4 Best Cities to live in Thailand and Why

Bangkok

Bangkok is one of the world’s top tourist destinations. Bangkok attracts millions of tourists every year and as a result, there is a high demand for condos including new developments, rentals, and resale property market in the city. In recent years, we have seen a massive increase in property prices in Bangkok due to the consistent development and economic growth in Bangkok. 

So why is Bangkok a great city to invest and live in? Firstly, if you’re a foreigner, you have the right to own freehold condos in Bangkok according to the property ownership law in Thailand. This allows you to not just own, but resell or pass-on condos without restrictions. From the recent statistics, investors can make up to 4-6% gross rental yield on condos in Bangkok City Center. This is why Bangkok attracts a number of foreigners and is known as a multicultural city.  

On top of that, Bangkok simply has everything you need in one place. The city center (known as Sukhumvit Road) has everything from street food stalls to michelin star restaurants located in world-class hotel chains. You can also enjoy your evenings with a glass of cocktail while experiencing the most beautiful skylines and views of the city. Bangkok city center also has some of the largest and most recommended shopping malls, hospitals and International schools.  

Transportation is key in Bangkok city, you have the options of taking taxis, motorbikes, or the sky trains located all within your reach. If you prefer a more calm and peaceful neighbourhood, then The Chao Phraya Riverside residences would definitely tick your boxes. At Right Key Estate, we have a wide range of inventory with different price ranges and qualities. Our local agents know the city in and out and are welcome to help you discover your perfect home. 

Phuket 

Phuket is an ideal location for investment and residential property. Property prices in Phuket remain well below regional real estate markets. The real estate market in Phuket has yet to peak and has a huge potential for investment. Known as the Pearl of Andaman, Phuket is well-known for having some of the most amazing beachfront pool villa homes and condos which is why Phuket is the perfect destination for retirement, expat living and holiday home. 

Phuket is known for having some of the most amazing islands in the world perfect for those looking to find a summer home in a warmer climate. The amount of tourists in the city continues to grow each year with many new developments being built in the coming years. This tropical paradise is perfect for people of all ages due to its peaceful beaches, vibrant nightlife & the variety of activities it offers such as shopping malls, golf courses, yacht marinas, natural parks and more. 

The reason Phuket attracts a number of foreigners is due to its well-established infrastructure, international airport and quality services making relocation much more convenient. If you’re a family with kids, the island has excellent international schools with an extensive support network of clubs and societies available for foreigners. Feel free to speak to our local agents if you’re looking to invest in Phuket. 

Pattaya

Pattaya, known as the beachfront resort city on the Gulf of Thailand has bloomed due to a large number of both Thai and Foreign tourists each year. The Real Estate in Pattaya has been one of the fastest growing and sustainable industries in the past years. Pattaya is located only 2 hours from Bangkok City making it a perfect weekend getaway, leisure, relaxation or a retirement place. 

The city is never asleep! You can experience the perfect morning at the beach but once the sunsets, the city is full of lights, music and energy! Tourists love Pattaya due to the happy lifestyle, low cost of living and the scenic beauty it offers. A number of beautiful beachfront restaurants and sky-bars have recently opened up. If you’re more of an outgoing person, you can enjoy all the beach activities, visit the waterparks or even the floating market. 

On top of that, Pattaya has been investing heavily in the city’s infrastructure. The local U-Tapao International airport has expanded to increase access to the city and a high-speed rail link is in the progress to be built and is said to connect Pattaya to Bangkok city within the span of 30 minutes. There has also been an expansion of the Laem Chabang SeaPort which connects Pattaya city to many other areas in Thailand. Speak to our local agents now about investing in pattaya real estate. 

Samui

Koh Samui is a popular destination for property investment for several reasons:

  1. Beautiful natural surroundings: Koh Samui is known for its stunning natural beauty, including white-sand beaches, crystal-clear waters, lush tropical forests, and stunning mountain views. This makes it an ideal location for those who want to own a property in a tropical paradise.
  2. Growing tourism industry: Koh Samui is one of Thailand’s top tourist destinations, attracting millions of visitors each year. This has led to a growing demand for vacation rentals and holiday homes, making it an attractive location for property investment.
  3. High rental income potential: Due to the growing demand for vacation rentals on Koh Samui, many property owners are able to generate high rental income from their properties. This can make it a lucrative investment opportunity for those who are looking for a passive income stream.
  4. Strong property market: The property market on Koh Samui is well-established and has been growing steadily in recent years. This has led to a range of investment opportunities, from luxury villas and apartments to more affordable homes and condos.
  5. Foreign ownership: While foreigners are not allowed to own land in Thailand, they can own buildings or structures on leased land. This means that foreign investors can purchase a leasehold property on Koh Samui, making it an accessible investment opportunity.

Overall, Koh Samui offers a combination of natural beauty, a strong property market, and high rental income potential, making it an attractive location for property investment in Thailand.

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