Real Estate in Bangkok Thailand DOWN 〽️40%


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16 comments

  1. Thanks Peter. Interesting as always. It had to come soon or later – Covid or not. I have always been renting in BKK, as you could pay a yearly condo rent of 250k BATH in an apartment that was selling for 7-8 million BATH. Who wants to own with returns like that ? Do you think rental prices will come down as well, or is this the adjustment ?

  2. It’s a short term price readjustment due to virus. Maybe will be down for a couple of years but will definitely bounce back. It’s a great buying opportunity.

  3. Why would anyone buy property in Thailand, if you cannot get easy long term visa to stay there? Add recent civil unrest, COVID-19, Chinese influx and a new oppressive government.

    Yes Thailand is great, but will it stay that way? Seems like the government only want tourists, not long term residents.

  4. I don’t believe farangs will be flocking back to Thailand Peter. The visas just aren’t attainable. Plus civil unrest is guaranteed the moment the lockdown is lifted. Plus the Thai baht is bloated. The Philippines looks very attractive just because it’s has the complete opposite of all of that.

  5. ***🔴**WHO AND WHERE ARE THE GIANTS**🔴*** *IN PREVIOUS TIMES. EVERYWHERE THEY ARE PRESENT IN PHOTOS, MOVIES, DOCUMENTS OF EARLIER TIMES, AND IN THE BIBLE, BUT TODAY THEY ARE NO LONGER OBSERVABLE. WHERE ARE THEY? ARE THEY THE ONES WHO ARE HIDING IN CAVES, AND MAKE IT IMPOSSIBLE TO EXPLORE THE ICE-LANDS OF THE EARTH (MILITAIRY BLOCK) AND ARE THEY THE ONES WHO ORGANIZE THE CHEM.TRAILS? WHO ELSE THAN?*

  6. Manila property developers and real estate investors are very liquid and has a pile of cash. It would be unthinkable for these tycoon to sell at a stiff discount at these Time..

  7. I wouldn’t buy anything overseas, because you never know when they can kick you out. RE is going to drop a lot lower, no rush at all. Let these developers suffer, they are way over priced. Fuck em!

  8. My son has a real estate business in London, it’s as busy as ever, only the very high end property’s are going done, now there are people wanting to live in the suburbs as working from home is going to be more popular than commuting into the center of London in the future. Personally I would never buy property abroad, I did that in Colombia, there are to many uncertainty’s, just rent imo

  9. Thanks Peter – very interesting. I know Thailand quite well and have toyed with the idea of buying there – Bangkok/Chiang Mai/Phuket/Hua Hin – for years but never pulled the trigger. I was hoping to visit both TH and PH soon but looks like that’s not happening. It does seem crazy that, of the two, the one with better infrastructure and COVID situation is the one that is seemingly offering the greater discounts? I have no idea!

  10. 1) Corona Virus
    2) Thailand’s military junta making life tough (and expensive) for foreigners
    3) Thailand’s junta selling ‘elite visas’ to rich Chinese and cashed up.
    3) Bangkok riots, uncertain future.
    4) International tax sharing agreements making western foreign expats wary of investing because of brutal taxation from their home country.

    Question: more Chinese money will come in when Corona finishes..?.i still love it there and would consider living there. But man, junta are really changing things now, and they way they are giving these ‘gold passes’ to rich investors makes me think there will be a caste social system and I will be in the lowest caste.
    Top. Educated Thai elite
    Next. Common Thai folks
    Next: cashed up farang that hold the new ‘Elite Visa’
    Last. Old school poor farang
    Superlast: Burmese laborers

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