We talk about the cost of having a condo in Bangkok, and the average salary in Thailand
Buying any Real Estate in Thailand be it a house or a condo requires the services of a reputable law firm. Once you have decided which property you are going to buy, always consult a lawyer before signing any document.
An average one-bedroom condominium with few amenities in the suburbs of Bangkok will generally cost about 1 million baht, or about $32,000, to 2.5 million baht, or about $80,000. These numbers vary greatly depending on how close you are to the city center and the public. transit
Can a foreigner buy a condominium in Bangkok? Foreigners are legally able to purchase up to 49% of the registrable area of a Condo Project (Quota Estera). The remaining 51% can only be owned by Thai nationals or Thai entities. Therefore, foreigners looking for direct and hassle-free property ownership in Bangkok are advised to consider buying a condominium.
Under the right circumstances, buying a condo in Thailand can be a rewarding purchase and a good investment. If you are a foreigner interested in buying a condo in Thailand, there are several issues that you need to know. Thai law only allows foreigners to buy condos under certain circumstances.
| Level | Price per m² |
|---|---|
| Mid-Range | ฿70,000 to ฿89,999 |
| Upper-Mid-Range | ฿90,000 to ฿119,999 |
| High End | ฿120,000 to ฿199,999 |
| Luxury | ฿200,000 to ฿299,999 |
Rental yields and capital appreciation potential: Potential investors can on average earn 4-6% gross rental yield on condominiums in Bangkok Central. In addition to this, Bangkok real estate prices have appreciated due to the city’s development and economic growth.
Under the right circumstances, buying a condo in Thailand can be a rewarding purchase and a good investment. If you are a foreigner interested in buying a condo in Thailand, there are several issues that you need to know. Thai law only allows foreigners to buy condos under certain circumstances.
How much does it cost to buy a condo in Thailand?
The process of buying a condominium in Thailand is quite easy, and only a few requirements must be met: The property purchased must be part of the surface of the 49% of the project that could be owned by foreigners. This can be easily checked in the developer’s office directly with the responsible judge.
Now is a good time to buy below pre-pandemic market prices and just wait for prices to rise as the world reopens for business. This will start to take effect once the international borders reopen and especially when the Chinese start to become confident again with international travel.
Rental yields and capital appreciation potential: Potential investors can on average earn 4-6% gross rental yield on condominiums in Bangkok Central. In addition to this, Bangkok real estate prices have appreciated due to the city’s development and economic growth.
Thailand has a salary of 24,500 THB (734 USD) to 433,000 THB (12984 USD) in a month. And their average monthly salary is 96,900 THB (2904 USD). The country has an average salary of 103,000 THB per month, which implies that 50% of the Thai population earns more than 103,000 THB, while the other 50% earns below 103,000 THB.
What is a good annual salary in Thailand? On average at about 1,160,000 THB per year. In addition to fixed wages, employees are offered wages based on compensation and hourly work. The average monthly salary in Thailand is about 96,000 THB (2904 USD). With an average salary of 103,000 THB, 50% of the population earns a decent annual amount.
The Thai middle class is currently emerging, and it is expected that about 13 percent of households will earn at least 525 thousand Thai Baht by 2020.
The Minimum Wage in Thailand averaged 157.86 THB/day from 1973 to 2022, reaching a high of 336 THB/day in 2020 and a record low of 12 THB/day in 1973.
Average salary in Bangkok, Thailand Currently, the average salary in Bangkok is 25,500 Thai Baht per month, or about 800 USD. Bangkok has some of the highest average wages among ASEAN member capitals.
Usually, the most popular cities and provinces for home buyers and foreign investors to buy real estate in Thailand are as follows:
Where do the rich live in Thailand? Areas in the center of Bangkok such as Chidlom, Langsuan, Ratchadamri and Sala Daeng are considered prestigious addresses where many billionaires invest in real estate to add to their collection, or to make a profit in the future.
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