Bangkok Property Investment
Bangkok is the capital of Thailand and the country’s major population center. It is a vibrant and international city with world class restaurants, entertainment venues, shopping malls, services, transportation, and conveniences. Its new Suvarnabhumi International Airport handles the largest volume of passengers ever. Bangkok has the entire bustle of a big city but prices remain relatively low compared to other major cities in the world. And, Bangkok seems to be unaffected by the recent economic recession with new condominium and office developments in progress all over the city.
Although development is booming, domestic buyers are reported to dominate the Bangkok market. Probably one of the biggest reasons for this is because of traffic congestion in the city. Availability of automobile parking also continues to be a problem. Bangkok’s Sky Train (BTS) and underground metro system (MRT) have helped to alleviate a lot of this traffic but congestion still remains. So, developers are building along the BTS and MRT routes so that Thai buyers can move in closer to the business center and have ready access to the train systems. However, it has been reported that some developers are concerned that current projects will create a supply surplus because foreign investors are not looking to buy property in Bangkok. This could be because of restrictions for foreign ownership and recent political unrest.