Bangkok Real Estate Bargains Now Available
Bangkok real estate in this 606 square mile (1,509 square kilometer) Venice of the East is often priced at about half what comparable properties would cost in Western cities. The city is located on the Chao Phaya River, in a delta area crisscrossed by canals and waterways. It has become a major business and financial center for the region and the world’s 17th largest city, with more than nine million residents. It has ten million visitor each year and is the second most popular tourist destination, behind London.
It has a large cosmopolitan ex-patriot community with 25,000 Americans, 7,500 Australians, and 45,000 Europeans calling it home. They are welcomed and valued as neighbors and contributors to the nation’s growth and prosperity.
Foreign nationals purchasing property here will need to keep some important considerations in mind. Of utmost importance is having the assistance of an agent who speaks your language fluently, and will communicate important information clearly and understandably. Of course, agents anywhere should be knowledgeable about the local market and have access to important information about the properties.
As full time professionals they will network with community and professional contacts to assist you with finding the exact property that satisfies your needs and desires. They will take the time to show sufficient choices so that you do not feel pressured to pick something you are not quite comfortable with. There should not be extra fees for this either in advance or within the final purchase price. Since prices vary considerably here, depending upon owners, you will want an agent who will be zealous in finding deals and assisting with negotiations.
Relocation specialists can give assistance with getting through this sometimes difficult, stressful time, according to your timetable. They can help plan ambiguous aspects of your new life here in Thailand. Competent agents will easily guide you through important legal and tax issues, and third party escrow. Assistance with foreign ownership issues and immigration or visitation issues is available.
While condominiums may be owned by foreigners, the land man not be held in their own name. Corporate entities can own when partnered with Thai nationals or spouses. This must be executed competently by knowledgeable individuals to avoid potential future title problems. Foreign ownership is only allowed in specific areas and is limited to 49 percent of that area’s properties.
This city is well known for its traffic jams. The agent can direct you to properties that are located near work or shopping, or along public transportation lines. Security is another important issue. Districts along Sukhumvit Road are cosmopolitan, with international shopping and restaurants. They are popular ex-pat areas. Other suitable areas offer properties in all sizes and prices, up to and including spacious planned communities.
Bangkok real estate agents can be helpful in selecting from some 4,000 available properties. They are helpful in negotiating the idiosyncratic local market and giving expert advice regarding the legal and tax issues involved with your transaction. They will arrange your visit. The area’s weather can be hot and humid, both day and night. The coolest months, and the best time to visit, are December and January.
Are you looking to find more information about Bangkok Real Estate? So why are you hesitating? Visit our website to find out more about Bangkok Apartments for your needs.
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