What is the current situation of the Bangkok property market (updated Q2,2019)?
“This question has been the classic question for the last two years until now.”
According to our experience, we cannot deny the growing number of property’s supplies in
Bangkok, especially in Condominium units. However, some prime areas in Bangkok are still have
potential and more popular for buy-to-let and resell market (the secondary market).
In Bangkok, We do know that the travel industry has been expanding for the past five years and still growing according to the government’s policies. Moreover, the lifestyle of travelers are changing, they like to see the local culture and staying for the short stay-rent in other places not only in traditional hotels. According to the Airbnb announcements, Thailand is listed as one of the top 5 global destinations for Airbnb guests from Mainland China. Thai hosts on Airbnb earned a total of THB186 million in host income this CNY, which represents a 50% increased in earnings.
This reason becomes the main advantage for the individual real estate sector in Bangkok now and makes the condominium in prime areas is still affection for the property investors. The property’s price is still going up.
We have the research of the property price in the middle of Sukhumvit area ( Phrom Prong) in Q2 2019 compared with the price in Q2’s 2018. This research helps to prove that the property in
Bangkok still has the potential for investment, however, please carefully consider to choose the area and project.
For the short research of the property price in the middle of Sukhumvit area( Phrom Prong) in Q2 2019 compared with the price in Q2’s 2018 by GE team researcher, please download the full file below.
PDF download Here
Reference: https://news.thaivisa.com/article/31787/thailand-ranks-as-one-of-top-5-global-destinations-for-airbnb-guests-from-mainland-china
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