Category "Real Estate"

2017 As The Year Of Uncertainty In The Property Market

Location is usually the main factor considered when choosing a Luxury House in Phatthanakan because some prefer to live away from the city while others choose to be close. For some of the high-end home buyers, nice views are important but others prioritize convenience, privacy and comfort. There are other factors to reckon with like the number of bedrooms and baths and the size of living and dining space.

For the year 2017, the global luxury real estate market has to face several challenges. In London, Brexit has certainly created a lot of issues that resulted into an unpredictable market. In the United States, a new president was elected with a new tax plan in the works to influence how people decide to invest their money.

According to Jeremy Stein of Sotheby’s International Realty, 2017 is a year of uncertainly for the real estate industry which is not really a good thing. Although Mr. Stein was talking about New York, his comments can be applied to other cities all over the world. As of September 2017, Mr. Stein said that luxury home buyers have come to an understanding that uncertainty is the new world order. Investors have started to be comfortable with the uncomfortable so that they started buying properties without any assurances for the future.

Many notable transactions have been brokered in 2017 which are in defiant of external influences. In New York City where there is a wealth of inventory but small demand, sellers were willing to slash prices. Manhattan’s luxury real estate prices dropped with the median resale value of luxury homes dropping 2% year-over-year to $4,317million, the lowest level since 2014.

A 2-unit spread at Trump Towers experienced a 31% price cut in November.  A Plaza Hotel apartment that was listed last November for $25million was offered with 50% discount from the original asking price in 2014.

Some of the reasons why you should consider investing in Luxury House in Phatthanakan include ease of access to the expressway, BTS and airport link. Besides that, major project developers continue to view the luxury property market as one with excellent growth opportunities.

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How To Invest In Phuket Real Estate Property

Having the right amount of money will provide conveniences in your life but it will not help you come with decisions especially when you want to invest in Phuket Real Estate. You need expert opinion and ample knowledge in the industry to arrive at a sound and practical decision. If you want to put your money in the right place, take a look at the following suggestions:

Check from online sources

One of the modern marvels of the contemporary world is the internet. You can get comprehensive information about a property without going anywhere. With a few clicks and by utilizing the search engine, you can start looking at properties that will fit your need. There are numerous properties that you can invest in Phuket Real Estate and all you have to do is search for them online and gather the needed information that will help you arrive at a sound decision.

Consult professional real property agents

Buying a property involves not just your money but it also involves legalities and procedures that you need to iron out. This is not only time consuming, you also need to be careful in order to avoid having a brush with the government or local laws and regulations. Consult a professional real property agent from a reputable real estate agency who can better represent you and explain matters easily for you.  These property agents will also help you get the most suitable property that fits your needs.

Talk to the property representative

Another way to invest in Phuket Real Estate is to talk to the developer directly by sending them an email or by filling out the query form found in the developer’s website. You can also request for a brochure or arrange a property visit for you to personally check the units. You may also want to consult a real estate lawyer to assist you in the process. This will ensure that your rights and money are protected accordingly. This is particularly important if you are a foreign national who wants to acquire a condo unit in Thailand.

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How To Find Condo For Rent In Pattaya

You can find a condo for rent in Pattaya from different sources. By utilizing the search engine, you can easily be lead to property sites such as seaboard-properties.com where you can choose properties suited to your needs and lifestyle. If you want to rent a condo in Pattaya, not only will you find the property, you will also find expert real property agents who will assist you in the process. Some of the best sources of property information include the following:

Government offices

The local property registrar’s office is one of the best sources of property information around Pattaya. You can also find relevant information from other government offices such as the assessor’s office and property tax office are also excellent sources of properties on sale or for rent.  Government offices have their own website that you can browse to find the right property for you.  

Real property agencies

You can also find a condo and other properties in Pattaya by visiting the websites of real property agencies or real property sites such as seaboard-properties.com. Coordinate with a real estate property agent to find out how you can be assisted with your needs and how you can get a budget-friendly property around Pattaya. You can ask for a list of properties or you can also provide information on your preferred property type. Inform the real estate agent up front of your budget to save time and effort in looking for properties. Try to be honest and straightforward to the property agent for him to be more accurate in providing a list of properties that you can check. Come up with a shortlist and weigh your options to end up with the most suitable condo for you.

Ask your local network

Friends from the area are also good sources of information for properties in Pattaya. You can also check from property sites such as seaboard-properties.com and ask your local friends or friends who are living in the area if the property is worth your money. This is important if you are currently not in Pattaya.   

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