General Info about Apartments in Bangkok

Bangkok Population is growing

Like all flourishing modern cities, Bangkok is experiencing a population surge as its stable economy has been drawing investors from around the world as well as locals who have quickly filled up the city’s job market. Urbanization has been rapid for Bangkok, and tourism remains a viable source of income. It’s little surprise then that apartments for sale, Bangkok usually find themselves with new owners after only a short time.

Apartments, can also be known as condominiums or flats, are exclusive living spaces located in high-rise buildings in the heart of Bangkok. Real estate developers built these apartment buildings as a means of giving Bangkok’s workforce, consisting mostly of young professionals, housing options. The goal was to offer the city’s residents a home that keep them near their workplace and the conveniences Bangkok has to offer without sacrificing privacy and comfort. The demand was there for these Apartments for sale and met.

Amenities for apartmemts

Apartment buildings are generally equipped with recreational facilities like spas, swimming pools and gyms along with day-to-day servicing needs like laundry or cleaning. They have twenty-four hour security, high-end alarm systems and a supervising staff. Tenants of apartment buildings usually keep to themselves and value the peace and quiet the place gives. Looking at the long-term advantages, an apartment will have a high resale value and if rented out, will provide a good income to the owners.

Price considerations of Bangkok Apartments

Prices of apartments for sale in Bangkok vary depending on the size of the unit and its location. Studio types that are between 55-60 square meters may go for as low as $90,000 if unfurnished. Penthouse suites with around five bedrooms and four baths with a size of 100-200 square meters will go for around $120,000, again depending on its condition. Apartments nearer to the Skytrain and subway lines are much more expensive too. Bare, as is apartments come cheaper than fully furnished and finished ones.

Legal Considerations for Apartments for sale in Bangkok

An apartment under the condo laws is the only type of property a foreign national is allowed to legally own in Thailand. Because of this, apartments that are for sale in Bangkok are quickly purchased by foreigners who intend to settle down in the city. In order to purchase a unit though, there are several regulations that need to be addressed. One that the customer must have is the ability to fully pay for the apartment in foreign currency; funds must be recorded on a Foreign Exchange Transaction Form, one must have a bank account in the country and must be in the country at the time of purchase. Another rule is that foreigners are not allowed to exceed 49% of the population in one apartment building.

There are plenty of real estate agents who advertise apartments for sale in Bangkok. They can be found in phonebooks, through print and television ads or on the Internet. The good thing about these agencies is that they not only offer interested buyers a myriad of apartments to choose from, they can also help a person sell or rent his or her apartment unit. Truly, with the number of housing options available in Bangkok, it’s not only the city to work in, but also to live in. Yet choose wisely your property agents. Here at the Bangkokhouse web site with our agents at Bangkokfinder, we have been in business many years with a great record of achivement for our clients. Our friendly english speaking staff is here to find you a great Bangkok Apartment.