Foreigners Buy Real Estate in Turkey: Why Shouldn't Turks Invest in Thailand?
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- Burak Pehlivan
- 11/06/2024
Looking Beyond Borders in Real Estate Investment: We Evaluate Thailand!
In recent years, foreign investors' purchases of real estate in Turkey have increased significantly. However, Turkish investors should consider the advantages of investing in real estate in a country with a lower currency than their own, namely Thailand. In this article, we will discuss why buying real estate in Thailand is an attractive option.
1. Low-Cost Real Estate Opportunities
Thailand offers real estate acquisition opportunities at affordable prices, especially for Turkish investors. It is possible to find luxury residences and holiday apartments at prices well below those in some cities in Turkey.
Holiday Resorts: In popular holiday resorts such as Phuket, Pattaya and Koh Samui, there are properties with both short-term and long-term rental opportunities. The high returns provided when investing in these regions make them attractive to Turkish investors.
2. Potential for Value Increase
Since Thailand is a popular destination worldwide in terms of tourism, real estate values are constantly increasing. Turkish investors can achieve high value increases, especially from properties in developing regions.
Future Investment: Real estate investments in Thailand can become investment vehicles that will provide profit in the long term. Economic growth and increasing number of tourists have a positive impact on the real estate market.
3. Passive Income Opportunities
Properties purchased in Thailand can be rented out and create a regular passive income source. Especially during holiday seasons, rental income can provide significant profit for investors.
Short-Term Rental: Short-term rental opportunities through platforms such as Airbnb are very effective in providing high returns. Investors can earn additional income by renting their properties to tourists.
4. Investor Support and Incentives
The Thai government offers various incentives to support foreign investors. Tax reductions and supports provided through the BOI (Board of Investment) offer advantages for Turkish investors.
Fast and Easy Process: Buying real estate in Thailand is generally a fast and easy process. By learning about local laws and regulations, it is possible to minimize obstacles for Turks who want to invest.
5. Warm Climate and Lifestyle
Thailand offers an environment that increases the quality of life with its warm climate and tropical beauties. Turkish investors can choose Thailand to evaluate business opportunities and live a pleasant life.
Social Life: The international community in Thailand enriches the social lives of Turkish investors and allows them to make new friends.
Conclusion
While foreigners buy real estate in Turkey, Turkish investors should also benefit from these opportunities in Thailand. Low costs, potential for value increase and passive income opportunities make real estate investment in Thailand attractive. Turks can both gain economic gain and increase their quality of life by evaluating these opportunities offered by Thailand.