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Investment in the Hotel Business. Bangkok

Investment in the Hotel Business. Bangkok

According to the survey in 2016, London became the main tourist destination in the world and was ahead of Bangkok. However, tourism is not the main reason why foreigners come to the country. They often invest in real estate as in a case with Bangkok.

There are five main reasons for this investment.

  • Growing Market

Thailand is the largest market of the growing economy and it serves as an entrance to Southeast Asia. Because of its strategic location, Bangkok attracts foreign investors who want to use the economic potential of the city.

  • Fast Development

The city is developing rapidly. It ranks ninth among the ten fastest growing cities in the world and its infrastructure is expanding. In the capital, investors are looking for areas that have the most promising opportunities because of their perfect access to all types of public transport.

  • City Charm

Despite the fact that the city is developing rapidly, it has its own charm and authenticity. In this place, life seems to be a constant holiday. You may spend the day on a river ferry, have breakfast in a five-star hotel overlooking the Chao Phraya river. Take a walk along the winding alley where traditional food is sold, visit the spa salons with good prices, go shopping at the market or shopping malls. You may also go to the seaside which is only 2 hours away.  Majestic temples, palaces, and museums carefully keep the secrets of the diverse Eastern culture. At night Bangkok turns into a giant entertainment center. Hardly anywhere else you will spend time as fun, brightly and crazy as in the ever-beating heart of Thailand.

  • Prospects for Investing

Property prices in Bangkok set records every year, especially in the Central business district. They become higher than 250 thousand per square meter and continue to grow. If you want to buy property in this country now is the time. Prices for luxury homes and hotels so far lower than in other Asian countries. In this way, you may invest in the long term.

  • The Laws are Hospitable to Foreigners

According to the laws, foreigners can buy and have condominiums up to 49 percent of the total area of immovable. Once a foreigner receives a document of ownership he also as a resident of Bangkok has 100 percent ownership for it. If you want to buy a property, start looking for it as quickly as possible to find it in the best places.

For a safe and easy purchase, you may find a developer who will grant you 100% ownership. If the area you want to buy is located in the center of the city, a professional real estate company with 30 years of experience would be the best choice.

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