Jump to content
BANGKOK
TPDH

Is now a good time to buy a condo in Bangkok?

Recommended Posts

39 minutes ago, BritManToo said:

Tell that to all the foreign guys that bought, and can't get back into the country.

10MBht as a gift for a Thai chick  ..... you'd have to be bonkers.

That's them, and similar situations are by no means unique to Thailand.

 

Property ownership in foreign countries, particularly in Third World countries, has risks along with the rewards that one should be prepared to assume. Otherwise, one really should follow our TVF Little Miss Muffet Rule with regard to residency in Thailand. And then of course promote it whenever the question condo ownership comes up, as it does quite often.

 

If they bought long term, they'll someday return to live the dream again, underlining my point. Could be sooner than later, as things seem to be loosening up month by month. Lesson: don't ever leave, or if so then at least hasten back upon hearing the slightest rumor of a new pandemic. Take out Thai citizenship as well.😉

Edited by BigStar

Share this post


Link to post
Share on other sites

Start looking at auctions, that's where the best deals will be. The moratorium to repossessions has been lifted 

  • Like 2

Share this post


Link to post
Share on other sites

Based on your original post it sounds like you would either buy a condo to live in or rent for the next 5-10+ years.  Since you are talking about financing I assume you don’t have the money to invest elsewhere.  I think buying is a better option than paying rent. In the end you will have an asset instead of a stack of rent receipts.   I have seen prices drop quite a bit recently but I expect prices to go down even more within the next 12 months.  How much more I don’t know.  With the current policy unrest it is anyone’s guess as to how far the economy will fall.  I also feel that this may also be the time when the baht finally weakens so if your down payment is in foreign currency it may be good to wait.

  • Like 2

Share this post


Link to post
Share on other sites
17 hours ago, Matzzon said:

YES! Now is the time to buy. The economy stands in front of total devastation, probable upcoming revolution in the near future and many people leaving Thailand.

 

So, if you want to pay as much as you can, with the highest possible risk of a bursting bubble. You wish to live with the risk that your property will be broken in to, burned or bombed. That as well as you can not see the signs of all the masses leaving the country. Hell Yeah! Then it´s just to buy! Good Luck!

 

How many people are leaving Thailand, a few people that can't keep their visa in order? Virtually none of the Thais are leaving. 

Share this post


Link to post
Share on other sites
21 hours ago, BigStar said:

If they bought long term, they'll someday return to live the dream again, underlining my point. Could be sooner than later, as things seem to be loosening up month by month. Lesson: don't ever leave, or if so then at least hasten back upon hearing the slightest rumor of a new pandemic. Take out Thai citizenship as well.😉

I've not noticed anything 'loosening up' in the world since the day the borders closed.

If anything, in the west it's tightening up.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   1 member

×
×
  • Create New...