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bkk6060

Is this a good time to buy a Condo?

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I am not in the market to buy.

But, I have a couple of friends in the business here.

70% of the sales over the past few years have been to Chinese. Especially the new construction majority of foreign allotment.

But, this has all just about dried up. Well over 10,000 places still for sale. 

One of my friends showed me a list of some properties for sale now.  

Very surprising how many in the 800,000 to 1.2 million baht range. Surprising how many of them under 1 million b.

And not is lousy areas. Pratumnak, North Pattaya, Nakluea etc.  Many walking distance or a short mb ride to the beach.

On the big picture from my experience and places I have been, pretty amazing really to be able to buy a condo in a relatively modern environment near beaches for around 30,000 US dollars.  

I will keep renting thanks, but I do think there are some possible good buys out there.  Make some low offers if you are in the market you never know probably some desperate sellers.

 

 

Edited by bkk6060
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View Talay 2 Jomtien here  - no farang buyers but before the virus hit Chinese investors were sniffing around looking for a base price of 1m a unit and these are big studios by modern standard 37 sqm. So that is there likely 'priced to sell' value in this current market. Don't see it going anywhere in the near future except maybe down a little bit more. Most units you see listed are far in excess of that. 

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Anyone buying for investment is waiting for the Chinese to roar back after the virus. 

Hope you can afford to wait.

But to live, yeah do it now, presuming we aren't heading to Armageddon.

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I would wait at least to see how this Covid19 pans out .

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47 minutes ago, jacko45k said:

I seriously doubt the Chinese owners letting via Airbnb have work permits. 

if they use agents they don't need work permits apparently. A lot of it comes down to whether the govt want to crack down on things

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1 minute ago, Denim said:

Bad time to make any large investments in Thailand. Until democratic government returns not worth risking any large sums here for anything whatsoever.

That's true, it seems to be heating up. Leaders are embroiled in corruption which means they can't do U-turns

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Buy a house ,much better ,trouble is you need a wife you trust 🙂 luckily i do ,most of the condos i have been in (its a lot) the wife was in the business are so blooming small ,they are not the size of our bedroom .That is unless you have a lot of money spare ,to buy a large condo , like my wife]s friend and her husband , he has a "bigun" to.😁

Edited by ivor bigun
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