USD). Thailand’s official currency is the Thai Bhat. 1 USD will get foreigners approximately 30.6 THB. Thailand has a tropical climate, meaning the weather is consistently hot throughout the year. the average annual temperatures are between 28°C and 35°C, but the temperatures can soar to 40°C during the Hot Season from March until June. The rainy season normally starts in July and ends in October. Visitors should be ready to experience heavy rainfall and high humidity levels during this season. The cool season from November and lasts to February and has less rain. The country is very rich in culture and the Royal Family should never be disrespected. Touching someone’s head and pointing with your feet is considered rude. The largest religion is Buddhism with around 95% of the population follows the religion. Islam is the second-largest religion, comprising 4% of the population. The official language is Thai and the script is based on the Brahmi script. However, since the country is a large tourism hotspot, English is spoken by locals, especially those who work in tourism. For a long-term stay, foreigners will need a business, education, marriage, or retirement visa. Most expats who work in Thailand have Non-Immigrant Type B, but investors can apply for Non-Immigrant Type IB. Retirees usually apply for Non-Immigrant Type O, O-A, and O-X. TOP 3 REASONS TO INVEST IN THAILAND 1. A Growing Economy – Thailand has one of the largest economies in Asia, in fact, it is the 8th largest economy in Asia. In 2018, the country produced 16.316 trillion of GDP. 2. Improving Infrastructure – Thailand is constantly improving its infrastructure, from the road systems, electrical and water systems, healthcare, to its public transportation. The local governments, along with real estate developers and corporate companies are involved in significant development. 3. Rental Yields – For those who want to rent out their properties, you can expect to earn around 5% annually. CAN FOREIGNERS BUY PROPERTY IN THAILAND? Yes, foreigners can indeed purchase property in Thailand, but it is essential to be aware of certain restrictions and processes in place to safeguard the country's interests. Buying property in Thailand can be a rewarding investment; however, understanding the limitations and legal procedures will ensure a hassle-free experience. Firstly, it is important to note that while foreigners can buy condominium units without significant restrictions, owning land is not a direct option. A foreigner can own the condominium outright, provided that 51% or more of the building's total floor space is owned by Thai nationals. This rule is in place to preserve the balance between local and international property ownership. As for buying land, Thai law prohibits direct ownership by foreigners. Nevertheless, there are alternative routes for foreign investors to explore. One such option is to set up a Thai Limited Company, wherein the foreigner can have up to 49% ownership, while the remaining 51% should be owned by Thai nationals. This arrangement allows the company to own the land, while the foreigner maintains control over the property through their shares in the company. It is essential to seek professional legal advice to ensure compliance and protect your investment. Another approach is to enter into a long-term lease agreement, typically for 30 years, with the option to renew. This lease is registered with the Land Department, providing a degree of security for the foreign lessee. While this option does not grant direct land ownership, it enables usage and control of the land for an extended period. In summary, foreigners can buy property in Thailand, particularly condominium units, with relative ease. However, land ownership requires alternative arrangements, such as setting up a Thai Limited Company or entering into a long-term lease agreement. We recommend consulting with a reputable property lawyer to guide you through the process and ensure a smooth transaction while adhering to Thai laws and regulations. IS IT WORTH BUYING PROPERTY IN THAILAND? As a thriving property market, investing in real estate in Thailand has undeniably gained popularity among international investors. Whether it's worth buying property in this Southeast Asian paradise depends on your personal goals, financial situation, and specific property choice. To help you make an informed decision, we have shed light on some key factors that reveal the true value of owning property in Thailand. 1. Return on Investment (ROI): Thanks to the robust tourism industry and a growing expat community, demand for rental properties in Thailand remains high. This translates to attractive rental yields, particularly in prime locations such as Bangkok, Pattaya, Phuket, and Chiang Mai. Investors can expect average rental yields ranging from 5% to 8%, depending on the property type and location. 2. Capital Appreciation: Over the past decade, Thailand's property market has experienced continuous growth in property values. With ongoing infrastructure development, particularly in and around Bangkok, investors can expect potential capital appreciation for well-selected properties in strategic locations. 3. Affordable Luxury: When compared to other international property markets, Thailand offers affordable luxury properties with high-quality amenities that cater to the modern lifestyle. Buyers can find a wide range of property types, from beachfront villas and condominiums to city-center apartments, at relatively lower prices. 4. Easy Accessibility: Thailand's well-established connectivity via air, land, and sea contribute to its attractiveness for both tourists and investors. With competitive prices on flights and the upcoming expansion of high-speed rail networks, accessibility to major cities and popular tourist destinations in Thailand are set to become more convenient. 5. Quality of Life: Offering a unique blend of rich culture, delectable cuisine, and breathtaking natural beauty, Thailand is an attractive destination for those seeking a high quality of life. The country's reputation as a friendly and affordable place to live encourages many foreigners to call Thailand their second home. In conclusion, buying property in Thailand can indeed be a worthwhile investment, offering a combination of rental income, IS IT EASY TO BUY PROPERTY IN THAILAND? Purchasing property in Thailand can be a relatively straightforward process; however, it does require careful navigation of certain legal restrictions and adherence to specific procedures. With the proper guidance and knowledge, acquiring real estate in Thailand can be an achievable goal for many investors and homebuyers. Foreign nationals should be aware that there are certain ownership limitations in place. For instance, while foreigners can own condominium units outright, they cannot directly own land or hold a full freehold title to landed property. However, there are alternative methods for foreign nationals to invest in Thailand's property market, e.g., long-term leases and forming a Thai-registered limited company. When considering purchasing a condominium, it is essential to ensure that the ratio of foreign ownership does not exceed 49% of the total area of the building. Other property types, such as detached and semi-detached houses, can be acquired through a long-term leasehold (usually 30 years, renewable), or by setting up a Thai limited company to hold the landownership, while the foreigner maintains substantial control over the company. It is highly recommended to engage the services of a reputable and experienced real estate agent to assist you in navigating the Thai property market. They can provide valuable insights, legal advice, and support throughout the entire process. Additionally, engaging a qualified Thai lawyer is essential when dealing with contractual obligations and ensuring that all due diligence is carried out, including verifying property titles, investigating potential encumbrances, and confirming proper zoning and planning permits. In terms of financing, foreign buyers may face some challenges in securing a mortgage from Thai banks. Therefore, it is vital to explore alternative financing options, such as obtaining a loan from your home country or seeking a developer or seller who offers payment plans. In summary, buying property in Thailand can be an achievable endeavor for foreign nationals, provided that they are aware of the legal restrictions, follow the proper procedures, and seek professional guidance. By taking these factors into consideration, investors and homebuyers ARE HOUSE PRICES FALLING IN THAILAND? In recent years, Thailand has experienced fluctuations in its real estate market, particularly in the residential sector. While it is essential to consider the dynamic nature of the market, current data and economic factors suggest that house prices in Thailand have been facing a downward trend. Several factors have contributed to the decline in the property market. The continuous increase in the supply of new residential units could be one significant reason, leading to an oversaturated market in major cities, such as Bangkok. Developers are now struggling to sell off their remaining inventory, which has ultimately led to a decrease in average house prices. Another contributing factor is the global economic slowdown, which has had a direct impact on consumer confidence and purchasing power. Buyers and investors are exercising caution and opting for more affordable housing options or delaying their property investments. Additionally, the ongoing Covid-19 pandemic has further exacerbated the challenges faced by the real estate sector in Thailand, as tourism, an essential driver of economic growth, has been severely affected. Furthermore, the tightening of mortgage lending regulations by the Bank of Thailand in 2019 has made it more challenging for homebuyers, particularly first-time buyers, to secure loans. This has resulted in a decrease in demand for residential properties, leading to a decline in house prices. It is worth noting that the situation could vary depending on the location and type of property. While the overall trend appears to indicate a fall in house prices, some high-end properties and specific localities might still experience stable or even increasing prices. In conclusion, although it is difficult to make a blanket statement about the direction of house prices in Thailand, prevailing economic factors and market conditions suggest a downward trend in the short term. However, potential buyers and investors are encouraged to closely monitor market developments, conduct thorough research, and consult with real estate professionals to derive the most accurate insights into the property market. 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