It goes without saying that if you wish to complete company registration in Thailand, you need to get your hands on property. What is often overlooked however is the purchase of a home or condominium. Companies focus so much attention on finding the best land for their business that living quarters becomes something of an afterthought. Unless you are planning on living on the streets or wish to sleep in your office, you need to put some effort into finding suitable living arrangements. Fortunately, Thailand offers plenty of affordable accommodation.
In a recent Global Property Guide report, it was found that Bangkok was one of the world’s cheapest cities when it came to finding a condo. This is great news for those seeking company registration in Thailand as it will be a welcome relief to have a high quality home to reside in once you are settled in the country. The average price per square meter for an apartment in Bangkok is slightly over $2,200. In terms of gross rental yield, Bangkok narrowly missed out on the world’s top 20 cities with an impressive yield of almost 8% per annum.
The Condo Market
There are a total of six different condo categories in the country and you thought company registration in Thailand was complicated! They are as follows:
- Economy: Less than $2,000 a square metre, these condos are found just outside the city of Bangkok.
- Middle: Less than $2,700 a square metre, this accommodation will be closer to the city.
- Upper: Less than $3,300 per square metre.
- High End: Less than $4,300 per square metre.
- Luxury: Below $6,000 per square metre.
- Super Luxury: This refers to anything over $6,000 per square metre and such condos are better described as being palaces!
It can certainly be difficult to find proper accommodation as you are unfamiliar with the place and have most of your energy focused on company registration in Thailand. A safe bet is to go to the website of the Real Estate Information Centre which has content in English. Raimon Land is another high quality site though it focuses mainly on the centre of Bangkok and Pattaya.
Common sense dictates that you should be looking for an apartment before you come close to completing company registration in Thailand. Therefore, you need to take advantage of any quick tips you can to speed up the process. Most Thai property experts suggest that you look at a map of Thai schools and purchase property in the region. Why? Because you will be located close to a transit system and if you have kids, it will be easy to get them started in school. It really is a no lose situation because you will always find a willing buyers as parents are constantly searching for accommodation in close proximity to schools.
Although it is easy to get caught up in the excitement of company registration in Thailand as you get close to fulfilling a dream, you need to worry about living quarters too. Use the above information to speed up your search and find a luxurious yet affordable Thai home.
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