Ready to invest in property in Thailand? Discover the top reasons why investing in property in Thailand is a smart move. From stunning locations to high rental yields, we have all the information you need to make your investment decision.
We all get many different pieces of advice throughout our lives and some of it we find helpful and some of it we just ignore. We want advice from friends, family and professionals because we want to enjoy the best of things in this life because we only get one chance at it and so it’s better to make it worthwhile.
Why Investing in Property in Thailand?
Many of us don’t want to be worrying about our financial situation today and in the future either and so the majority are looking for new ways to invest their hard-earned savings to build a suitable nest egg so that maybe they can retire a little earlier than everyone else.
Any financial adviser worth his or her salt will always tell you that you need to look to the property market if you want to make sound investments with low risk. Investing in property in Thailand can be a very smart and very profitable way to increase your current wealth and to provide a stronger future not only for yourself but for your family members as well.
There are properties out there just waiting for someone to bid on the them and you can always find a condo for sale in Jomtien which will not only offer you a property in a beautiful part of the country but it has excellent rental potential as well.
If you’re not sure if buying property is the right move for you with regard to your financial future, then the following are just some of the top reasons why you definitely need to be investing in property in Thailand.
It provides you with cash flow
It’s likely that you already have a full-time job to provide you with the money that you need to pay your daily expenses but having an additional property also provides you with a very steady and reliable income from rental fees.
This will more than cover the price of the loan that you took out to buy the property in the first place and there will be money left over for other things. You can either bank this money or put it back into your property so that its value rises even more.
Property continues to appreciate
We have only past history to rely upon but it always tells us that the price of property just keeps going up and up. Depending on where you buy your property and it is a specific location, prices have doubled and even trebled over the past number of years.
As was mentioned briefly before, any excess money that you make from renting it can be reinvested into the property itself thus increasing its value and therefore its income potential.
It provides you with leverage
If you want to borrow money from various lending institutions to pursue other avenues when it comes to building a nest egg for your future then these same lenders like banks and building societies, will be more likely to lend you the funds that you need if you have leverage behind you in the form of a property.
You can always use the equity in your condo to be able to borrow money therefore increasing your overall financial portfolio.
There are the tax benefits
None of us like to pay more tax than we need to and the good news is that the government will actually allow you to have deductions for any mortgage interest payments that you might make.
You can also include depreciation in there as well as any repairs and management fees that you have to pay. This means that your property is not only earning you money but it will also allow you to save money on your taxes as well.
It can be a hedge against inflation
It can be difficult protecting yourself from inflation but property helps you to do that very thing. As was touched on briefly before, prices of property in Thailand are going up every single year and so this can keep you ahead of inflation rates.
If you are smart, you will try to sign yourself up for a fixed rate mortgage with your lender and that way you know exactly how much you would be paying out every single month and so your property and the payments for it will become cheaper over time.
It gives you back control
It is important to be in control of your investments and with a property, you have something very tangible that you can do whatever you want with.
You can decide to sell it now or further down the line or you can decide to rent it out until such times as you feel the price has risen sufficiently. Whatever you decide to do, you always have an influence on the type of returns that your property will provide you.
You can diversify your portfolio
Everything in this life is all about reducing any risks that might come your way and by investing in property in Thailand, you are protecting yourself and you will not experience such fluctuations as you do when you purchase stocks and bonds.
If your first property turns out to be a complete success financially then you might want to get involved in other types of different properties in other locations.
Best of all, you have an asset that is incredibly tangible and it is very durable as well. Your property will always be there standing up to various financial crises and still coming back strong. The demand for housing is always strong and as places like Jomtien continue to become more popular, families will be moving into the area and they are going to need somewhere to live.
The same applies to the many holidaymakers that make their way towards Thailand every single year and these people are going to need somewhere to rent. This is going to be a win-win situation for you and so invest in property and watch your investment grow.
Also Read: Top 50 Richest Persons in Thailand [2024]