Covid is currently depressing the real estate market in Thailand. Travel restrictions, quarantine and other difficulties result in fewer people interested in buying property than at normal times. On the other hand, this results in excellent buying opportunities right now, as many sellers currently must or want to sell quickly and are therefore ready for large price discounts.

When looking to the future, optimism is in order. The price index for real estate has been rising steadily for decades, and prices for apartments have almost doubled since the financial crisis in 2008. There is no reason why this development should not continue. Thailand has defied all the difficulties since the financial crisis in 1997, the aftermath of the 2004 tsunami and the effects of several military coups. The country has continued to develop positively economically, and the local currency is stable and has appreciated against the USD and EUR. This aspect has resulted in additional profits for many investors. Everything indicates that this positive development will continue after Covid and that a boom is to be expected as soon as buyers can travel to Thailand again without restrictions.

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Syndacast Property Investment (SPI) focuses on properties that are available on particularly good terms. For legally experienced buyers, we limit ourselves to brokering the right property, for legally inexperienced investors we offer full legal advice from local and foreign lawyers as required. In a second phase, we will create the opportunity not only to acquire specific real estate, but also offer investments in the Thai real estate market as a financial product.

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Investing in a property in Thailand is particularly interesting for people who have been spending their vacation in Thailand for many years or are planning their retirement in Thailand. It won’t get any cheaper.

With a view to Europe and especially Germany, it should also be noted that it is becoming more and more expensive to transfer assets abroad. The tightening of exit taxation in 2021 in Germany is just one example. This trend will continue, as the EU plans to set up a complete register of assets for all citizens.

This blog will from time-to-time deal with questions about real estate in Thailand that may be of interest to foreign investors.