The number of foreigners you will see when out and about in Bangkok is a reflection of its popularity and if luxury living is your thing, the City of Angels is the place for you. The world has shrunk since the arrival of the jet age and people get to experience life in other countries and with a low cost of living, Bangkok has much to offer.
Luxury condo developments
A Google search will take you to luxury river side condo developments overlooking the Chao Phraya River, with all the amenities you would expect in a high-end development. Rental is much cheaper than in Europe, while buying a condo is a great investment, especially in a prime location. The view from a penthouse balcony is something else and living in such a luxury environment is affordable when compared to the West.
Living in the suburbs
Of course, living by Chao Phraya River is going to mean high rentals, yet if you are prepared to live in a Bangkok suburb, you can find luxury condo developments for less than $300 per month. Teachers prefer to live in a suburb, where it is green and prices are lower; getting around in Bangkok is never an issue, with Skytrain and BTS. You could engage the services of a consultant if you are planning to relocate your business.
Real estate as an investment
Foreign investors buy exclusive condo units with a view to renting; your asset increases in value while your tenants give you a comfortable income. Set up a real estate management company to take advantage of attractive Thai government incentives; contact the Thai Board of Investment (BOI) to find out more about investing in Thailand.
Holiday home
For many westerners, a holiday home in Thailand is an attractive proposition; they can rent out the property in the high season and stay for a few months when low season arrives. Lots of digital nomads own condos in Bangkok and they stay 2-3 times a year, enjoying the city and all that it offers. If you would like to invest in a high-end condo unit in Bangkok, start with an online search to locate an established condo developer and look at their current developments. If you book your unit at an early stage, you can enjoy a discount and when the development is finished, you can move in.
Rent before you buy
If you like Bangkok, but are not sure if you could live there, start with a 6-month condo rental and if that works out, you can start looking at condos for sale. When a foreigner purchases a condo in Thailand, they must show evidence that the funds came from abroad; the developer has experience in helping foreign clients and they can instruct you on the correct documentation.
Bangkok is a city like no other and many foreigners have invested in condo units, which offers multiple benefits.
