Why is it profitable to invest in real estate in Thailand?

In 2022, Thailand's capital Bangkok has become the most popular tourist city according to Airbnb! We talk about the value of real estate in the country and rental income. Thailand wins over all European countries in that tourists come here all year round.

When, as in popular European resorts (Spain, Greece, Turkey), the tourist season lasts no more than six months. In the off-season, the rental of real estate there is not in demand and thus incurs a loss to the investor.

It is important to note that the capital of Thailand, Bangkok, has become the most popular tourist city according to Airbnb!Bangkok topped the ranking of cities around the world in short-term private housing rentals!

The annual tourist flow of Thailand is 10 million tourists and this number continues to grow. The Thai Ministry of Tourism expects the number of visitors to reach 13-14 million per year by 2024.

Apart from Bangkok, the most popular cities in Thailand are Phuket, Pattaya, Koh Samui and Hua Hin.

The city of Phuket deserves special attention, which is becoming the second center of tourism in Thailand. The project has already been approved and the construction of a new Phuket International Airport, the second for such a small island, is beginning - which indicates the tourist attractiveness of the city.

Pattaya, with its climate, sandy beaches, clear water and a variety of entertainment, is the main resort of Thailand, its tourist "Mecca".

On the island of Koh Samui, located in the Gulf of Thailand, it is officially forbidden to build housing that will be taller than palm trees. Therefore, all the buildings of the island are quite low. Hotels - bungalow type or 2-3 floors. At the same time, bungalows make up 80% of the island's housing stock.

Hua Hin is an old, generally recognized “royal” resort of Thailand, where you can relax with the whole family in peace and tranquility.

Price per square meter by city (according to the source numbeo.com as of the beginning of 2023):

• Downtown Bangkok €5,260 (฿189,461)
• Outskirts of Bangkok 2,500 euros (89,680 ฿)
• Phuket Center - €2,740 (฿101,666)
• Outskirts of Phuket 1896 euros (68,333 ฿)
• Central Pattaya €1,865 (฿67,222)
• Outskirts of Pattaya 1047 euros (37,731 ฿)

According to Numbeo.com, the world's largest database on the cost and quality of life of people in different countries, the cost of rent in Thailand is as follows (data current as of early 2023):

• Phuket One-Bedroom Central Apartment €388 (฿13,968)
• Phuket three-bedroom apartment in the center 1 027 eur (38,125 ฿)
• Bangkok Central One-Bedroom Apartment €580 (฿20,835)
• Bangkok, three-bedroom apartment in the center 1960 euros (70,620 ฿)