In recent years, people migrating to other countries has been on a rise. The main reason behind this can be seen as an opportunity to lead a better life than they have been living in their own country.
There are a number of popular cities in the World that has attracted immigrants from all over the World and Bangkok is one of them. Many foreigners also see it as a profitable option to invest in Thailand Property. Once you go through the article you will come to know how real estate market in Bangkok will offer you a good choice for your second home after retirement.
Thai Market Is On A Constant Rise
In the last decade or so, the price of Thai Property has nearly doubled then it was earlier. These prices will further increase in the coming years. A high-quality apartment or condo that was available for 50000 Baht/ sq meter a decade ago will cost you around 120000 Baht/ sq meter. In no case, these prices are going to see a steep fall. You may see a fall in prices but there is nothing alarming or worrying about it.
Fast Developing City
The GDP of Thailand is increasing at a very fast rate. The country might be still in the developing stage but it has a growth rate that is better than US, UK and the European countries. The people of the country have been benefited by it. Along with the economy, the Thai people are also getting a tad richer that too very quickly.
Infrastructure and Facilities
It is true that the infrastructure of Bangkok is not at par with some of the developed nations however it is not that bad either. But when compared with other South East Asian cities like Jakarta it is not that bad either. Bangkok has a number of metro stations that offers people an easy access to the city. It is only second to Singapore on the metro system. You will be able to find miles of tracks both underground and raised.
Earlier Singapore or Hong Kong were the only two options that were available for people who love shopping. But with the growth in shopping infrastructure, Bangkok is becoming a proffered choice of millions of Asian people. The best part about Bangkok is that you can get items that are mid-ranged and of very high quality. This is not the case with Hong Kong. Over there either you get a low end or very highly priced items.
Live An Easy And Relaxed Life
When compared with all the other South East Asian cities, Bangkok will offer you one of the most relaxed experiences. Foreigners from a wide range of cultures are welcomed over here that enables them to live happily. There aren’t many rules and regulations even. Due to this, an expat who visits the city for his vacations generally tends to settle down in the city or keeps on visiting it on a regular basis.
In The End
After having a look at the above points it is evident that you would want to choose Bangkok as your second home especially if you are looking to make your retirement a peaceful one. Along with this Bangkok gives an awesome opportunity just from the point of view of investment. A number of foreigners have already bought a number of condo and apartments in the city.