The real estate market in Thailand is open to foreigners from all over the world. It has a great climate, friendly people and inexpensive housing. Moreover, the location fascinates by the abundance of colors and greenery, sights, religious sites, and very good food as well as a wide selection of comfortable real estate for sale in Krabi.
In this article, we are going to talk about lifestyle in Krabi, examine rental rates and discuss the attractiveness of investment in the square meters of Thailand.
Advantages of buying real estate in Krabi
Any purchase of residential real estate abroad is an engaging adventure. It may be followed by a number of unexpected issues and complicated situations. For this reason, it is highly important to set the goal and stay motivated. So what are the advantages of buying residential property in Krabi, Thailand?
- Owning your own home abroad and by the sea
If the buyer often comes to vacation in Thailand, he will always have a place to stay – in your own apartment. No need to spend time looking for accommodation, rent, etc.
- The possibility of renting
The residential property can be rented out and get a good income from it. If you plan to rent an apartment, it makes sense to sign a contract with the management company so that they monitor the condition of the apartment, pay utility bills and taxes. But this option has its disadvantages.
- Relatively low cost
In comparison with real estate in European and other major cities, the Thai market has a different low cost. For example, an apartment of 20-30 square meters in a modern housing complex with renovations and all the furniture (in Thailand they are called condominiums) will cost 4 million baht. The house will be equipped with elevators, concierge, swimming pool and its own fitness center on the territory. The apartment will have Internet and cable TV, which are often included in the maintenance cost of the residential complex.
- There are no restrictions on purchase
To buy property in Krabi, you do not necessarily have to be a citizen of Thailand. One of the main conditions for the purchase is that the transaction can be paid with the money brought from abroad, or to transfer it from a bank account opened in any country other than Thailand.
- A small amount of taxes
In Thailand there is no property ownership tax. But there are land tax and land development tax. Also pay a lump sum tax only when purchasing a home or using it for commercial purposes.
Along with the above-mentioned commercial benefits, you also get a possibility to enjoy calm atmosphere and resort lifestyle in popular Krabi.
The lifestyle of Krabi, Thailand
Tropical climate featuring the temperature remains at +30 … +35 ° C throughout the year. A walking distance of sandy beaches and the warm sea become a dream for many. And the richness of the natural landscape, flora and fauna makes the islands of Thailand popular among many foreigners.
The location is perfect for those who prefer to stay in peace and quiet as well as families with children. In case you want to live or obtain property in more lively regions, it is advisable to pay attention to Phuket and Bangkok.
Entertainment in Krabi
Those who prefer to live or spend at least some time in Krabi, do not get bored, because here you can do diving and windsurfing, go on a walk through the jungle on an elephant, make a fascinating boat trip, and go fishing.
You can do eco-tourism: near the island of Krabi is Phang-nga National Park, famous for its magnificent rocks protruding from the water surface of a huge bay. Here you’ll find the only one of its kind in Asia, the Susan Noi Seashell Cemetery.
The endless list of attractions in Krabi province of Thailand continues with Wai Tham Sua Tiger Cave Monastery, the marvelous caves of Tham Phi Hua To Tham, four scenic parks, mangrove forests, and hot springs.
The key outcomes
The province of Krabi is a heaven on earth for permanent stay and enjoying resort lifestyle. The website Thailand-Real.Estate provides any future home owner with a possibility to choose an affordable housing unit and start a new life in a sunny country.
David Prior
David Prior is the editor of Today News, responsible for the overall editorial strategy. He is an NCTJ-qualified journalist with over 20 years’ experience, and is also editor of the award-winning hyperlocal news title Altrincham Today. His LinkedIn profile is here.
