Bangkok Real Estate Ex-Patriot Community
Bangkok real estate is bargain priced in this 1,569 KM2 (606 sq. Mi.) Venice of the East. Located in the Chao Phaya River delta, it is crisscrossed by waterways and canals. It is a major regional financial and business centre and is the 17th largest city in the world. It attracts 10 million visitors per year, second in visitations only to London. It is home to more than 9 million residents.
There is a good sized ex-patriot community here which includes 45,000 Europeans, 25,000 Americans, and 7,500 Australians. It is possible to purchase or rent homes here for approximately half the price of comparable ones located in Western cities.
Foreign nationals will want to keep in mind some important considerations while on a property search here. Of primary importance is having an agent who is fluent in your language, and can communicate important information clearly. The agent you work with anywhere must be familiar with the local market and knowledgeable about its idiosyncrasies.
Being a full time professional, they should have a network of community and professional contacts, and be able to assist you to find exactly the property you need and want. They should be prepared to show you enough alternative options so that you do not feel you are being forced into something that is not quite right. No extra service charges should be either assessed in advance or worked into the final purchase price. Prices will vary considerably, depending on the individual owner. A good agent will be able to assist in negotiations.
They should be relocation specialists and provide assistance getting through this often stressful period, with its rigid timetable. Advice will be available to help arrange your new life here in Thailand. A competent agent will be able to guide you through tax and legal issues, including third party escrow. Immigration and visitation issues, as well as foreign ownership issues are areas they can help you with.
Condominiums can be purchased by foreigners here, but land can not be owned in their own name. Corporate entities can be partnered with Thai nationals or Thai spouses. If this is not competently executed by someone knowledgeable, future title problems may result. Only specified areas allow foreign ownership, and it is limited to 49% of properties in each such area.
The city is famous for traffic gridlock. You will want help with selecting properties proximate to business or shopping venues, or near public rail lines. Another important consideration will be security. The cosmopolitan districts near Sukhumvit Road are popular ex-pat destinations. A variety of international restaurants and shops are found there. There are also other appropriate choices offering properties in all sizes and prices, up to those in large planned communities.
Bangkok real estate agents can help you select from some 4,000 listed properties. In addition to negotiating the local market, they can assist and advise regarding the tax and legal issues. They will gladly help you arrange a visit. The climate is hot and sometimes humid, day and night. December and January are the coolest months and the best season to visit.
Are you looking to find more information about Bangkok Property Rentals? So why are you hesitating? Visit our website to find out more about Bangkok Condo for your needs.
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