People who rent out their rooms via Airbnb on a daily or weekly basis are acting illegally, according to a recent court ruling handed down to the Wan Vayla Condo in Hua Hin district of Prachuap Khiri Khan province. The court ruled that people renting out their rooms have not obtained a licence to run […]
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THE property market is expected to expand at least 5 per cent this year, according to the consensus from the listed developers that have posted double-digit growth for the first quarter compared with the year-earlier period. Nine of the 11 developers that have announced their first-quarter results reported strong gains in net profit from the […]
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The outlook for the Thai economy in 2018 appears positive, based on trends that we saw emerging in the second half of last year. Most property developers have announced investment plans that feature higher revenue targets compared with last year. Available information so far shows that listed developers plan to launch about 400 billion baht […]
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Drive past Sukhumvit-Asoke intersection and you may notice a new billboard has come up in the past few days advertising a special discount for buyers of a high-end condominium project on Sathon Road that until recently was being touted as having been 100% sold out. One would be forgiven if they thought that this was […]
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Highlights The Bangkok condominium sector in 1H 2017 showed positive growth adversely to recent market concern about possible oversupply situation. Total number of new supply in 1H 2017 increased 39% to 30,493 units compared to 21,927 units in 1H 2016. On demand front, there were 27,275 condos sold in the first half of 2017, up […]
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It’s not a secret that Thailand’s real estate market is far less regulated than most Western countries, and even some Asian regions. That is why it’s important for property investors to rely on a credible third party with global reputation and expertise in the Thai property marketplace. RE/MAX CondoDee has established and created PhuketLux with […]
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Thailand ranks #3 in South-East Asia for the total hotel investments amount Thailand’s hotel success story is continuing. Earlier in the year JLL announced that the Kingdom was having a record breaking year thanks to an sharp increase in investment. Now the real estate firm can reveal that Thailand has the third highest level of activity within […]
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This Is the Best City in The World (Hint: It’s Not New York, London, or Paris!) Looking for an new, fun destination to visit during your next vacation? Whether you’re a budding traveler or seasoned jet setter, don’t settle on a typical trip to Paris or London. Sure, those cities can certainly dazzle. But if you’re feeling inclined to hop […]
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We all look for great rental yield when we purchase property as an investment so Rental Yield Guarantee Programs are perfect for just that as you will receive rental yield per year guaranteed without having to do anything. Here are the main factors to consider when choosing Rental Yield Guarantee Programs for Investors in Phuket. Well-Established Management Team Please check that well-established management […]
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Property Ownership in Thailand in general, and in Phuket specifically, is efficient and easy to understand. Every project will have a percentage quota for Freehold and Leasehold: at least 51% of the project will have to be owned in Leasehold Ownership or by Thai citizens; remaining (up to maximum of 49%) of the project can […]
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