Does anyone know about property investment in Bangkok as at this day? Is it worth buying as investment, renting out for rental income at the same time?
Any information will be much appreciated.
Krob khun kha and chok dee na
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Use extreme caution buying property in Bangkok at the moment. Especially the Condominium market can very well be inflated beyond.
Deterioration is a big issue. Do not expect to have the same value of a condo after 10 years, since buildings tend to downgrade in price with age - faster than the relative market value increase.
Renting out your property can be a relative safe investment, if the alternative is money in the bank (where interest rates are only 0-3%). Other options would be the stock and bond markets, with yields in range of 3-10% annually. But as always you have a risk with stocks as well as some bonds.
Renting should give you a total "payback" time of 8-10 years. Unfortunately it can be difficult (and expensive) to rent out property, and you can never be sure to have 100% full time contracts.
But like mentioned - it is usually better than keeping the money in the bank. But be careful to chose the right property. And you must exercise a skill not custom to many Thais: The skill of negotiation. Never pay full price for property - always hackle and negotiate - sometimes to extremes. Most property for sale in Bangkok right now is "hot" property. The sellers are usually very eager to sell.
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