How much is the house price in Thailand per square meter?

First, the basic situation of real estate in Thailand

1. Good aspects of Thailand

Thailand is the second largest economy in Southeast Asia and the center of ASEAN. Its political environment is relatively stable, and it has always maintained good diplomatic relations with China (compare the fluctuation of Korean-Japanese relations).

Thai land is a permanent property right, but foreigners can't directly own the land. In general apartments (communities), only 49% units can be sold to foreigners at most. Don't worry too much about this. The apartment is also a permanent property right. But if the intermediary company says it can give you the permanent property right of the villa, you should be careful, which is not allowed by law. Usually, when people talk about real estate investment in Thailand, they also talk about investment apartments, while in Bangkok, high-rise apartments are often more expensive than luxury villas.

Another advantage of Thai real estate is that it is sold according to the usable area, and it is all finely decorated. If you buy a 40-square-meter apartment in China, you may only get a little more than 30 square meters, and the rest are elevators and pools. In Thailand, if you buy a 40-flat apartment, you will get a 40-flat house. In addition, there is no house inheritance tax in Thailand.

2. Bad aspects of Thailand

Second-hand housing has poor liquidity. Thais have no habit of buying second-hand houses. Many projects that buy their own houses are 0 down payment and 50-year loans. Generally, the way to buy an apartment is to resell it to foreigners with the same investment, or to be recovered by the developer. This will be described in detail in the later "pits that may be encountered".

In fact, this has something to do with the living habits of Thais. Bangkok is very good. Many Thais in Phuket and Chiang Mai, the tourist cities, are lazy, unlike China people in first-tier cities who have a strong sense of crisis and work hard every day. This is what I can obviously feel in the process of dealing with Thai people in the past two years.

Of course, every city will be different, and different cities have different investment strategies.

3. Loans

In the past, China people could pay a down payment of 10% ~ 30% before buying a house in Thailand, and then get a loan from Bank of China in Thailand or Industrial and Commercial Bank of China for up to 20 years. I started at this time, but due to the strict foreign exchange policy this year, Chinese banks in Thailand stopped lending to mainland citizens from June this year. At present, it is said that loans can be obtained from uob, but customers are required to have a certificate of annual income of 500,000 RMB or a certificate of deposit of 500,000 RMB in the bank.

However, the enthusiasm for buying a house in Thailand has not decreased at all, because for many people who can't invest in real estate in first-tier cities such as Beijing and Shanghai, the full payment for buying a house in Thailand is similar to the down payment for buying a suite in Beijing. And generally speaking, the apartments you invest in are faster, so they are all paid by installments, and the payment ratio is roughly as follows:

30% of the contract price

Construction funds 35%

Transfer payment 35%

4. Foreign exchange restrictions

In recent two years, China has strictly controlled individuals' foreign exchange. Nominally, the amount of foreign exchange purchased per person per year is $50,000. Based on a 30-square-meter apartment in the north of Bangkok, the price of the auction house here is about 28,000 RMB per square meter. The total house price is RMB 840,000. The down payment is 30% 252,000 RMB, which is less than one person's annual foreign exchange purchase quota. If it exceeds this figure, it can also be solved through a family's foreign exchange purchase quota.

5. developer leasing

If you know something about real estate in Thailand, the agent you contacted may introduce it to you. Many developers will rent your apartment for 5- 10 years after the house is built, and guarantee to pay you 5%-8% of the house price every year. There is probably a pit here. You should keep your eyes open. We'll talk later.

Two. Urban analysis

1. Chiang Mai, Phuket and Pattaya

Chiang Mai, Phuket and Pattaya are all tourist cities, among which Chiang Mai is the second largest city in Thailand, while Phuket and Pattaya are both seaside tourist cities. The three places are divided into low seasons. Generally, the off-season of Thailand tourism is April-10. If you expect the rental income of the house, you need to consider the flow changes in the off-peak season. Among them, Chiang Mai has a little more permanent residents, because it is a city after all, and the number of China people studying, working and living here is second only to Bangkok.

Chaidilong Temple in Chiang Mai

Generally speaking, the consumption value of these three places is greater than the investment value, which is suitable for self-occupation, more like the real estate value of Beidaihe now. If you stay in Thailand for more than three months every year, or your parents decide to retire in Thailand, then these places are worth starting, otherwise it is not recommended as an investment option. In fact, many Europeans and Americans have done this since the last century, because the climate here is pleasant and the cost of living is low. When you are not in Thailand, you can also hang your house on Airbnb for rent.

Personally, I choose Chiang Mai because I often go to work in Chiang Mai. Chiang Mai is different from Phuket and Pattaya, and many people regard it as an immigrant destination. Chiang Mai has a pleasant climate and education is in line with international standards. I know many Chinese living in Chiang Mai, all from first-tier cities, who come to Qingmai to open homestays and restaurants in order to send their children to international schools. There are many good international schools in Chiang Mai, and the prices are much lower than those in first-tier cities in China. Chiang Mai University is also the top three universities in Thailand. Many students in the west of China choose to come here to go to college. There are also many advertisements for TOEFL and IELTS training in Chiang Mai Street.

Language training advertisements seen near Chiang Mai University

Thailand's medical level is also good, especially the success rate of IVF is relatively high. Many people in China choose to come here to be IVF. Generally speaking, foreigners can't enjoy medical insurance in Thailand, but the price is not high.

However, the investment value of Chiang Mai, Phuket and Pattaya is really small. Some developers or intermediaries will even promise a rental income of 10% per year for five years, which is comparable to the income when P2P just emerged. Where do you think those P2P are now? Have they all gone to Phuket? Do you know where these developers in Phuket will go in the third year?

Where there are many Chinese, there must be Chinese who want to cheat their compatriots, and the prosecution process after being cheated overseas is very complicated, so you must keep your eyes open when buying real estate overseas. Generally reliable developers will not promise such a high rate of return or simply do not rent. When choosing real estate in these places, we must pay attention to:

① These places are not suitable for investment, but only for self-occupation, depending on their asset allocation;

② It is impossible for China people to buy villas with permanent property rights;

Don't listen to the high return promises of small intermediaries and small developers, and you must choose the projects of big developers.

Phuket is really a beautiful place, but it's just a holiday.

2. Bangkok

Bangkok is the only place to invest in Thai real estate, and it is also the place with the highest rental return rate in Thailand.

Bangkok's economy accounts for 44% of Thailand's total, and Bangkok Port undertakes 90% of Thailand's foreign trade. Bangkok is not only the political, economic and cultural center of Thailand, but also an international design and creative center. If you have seen the magical advertisements in Thailand, you will definitely agree with this. The headquarters of many multinational companies and international organizations are also here. The video is an introduction of Bangkok by The Wall Street Journal:

Bangkok is the only city in Thailand that can make you feel like living in an international metropolis. Of course, there is also the problem of big cities-traffic jams, and traffic jams are not generally serious.

Sheripa, general manager of Uber Thailand, said that the company's survey shows that Bangkok is the city with the most serious traffic problems in the entire ASEAN region. The direct economic loss, opportunity loss and capital loss caused by traffic congestion in Bangkok reach 9 106 billion baht (about/kloc-0.84 billion RMB) every year. Every car in Bangkok loses157,000 baht (about 30,000 RMB) due to traffic jams every year, which affects 2-5% of Thailand's GDP. Uber believes that it is necessary to develop public transportation and public transportation technology, because it can reduce the number of vehicles in Bangkok by 60% to solve traffic problems.