The condo market is over-supplied, over-priced, and the units are generally poorly built, and often badly managed There is virtually no resale market. Banks will offer 90% or more LTV for new units but 50% or less on second hand units. Thais prefer to buy new and are not keen to buy from foreigners. Also, there is no price transparency. Non thais are often quoted higher prices. And then there's currency risk and political risk. If you buy here, treat it as a 'consumer' purchase.
It would be nice to see an update for 2022. Considering a real estate investment with the oversupply market, yet after a pandemic the risk is staggering and the prices remain high. Thailand is a large geography - what risk outlook do you have for Bkk and Phuket?
Prices have corrected by about 10% since I made this video. Thai property still isn't a great investment compared with alternatives nearby though. At $6k per sqm in central Bangkok, you won't see the easy doubling of prices like in Cambodia (~$1k per sqm) or even Malaysia (~$3k per sqm)
What are the pros and cons of living there? I’m thinking about visiting, then doing business and seeing if there’s any wife material women out there or are they just lady boys.
@@essentialoilsme definitely wife material in Thailand. Anecdotally there is supposedly a shortage of marriage material straight men, so there is an excess of women.
If you must, a BKK condo is a purchase you keep. You will get no interest in your used condo if you want to sell, as Thais "only care new". You will get very little rent if you want a tenant, unless it is in a luxury bldg, but then you will be paying high maintenance fees. However, YOU can buy the older units Thais don't want at cheap prices - and those older bldgs have much larger apartments. That is the way to go. Sadly, ownership will not give you an automatic long stay visa. Neither will being married or having a Thai child. They simply don't want foreigners assimilated without extreme financial upkeep. Your visa will not be issued or renewed should you fail to keep 800Kbaht/$25Kusd (forever untouched) in a Thai bank, or fail to pay $15Kusd every 5 years for an Elite visa. As most discover, there is very little benefit to owning in Bangkok when you can rent places for under $300 per month, and most locals pay half that.
Been living for two years in Bangkok and Thailand now. You should add the weather is very harsh for your property, also the sinking fund of the common expenses and the monthly fee can be very high. Water damage, floods, traffic and POLLUTION !
But you haven't mentioned the massive Chinese investments in Bangkok's real estate! They love to "divert" their Chinese money to Thailand, and that's helping to drive up the real estate market in Bangkok, I'm sure.
Agree with everything you said 100% I lived there back in in 2002-2006 and made good returns on a number of condo's the issue is now they build them faster than they can sell so flapping property is a waste of time.
The demographic decline is not the issue. Currently the biggest problem in a few years will be over supply and quality locations. I predict too much supply will drive down prices in the future as will shoddy build quality as the current units age. Thailand as a whole has matured and is now fairly expensive - which reflects in purchase prices. And it does not help that Chinese and other Asian investors are throwing money at all the new units. But the oversupply means you can still get a rental unit on par or less than prices in Vietnam and other SEA destinations.
1 year later (Feb 2021) and Thai property values are down 10& to 35% depending on location. COVID-19 continues to hammer the Thai economy. There are areas in Thailand that may pop back in 2022 or 2023... such as Hua Hin. But yes, extreme caution for expats looking to invest in Thailand property, particularly those who don't plan to reside in Thailand full time..There is simply too much supply on the market and not enough demand. Many properties have been listed for 2+ years now with scant buyer interest. Thailand could bring vigorous new life to property values by encouraging foreign investment. Simple and effective way to do that is to grant full Chanote title (Freehold) for expat/foreign ownership of land/homes/villas. Right now Chanote title is reserved for condos only.
I'm surprised nobody has mentioned the unpredictability of the visa situation. One can only be assured of a guaranteed stay with a property investment north of 10 million baht ( investor visa). Too risky otherwise
Well said that man; Thai immigration change their rules and laws daily; you could easily buy some real estate and then not be allowed back in the country or refused a visa due to a new piece of legislation that's dreamt upped overnight by the current volatile government.
Condominium prices rose by 4.4% (4.6% in real terms) during the year to Q1 2020, a sharp improvement from last year’s 1% growth. However quarter-on-quarter, condo prices dropped 1% (-0.3% in real terms) during the latest quarter. Townhouse prices rose by 4.9% (5% in real terms) during the year to Q1 2020, following y-o-y increases of 5.8% in Q4 2019, 2.2% in Q3, 3.4% in Q2 and 7.3% in Q1. During the latest quarter, townhouse prices increased 2.8% (3.6% in real terms).
It would seem to me that the discussion with respect to Thailand should be broken into at least 3 regional areas (South, Central Bangkok, and North (Chiang Rai and Chiang Mai areas). It's like making broad comments on U.S. real estate on the entire U.S. or France or Philippines.
Staying in Bangkok 1y city is pretty empty now. Tons of discounted condos all over the country, few tourists and investors. Late 2021 will be the perfect time to buy, but wait for the bath to fall.
So if the objective is short term flip, the of course Thailand in difficult. COVID has slammed many many global markets. Now (Nov 2020) property values in Thailand have been hammered. As is oft the case, good time to buy is when properties have dropped. Personally, I would stay away from BKK for time being (over supply of condos) but other locales, there may be some good deals
Excellent analysis and presentation. Some constructive criticism: you'll look better for the camera if you undo the top button on your shirt, and stop moving your hands (off camera) so much. Believe it or not, some people find sitting on their hands while recording to be an effective way to avoid those nervous / unconscious movements. These are only superficial elements but they are important for videomakers such as yourself, because visual elements *matter*. Your manner of speaking, enunciation, and general flow are all terrific, you have a natural talent for it. I look forward to watching more of your videos. Thank you.
The Thais has an exceptionalist streak like Americans and although it isn't justified they definitely will put roadblocks in front of your business ventures. Property ownership is unwise because you can't own land and construction quality is generally uneven .
From my perspective as a Thai person who is in real estate business. The market is still growing. Most of my clients now are expats. They found it cheaper to live here with a better life. There are more and more people work online. By the time it's 2023 there will be a new market by that time. You just have to jump in at the right time to avoid over priced properties.
I believe when he posted this vlog it was around pandemic. You know yourself a lot has changed since then and yes people working online now has grown leaps and bounds. I'm sure his perspective would have changed now. I've been looking to invest there in the future as an expat so I'd love to keep upto date with real estate.
I normally enjoy most of the information posted on the channel, but think that this video should be titled 'Don't Invest in Bangkok' and not Thailand. There's so many other town/city centres/holiday residences in the country. The speaker didn't elaborate in enough detail on Thailand. It seems baseless and poorly researched to state the country as a whole in a +- 6 min video.
Wonder how this ages post covid. No travelers to the world's most visited city for 6-12 months should create much more opportunity than in past but the same could be said with other areas.
I didn't think you could buy property in Thailand unless you were a citizen?? I've never tried, but heard that from several expats.... Have I been living a lie?!!!😱😱🤯
Good advice for many. If you are lucky, buying can be advantageous. It's nice to have your own home if you really like the area, and long term it pays for itself by savings on not paying rent. Having rental income can also be nice if it covers a good proportion of monthly outgoings and enables you to sell at a more attractive yet profitable price allowing for the rental income received. 😊
I agree. Not only that the units themselves have become so small and so pricey that the units are very unfunctional to the foreigners they are marketing these overpriced condos to. In 2010 they were still building functional units. Units now in the 30sqm range are not ideal anymore at the prices they are charging. The 1bd units should be 70-80sqm minimum and at a cheaper price.
Dead by what context? If one can get capital gains, then it is not dead. Since condos are the only thing foreigners can legally invest in with relation to real estate, this should have been the focus. There were zero numerical examples given. Could you speak about condo fees, property tax, expected rental incomes, occupancy rates, sinking/common area costs, up and coming areas like Thong Lor / Ekkamai . I think you are obviously experienced as an investor, but for many, they want to invest in a place that is protected largely from downside and can easily fetch 7-15% capital gains per year. For many, this is enough. I'd say if you invested in Asok, Chid Lom, Prong Phong, Thong Lor, or Ekkamai , then you are largely safe, as this is considered the city center and is only growing.There is also zero property tax in Thailand. The number one expat group in Thailand are the Japanese, so if you go where they are, you will likely do quite well.
Interesting. I heard there are many unsold properties. Do you think because of that and because of covid and how the world economy it's affected, will the prices will fall for condos and houses ?
If you invest in the $US 7k p.sqm regions, I doubt that the local Thai demographics are any of your concerns. The markets there only go hot due to Chinese demand or other foreign driven capital scheme, not intrinsically. Who'd be talking about Cambodia, if it weren't on the Chinese radar...
CBRE sets and controls prices of almost all new developments and so prices are fully controlled for new developments not demand based market rates, kind of monopoly. That is why you will find big gap between new and second hand properties. Prices are jacked up like crazy every year.
that's far from being true CBRE has some projects as a sole agency In many cases, prices for most the developments (EIA approved) are approved by ministry
Samui has no tall condos like in bkk or pattaya because of height restrictions on building. I have land in samui but havent built yet. Will either build 2 homes to keep one or build 2 floors of apartments with a penthouse on top for myself.
OF course city center of the major city is not a great investment. The deals have come and gone. BUT...cities expand, especially with new projects such as mass transit, airports, and developmental regions on the fringes of the cities. Not to mention, many locals make their way to the cities, soon discovering that their lives can be enriched further by moving to up and coming developing towns and cities elsewhere. Personally, I would never invest in a city's heart. Of course, it depends upon what kind of real estate and for what purpose you are seeking to purchase. If it is purely for investment growth, you seldom get into a well established investment, but speculate on investments that show possible growth. Once Covid goes away and people surge to traveling again, tourist destinations are the key in Asia, especially with the Chinese tourist market growth in Asia. I have watched Mr. K's videos a little bit and he seems like he knows what he is talking about, but he leave so many factors out of his equations. What worked for him may not be the rule.
What are your thoughts on Ukrainian real estate markets now? Their national bank keeps lowering rates and it looks like mortgage market might be back from dead soon.
My Thai property is my best investment to date. Where in the world can you buy a freehold condo for thb4 million and rent for thb25000 a month for years?
Are you talking about bangkok or thailand in general.. Buying a property to live in or to rent out.. Keep in mind many people make a killing from airbnb from properties in ko samui, phuket etc
PLEASE LOOKED INTO COUNTRIES WHICH ARE THE CHEAPEST TO BUY AND LIVE ❗❗❗ COLOMBIA, MEXICO, BULGARIA, SERBIA, CAMBODIA, EQUADOR, BRAZIL......AND MORE. PICK THE COUNTRY THAT CAN SERVE YOU ON A SILVER PLATTER AND PEOPLE WHO CAN KOW TOU TO YOU BECAUSE OF YOUR MONEY ❗❗❗ GOOD LUCK IN YOUR FINDING .
This must explain all the tall condo buildings close to the river that are unlit at night. That was one of my first impressions of BKK during my first visit last year.
I think you'll find the vast majority of completed Riverside condos are completely sold out from the developers. Just because the units are unoccupied doesn't mean they are unsold. Many owners choose to leave their units empty and simply chose to invest in property rather than leaving cash in an account earning little to no interest! The more popular buildings are rented out to almost 90% occupancy in a lot of cases so things are not always as they seem
What about the massive (potential) buyers from China ? They seem to have a positive affinity towards Bangkok and property investment in general . They pay the full purchase price in cash , they don't require bank loans and they don't really care If the property can be rented out . (One can infer the positive vibes by viewing Chinese social media/web sites using Google translate like me ) Quite the opposite they are to the "Cheap Charlie" mentality For precedent & guidance , just look no further to the property markets of Hong Kong , Singapore , Australia , Canada etc. The Chinese have literally push prices thru' the roof in all these developed economies. IF even 1% of the China people move to Bangkok ; it will have a significant (positive) effect on property prices and Thailand demographics .
Well, real estate value should go down then, if there are a lot less foreigners going there and investing! So the prices going down, it might get interesting to buy !!!!!!!!!!
Not sure myself what it is. Born in LA, lived there for 14 years, then Texas for another 4 years. Haven't lived in a "native English" country since then
Have to agree with you, I have worked in the Bangkok property market for many years now and it gets tiresome to hear the same old non factual nonsense going around and this is a great example of that!
Hi, thanks for this very insighful video.. Do you think that tourist cities like Pattaya and Phuket are not worth anymore? or you foresee some good market opportunities in the near future?
@@charlesogier6469 Hua Hin is completely overbuilt and over-priced. As for 7% guaranteed yields, the 7% is built into the price. And who in their right minds buys a leasehold in Thailand? My Chinese landlord in Bangkok is getting circa 2% on my unit; I live in a top, riverside location.
@@jamesbarr2357 Hi. Do you think the prices will fall because there are too many unsold condos in Bkk and because after Corona the economy worldwide is not more the same?
Thailand is risky for investors as there is political unrest coups and over throwing governments which is a serious concern, Thai government could change foreign ownership at any time which makes it very risky.
I mean I don't see why investing in Thailand condos isn't a good idea because Thailand itself like the Philippines is the two worlds adult playgrounds and tourist mainly adult men only come there for one thing.
I totally agree with Elon musk over his Bitcoin moves and beliefs. I share the same views. I earn a lot from trading Bitcoin but I believe just like my mentor and financial advisor that other alts should be given a chance to thrive
Asia, it's over for Europeans ... and only Chinese are really welcome everywhere now. ... please don't invest in Asia 🙏 L’Asie , c’est fini pour les européens … seuls les chinois sont vraiment bienvenus partout maintenant.… surtout n’investissez pas en Asie 🙏 Asia, se acabó para los europeos ... solo los chinos son realmente bienvenidos en todas partes ahora ... especialmente no inviertan en Asia 🙏
I don’t think Chinese are welcome in anywhere. I know for fact every single asian countries including mine hate Chinese/China. Literally nowhere is welcoming Chinese but that dose not stop Chinese. Chinese use cash instead of mortgage. Thats all.
Although I agree with the points you’re bringing up; the title of this video should be Bangkok, not Thailand in general.
The condo market is over-supplied, over-priced, and the units are generally poorly built, and often badly managed There is virtually no resale market. Banks will offer 90% or more LTV for new units but 50% or less on second hand units. Thais prefer to buy new and are not keen to buy from foreigners. Also, there is no price transparency. Non thais are often quoted higher prices. And then there's currency risk and political risk. If you buy here, treat it as a 'consumer' purchase.
@fireson23 I would say in terms of infrastructure, development in rural area, poverty line.
It would be nice to see an update for 2022. Considering a real estate investment with the oversupply market, yet after a pandemic the risk is staggering and the prices remain high. Thailand is a large geography - what risk outlook do you have for Bkk and Phuket?
I got a condo in Thailand and I am happy with my choice. Don’t understand this video still getting high demand now in 2022. Renting through airbnb.
Prices have corrected by about 10% since I made this video. Thai property still isn't a great investment compared with alternatives nearby though.
At $6k per sqm in central Bangkok, you won't see the easy doubling of prices like in Cambodia (~$1k per sqm) or even Malaysia (~$3k per sqm)
I have lived in Bangkok 20 years and everything you said is 100% right. Well done
Thank you for the kind words :)
What are the pros and cons of living there? I’m thinking about visiting, then doing business and seeing if there’s any wife material women out there or are they just lady boys.
@@essentialoilsme definitely wife material in Thailand. Anecdotally there is supposedly a shortage of marriage material straight men, so there is an excess of women.
@@essentialoilsme cheap, people are nice, food is world class, women are very friendly, it's special
@@Cody--- I can’t wait to go, hopefully in 2022 during one of their main annual festivals too
If you must, a BKK condo is a purchase you keep. You will get no interest in your used condo if you want to sell, as Thais "only care new". You will get very little rent if you want a tenant, unless it is in a luxury bldg, but then you will be paying high maintenance fees. However, YOU can buy the older units Thais don't want at cheap prices - and those older bldgs have much larger apartments. That is the way to go. Sadly, ownership will not give you an automatic long stay visa. Neither will being married or having a Thai child. They simply don't want foreigners assimilated without extreme financial upkeep. Your visa will not be issued or renewed should you fail to keep 800Kbaht/$25Kusd (forever untouched) in a Thai bank, or fail to pay $15Kusd every 5 years for an Elite visa. As most discover, there is very little benefit to owning in Bangkok when you can rent places for under $300 per month, and most locals pay half that.
Been living for two years in Bangkok and Thailand now. You should add the weather is very harsh for your property, also the sinking fund of the common expenses and the monthly fee can be very high. Water damage, floods, traffic and POLLUTION !
But you haven't mentioned the massive Chinese investments in Bangkok's real estate! They love to "divert" their Chinese money to Thailand, and that's helping to drive up the real estate market in Bangkok, I'm sure.
They love to diversify their citizenships
Also Taiwanese
Lost everything already.
Agree with everything you said 100% I lived there back in in 2002-2006 and made good returns on a number of condo's the issue is now they build them faster than they can sell so flapping property is a waste of time.
The demographic decline is not the issue. Currently the biggest problem in a few years will be over supply and quality locations. I predict too much supply will drive down prices in the future as will shoddy build quality as the current units age. Thailand as a whole has matured and is now fairly expensive - which reflects in purchase prices. And it does not help that Chinese and other Asian investors are throwing money at all the new units.
But the oversupply means you can still get a rental unit on par or less than prices in Vietnam and other SEA destinations.
1 year later (Feb 2021) and Thai property values are down 10& to 35% depending on location. COVID-19 continues to hammer the Thai economy. There are areas in Thailand that may pop back in 2022 or 2023... such as Hua Hin. But yes, extreme caution for expats looking to invest in Thailand property, particularly those who don't plan to reside in Thailand full time..There is simply too much supply on the market and not enough demand. Many properties have been listed for 2+ years now with scant buyer interest.
Thailand could bring vigorous new life to property values by encouraging foreign investment. Simple and effective way to do that is to grant full Chanote title (Freehold) for expat/foreign ownership of land/homes/villas. Right now Chanote title is reserved for condos only.
I'm surprised nobody has mentioned the unpredictability of the visa situation. One can only be assured of a guaranteed stay with a property investment north of 10 million baht ( investor visa). Too risky otherwise
Well said that man; Thai immigration change their rules and laws daily; you could easily buy some real estate and then not be allowed back in the country or refused a visa due to a new piece of legislation that's dreamt upped overnight by the current volatile government.
Not Really anymore with the formation of the Thai Elite Visas.
10 mill baht isn't that risky...
This is specific to Bangkok. NOT other wonderful areas of Thailand.
Rent enjoy, then move on..
Condominium prices rose by 4.4% (4.6% in real terms) during the year to Q1 2020, a sharp improvement from last year’s 1% growth. However quarter-on-quarter, condo prices dropped 1% (-0.3% in real terms) during the latest quarter.
Townhouse prices rose by 4.9% (5% in real terms) during the year to Q1 2020, following y-o-y increases of 5.8% in Q4 2019, 2.2% in Q3, 3.4% in Q2 and 7.3% in Q1. During the latest quarter, townhouse prices increased 2.8% (3.6% in real terms).
It would seem to me that the discussion with respect to Thailand should be broken into at least 3 regional areas (South, Central Bangkok, and North (Chiang Rai and Chiang Mai areas). It's like making broad comments on U.S. real estate on the entire U.S. or France or Philippines.
Staying in Bangkok 1y city is pretty empty now. Tons of discounted condos all over the country, few tourists and investors. Late 2021 will be the perfect time to buy, but wait for the bath to fall.
So if the objective is short term flip, the of course Thailand in difficult. COVID has slammed many many global markets. Now (Nov 2020) property values in Thailand have been hammered. As is oft the case, good time to buy is when properties have dropped. Personally, I would stay away from BKK for time being (over supply of condos) but other locales, there may be some good deals
good point
Excellent analysis and presentation. Some constructive criticism: you'll look better for the camera if you undo the top button on your shirt, and stop moving your hands (off camera) so much. Believe it or not, some people find sitting on their hands while recording to be an effective way to avoid those nervous / unconscious movements. These are only superficial elements but they are important for videomakers such as yourself, because visual elements *matter*. Your manner of speaking, enunciation, and general flow are all terrific, you have a natural talent for it. I look forward to watching more of your videos. Thank you.
The Thais has an exceptionalist streak like Americans and although it isn't justified they definitely will put roadblocks in front of your business ventures. Property ownership is unwise because you can't own land and construction quality is generally uneven .
From my perspective as a Thai person who is in real estate business. The market is still growing. Most of my clients now are expats. They found it cheaper to live here with a better life. There are more and more people work online. By the time it's 2023 there will be a new market by that time. You just have to jump in at the right time to avoid over priced properties.
I believe when he posted this vlog it was around pandemic. You know yourself a lot has changed since then and yes people working online now has grown leaps and bounds. I'm sure his perspective would have changed now. I've been looking to invest there in the future as an expat so I'd love to keep upto date with real estate.
You are a prospective investor . Not someone in the game.
I normally enjoy most of the information posted on the channel, but think that this video should be titled 'Don't Invest in Bangkok' and not Thailand. There's so many other town/city centres/holiday residences in the country. The speaker didn't elaborate in enough detail on Thailand. It seems baseless and poorly researched to state the country as a whole in a +- 6 min video.
Exactly!
Thanks for sharing your thoughts on Thailand. Beautiful country. I enjoy owning a condo in Patong beach.
Patong Beach ??? Awful cheap and nasty xx Chavsville..
Patong and Pattaya are not Thailand. 😂😂😉
I don't agree with you. Selecting properties in the right location is important in Thailand.
agree
Couldn't agree more when M2/realGDP is at record low. Great video. Brilliant explanation.
Wonder how this ages post covid. No travelers to the world's most visited city for 6-12 months should create much more opportunity than in past but the same could be said with other areas.
It does
correct
many properties with a good price tag are now available in BKK
I didn't think you could buy property in Thailand unless you were a citizen?? I've never tried, but heard that from several expats.... Have I been living a lie?!!!😱😱🤯
Foreigners can own condo units, freehold, under their own name. Not land or houses though.
@@InvestAsian Interesting! thanks for the quick reply. 😀
InvestAsian - houses yes land no
@@thebigw3377 Technically, yes. You can own structures. It also defeats the point if you can't own the land it sits on though
InvestAsian - from an investment point of view I agree
Good advice for many.
If you are lucky, buying can be advantageous. It's nice to have your own home if you really like the area, and long term it pays for itself by savings on not paying rent. Having rental income can also be nice if it covers a good proportion of monthly outgoings and enables you to sell at a more attractive yet profitable price allowing for the rental income received. 😊
I agree. Not only that the units themselves have become so small and so pricey that the units are very unfunctional to the foreigners they are marketing these overpriced condos to. In 2010 they were still building functional units. Units now in the 30sqm range are not ideal anymore at the prices they are charging. The 1bd units should be 70-80sqm minimum and at a cheaper price.
Dead by what context? If one can get capital gains, then it is not dead. Since condos are the only thing foreigners can legally invest in with relation to real estate, this should have been the focus. There were zero numerical examples given. Could you speak about condo fees, property tax, expected rental incomes, occupancy rates, sinking/common area costs, up and coming areas like Thong Lor / Ekkamai . I think you are obviously experienced as an investor, but for many, they want to invest in a place that is protected largely from downside and can easily fetch 7-15% capital gains per year. For many, this is enough. I'd say if you invested in Asok, Chid Lom, Prong Phong, Thong Lor, or Ekkamai , then you are largely safe, as this is considered the city center and is only growing.There is also zero property tax in Thailand. The number one expat group in Thailand are the Japanese, so if you go where they are, you will likely do quite well.
agree
Interesting. I heard there are many unsold properties. Do you think because of that and because of covid and how the world economy it's affected, will the prices will fall for condos and houses ?
Now is the best time to invest when it hits bottom. I'm looking to buy in 2021 or 2022
Did you buy?
If you invest in the $US 7k p.sqm regions, I doubt that the local Thai demographics are any of your concerns. The markets there only go hot due to Chinese demand or other foreign driven capital scheme, not intrinsically. Who'd be talking about Cambodia, if it weren't on the Chinese radar...
CBRE sets and controls prices of almost all new developments and so prices are fully controlled for new developments not demand based market rates, kind of monopoly. That is why you will find big gap between new and second hand properties. Prices are jacked up like crazy every year.
that's far from being true
CBRE has some projects as a sole agency
In many cases, prices for most the developments (EIA approved) are approved by ministry
Bangkok Collection Living in Thailand for 24 years since even before tomyom crisis. I know how it is controlled by CBRE.
Samui has no tall condos like in bkk or pattaya because of height restrictions on building. I have land in samui but havent built yet. Will either build 2 homes to keep one or build 2 floors of apartments with a penthouse on top for myself.
If you have land, you are thai or married with a thai woman, right?
Chock dee ka.😊
@@sabaidee5587 no I have a thai company that must be 51% thai owned. The thai ownership is split between 3 people who only have 17% each
@@231rft Well done. 👍
Bandwagon investments will have you falling off the bandwagon!
There is a lot more to Thailand than Bangkok.
Like the women and beaches?
back in 2016. condo on makasan a-link station (interchange to petchaburi mrt) for 3m baht. good price.
But how many meters square ? 30, 60, 80?
OF course city center of the major city is not a great investment. The deals have come and gone. BUT...cities expand, especially with new projects such as mass transit, airports, and developmental regions on the fringes of the cities. Not to mention, many locals make their way to the cities, soon discovering that their lives can be enriched further by moving to up and coming developing towns and cities elsewhere. Personally, I would never invest in a city's heart. Of course, it depends upon what kind of real estate and for what purpose you are seeking to purchase. If it is purely for investment growth, you seldom get into a well established investment, but speculate on investments that show possible growth. Once Covid goes away and people surge to traveling again, tourist destinations are the key in Asia, especially with the Chinese tourist market growth in Asia. I have watched Mr. K's videos a little bit and he seems like he knows what he is talking about, but he leave so many factors out of his equations. What worked for him may not be the rule.
What about now Reid, as we hit the skids of the pandemic? Surely prices will crash in some places and there may be some bargains
Yes prices are half than 10m ago when he made video.
Most of Europe has a demographic decline.
I don't think that would play a big role in investments
europe is not an emerging market
Anyone have an idea how the big C has affected the per m2 condo price in Bangkok?
now is the best time to invest property in Cambodia
It's more expensive. I searched for it.
What are your thoughts on Ukrainian real estate markets now? Their national bank keeps lowering rates and it looks like mortgage market might be back from dead soon.
literally no second hand housing market in Thailand
Yep. You buy a property especially outside Bangkok its your to keep. Very difficult to sell.
Absolute rubbish
My Thai property is my best investment to date. Where in the world can you buy a freehold condo for thb4 million and rent for thb25000 a month for years?
You can’t leverage. 25k is nothing to brag about. I’ve seen people in bali make twice that
@@chinobonito30 25k a month is for long term rental, if I do airbnb, the yeidl is easily more than 10%.
Are you talking about bangkok or thailand in general.. Buying a property to live in or to rent out.. Keep in mind many people make a killing from airbnb from properties in ko samui, phuket etc
I read yesterday Airbnb is illegal in Thailand. But I see alot of listings. Probably thais, for farangs is risky. 2 years prison.
@@sabaidee5587 farting too\
PLEASE LOOKED INTO COUNTRIES WHICH ARE THE CHEAPEST TO BUY AND LIVE ❗❗❗
COLOMBIA, MEXICO, BULGARIA, SERBIA, CAMBODIA, EQUADOR, BRAZIL......AND MORE.
PICK THE COUNTRY THAT CAN SERVE YOU ON A SILVER PLATTER AND PEOPLE WHO CAN KOW TOU TO YOU BECAUSE OF YOUR MONEY ❗❗❗
GOOD LUCK IN YOUR FINDING .
Good job on the video............thank you
I'm still buying
Go where you’re treated best
Stocks are better than real estate.
Sports betting has the best return
Bangkok is still way cheaper than NYC!
condos are dead land is still a great investment here.
After a lot of R&D on thailand Visa.. i found that entire process is a joke.. even present LTR.
If somebody is interested in buying a house near a BTS around don muang please let me know.
This must explain all the tall condo buildings close to the river that are unlit at night. That was one of my first impressions of BKK during my first visit last year.
I think you'll find the vast majority of completed Riverside condos are completely sold out from the developers. Just because the units are unoccupied doesn't mean they are unsold. Many owners choose to leave their units empty and simply chose to invest in property rather than leaving cash in an account earning little to no interest! The more popular buildings are rented out to almost 90% occupancy in a lot of cases so things are not always as they seem
What about the massive (potential) buyers from China ? They seem to have a positive affinity towards Bangkok and property investment in general . They pay the full purchase price in cash , they don't require bank loans and they don't really care If the property can be rented out . (One can infer the positive vibes by viewing Chinese social media/web sites using Google translate like me )
Quite the opposite they are to the "Cheap Charlie" mentality
For precedent & guidance , just look no further to the property markets of Hong Kong , Singapore , Australia , Canada etc.
The Chinese have literally push prices thru' the roof in all these developed economies.
IF even 1% of the China people move to Bangkok ; it will have a significant (positive) effect on property prices and Thailand demographics .
So is Camboda, its even worst in Cambodia, price is higher than Thailand,
Well, real estate value should go down then, if there are a lot less foreigners going there and investing! So the prices going down, it might get interesting to buy !!!!!!!!!!
Investers make money without work. Poor people have pay for it.
Psst! Reed, your top-button is buttoned.
That said, solid video and I appreciate the info!
He's got one of those new invisible ties.
I would love to stay in Dubai and take a tour here n there..
COVID certainly has hurt the tourism massively.
I like this guy's accent.
jqueryrocks is it Canadian? I can't place it.
He's from California. It's not an accent you are hearing. It's a distinctive speaking style.
Not sure myself what it is. Born in LA, lived there for 14 years, then Texas for another 4 years. Haven't lived in a "native English" country since then
jqueryrocks It’s the voice of real authority!
@@GleeSmee I think what you are hearing is Asperger's. This young man is on the spectrum. God bless him.
Ha ha ha ha you know only a little bit real state in Thailand . Please don’t make a vlog on negative information maybe you lost in investment.
Have to agree with you, I have worked in the Bangkok property market for many years now and it gets tiresome to hear the same old non factual nonsense going around and this is a great example of that!
same here - author doesn't understand Thai property market
@@condodee - Do you?
30 years you'll be underwater, so there's that to consider as well...
Hi, thanks for this very insighful video.. Do you think that tourist cities like Pattaya and Phuket are not worth anymore? or you foresee some good market opportunities in the near future?
@@charlesogier6469 Hua Hin is completely overbuilt and over-priced. As for 7% guaranteed yields, the 7% is built into the price. And who in their right minds buys a leasehold in Thailand? My Chinese landlord in Bangkok is getting circa 2% on my unit; I live in a top, riverside location.
@@jamesbarr2357 Hi.
Do you think the prices will fall because there are too many unsold condos in Bkk and because after Corona the economy worldwide is not more the same?
awesome content
Maybe in Chiang Mai
Thailand is risky for investors as there is political unrest coups and over throwing governments which is a serious concern, Thai government could change foreign ownership at any time which makes it very risky.
go away then
เพราะพวกปั่นราคาไง พวกมึงก็ยังจะซื้อ
I think now would be the time to buy.
I think this time right now would be the short time in which to get the deal. ( Covid)
Did you follow any news? Now is the worst time to buy.
Great analysis.
Yuppies fry. YO HO! It's a slumlords life for me. 3K/meter not on a bet. 1k makes money 3k is gambling. Never buy anything you would live in.
Why the Western Real Estate Market is Dead and gone to hell.
broad brush a bit?
this guy does not know what he says in terms of prices and conditions
I doubt he even been to Thailand
Just making a crazy titles
agree
sounds cheap for this video
agree
Sir plz 🙏🙏🙏 my help me any country visa how to apply plz 🙏😇 sir
Agree! Excellent analysis.
I mean I don't see why investing in Thailand condos isn't a good idea because Thailand itself like the Philippines is the two worlds adult playgrounds and tourist mainly adult men only come there for one thing.
You are telling the absolute truth.....
what about Laos.. can we buy in ......
Vientiane...or not
Is it profitable....
I enjoyed this presentation. Great guest!
hes a clown
WE need to talk Reid :)
I totally agree with Elon musk over his Bitcoin moves and beliefs. I share the same views. I earn a lot from trading Bitcoin but I believe just like my mentor and financial advisor that other alts should be given a chance to thrive
Great video! Thanks very much.
Glad you liked it!😍
nice video
Population decline is a good thing .
Until property investors can actually own the land then I am not interested as it is too risky Russian roulette investment.
Thailand is actually one of a number of countries in South East Asia alone that prohibit a foreigner from owning land, its not just Thailand
Is thailand only bangkok...?? No.
Andrew finally has a henchman!!!
Asia, it's over for Europeans ... and only Chinese are really welcome everywhere now. ... please don't invest in Asia 🙏
L’Asie , c’est fini pour les européens … seuls les chinois sont vraiment bienvenus partout maintenant.… surtout n’investissez pas en Asie 🙏
Asia, se acabó para los europeos ... solo los chinos son realmente bienvenidos en todas partes ahora ... especialmente no inviertan en Asia 🙏
I don’t think Chinese are welcome in anywhere. I know for fact every single asian countries including mine hate Chinese/China. Literally nowhere is welcoming Chinese but that dose not stop Chinese. Chinese use cash instead of mortgage. Thats all.
🤯
Now it’s cheap cause Covid lolll
Still massively overpriced
Wow, he couldn't sit still. Over agitated 🤣
Great info but I like Andrew!
you feel like a fool now huh !
He is putting on that voice and mannerism?