New Condo Developments in Thailand Cater To Higher Demand
When it comes to finding a condo for rent in Bangkok, there is no time like the present and this certainly seems to be the attitude of foreign tourists eager to settle down in Thailand. Tourism officials believe that over 24 million tourists will visit Thailand in 2013 with income from tourism rising by almost 25% from 2011 to 2012.
At HomeConnect Thailand, we have spotted a rise in the number of people looking for long-term leases on condos for rent in Bangkok. It is obvious that foreign tourists fall in love with the warm sunshine, beautiful scenery and welcoming culture and view it as a home away from home. The fact that the cost of living is around 70% less than in Europe along with the various surveys that praise Thailand for its quality of life are other factors that lure foreign tourists to Thai shores permanently.
It is also important to note that while capital appreciation is minimal on villas and land, condos have increased in value by around 10% over the last 5 years. In Thailand, there is a 250 day high season which is more than just about any other tourist location in the world and with so many people looking for a condo to rent in Bangkok, it really is a great investment opportunity.
New developments are offering condos to buy for less than $200,000 and when you consider the rent that could be charged, this is a bargain. If you are only interested in renting a condo in Bangkok, now would be a good time to do so as landlords claim a major increase in rents is coming in the near future. This is not a surprise since condos in Bangkok and all over Thailand have avoided major rent increases for 20 years.
If you elect to rent a condo in Bangkok and you area fitness person, make sure it is close to amenities such as a swimming pool, a park with running track, if you are looking for more of entertainment and places to eat then be sure its either in a walking distance or has easy access to Bangkok’s metro system.
If you looking for condo for rent in Bangkok, Thailand please go to our enquiry page at Homeconnectthailand.com and we will help you with finding your next place to stay.