Sometimes they return: in Phuket dominate the rents
Who has never been attracted to the wonderful and unspoiled Thailand? Recently, on the basis of the strong growth of interest in this land, we have published a mini-guide precisely aimed at discovering this enchanted place. In this period, although this nation is always considered as a real paradise, a very particular and interesting phenomenon emerges. The Thai real estate market seems to be stepping back, but not as far as transactions are recorded. But on the type of contract favored by investors.
In fact, it has returned to a real "boom" of leases, to the detriment of those of sale and purchase. The few who decide to stand out from the crowd, opting instead for the purchase of property, are '' adapting '' by choosing the low-end villas and with a price of less than 35 million THB (which corresponds to 1 million dollars). Who are the investors who lead this revolutionary wave? Without a doubt, in the first place we identify the Chinese, followed by Japan and Russia. In short, a whole capital of capital. Furthermore, according to the statistical data, the decline in the interest towards purchase and sale contracts is not yet absolute. In fact, this trend is expected to continue over time, with even more evident effects.
One of the main reasons for investors to sign leases is the lowering of their average age. More and more young people are opening up to the world of the real estate market, often to live a unique experience abroad but at the same time temporary, or to start a new page of their life. In any case, the result is analogous. The impossibility of enjoying a solid financial asset, especially leads the Millennials to make a less important investment but, no doubt more adhering to their needs. But this has certainly not stopped the Thai government to adopt new lines of political - economic guidelines, oriented precisely to the need to stimulate the sale of property.
In fact, there will be facilities for all those who decide to buy a property in Thailand, to be able to unlock this period that seems captained by the ghost of rents. The exceptionality of this phenomenon is given by the absence of such a strong decision in the history of the Thai real estate market.
Despite everything, it should be noted that Thailand remains one of the most visited destinations in the entire Asian continent, which is why, from an economic point of view, this turnaround will not cause financial damage. There is (and probably will continue to be) a shift towards a type of contract to the detriment of the more traditional.
However, this land is expanding on all fronts, so much so that, according to economists, this phase is simply synonymous with a historical - social change of investors who are currently entering the Asian real estate market.
And you, will you opt for a lease or sale contract?
In fact, it has returned to a real "boom" of leases, to the detriment of those of sale and purchase. The few who decide to stand out from the crowd, opting instead for the purchase of property, are '' adapting '' by choosing the low-end villas and with a price of less than 35 million THB (which corresponds to 1 million dollars). Who are the investors who lead this revolutionary wave? Without a doubt, in the first place we identify the Chinese, followed by Japan and Russia. In short, a whole capital of capital. Furthermore, according to the statistical data, the decline in the interest towards purchase and sale contracts is not yet absolute. In fact, this trend is expected to continue over time, with even more evident effects.
One of the main reasons for investors to sign leases is the lowering of their average age. More and more young people are opening up to the world of the real estate market, often to live a unique experience abroad but at the same time temporary, or to start a new page of their life. In any case, the result is analogous. The impossibility of enjoying a solid financial asset, especially leads the Millennials to make a less important investment but, no doubt more adhering to their needs. But this has certainly not stopped the Thai government to adopt new lines of political - economic guidelines, oriented precisely to the need to stimulate the sale of property.
In fact, there will be facilities for all those who decide to buy a property in Thailand, to be able to unlock this period that seems captained by the ghost of rents. The exceptionality of this phenomenon is given by the absence of such a strong decision in the history of the Thai real estate market.
Despite everything, it should be noted that Thailand remains one of the most visited destinations in the entire Asian continent, which is why, from an economic point of view, this turnaround will not cause financial damage. There is (and probably will continue to be) a shift towards a type of contract to the detriment of the more traditional.
However, this land is expanding on all fronts, so much so that, according to economists, this phase is simply synonymous with a historical - social change of investors who are currently entering the Asian real estate market.
And you, will you opt for a lease or sale contract?
