A Guide to Affordable First-Time Home Ownership in Thailand

Much like every other country, Thailand has been dealt a harsh economic blow by the Covid-19 pandemic, with almost no tourists arriving since the beginning of 2019, while the year before, almost 30 million people came to Thailand for their holiday. You might be wondering what this has to do with land ownership and the answer lies in the economic situation, which reduces the number of people who wish to buy land at this time.

Buyer’s Market

When the supply far exceeds the demand, this is what is known as a ‘buyer’s market’, and if you happen to be a person who is looking to buy your first home, check out the amazing housing project from a leading Thai developer, https://www.a-westproperty.co.th/, where you can move into the property and not have to pay anything until 2024. This amazing deal brings home ownership within reach of almost everyone and if you would like to learn more about such housing projects, search online for housing projects in the area you would like to live.

Making Property Ownership Possible

The property developer completely understands how hard it is for a young couple to buy their first home and together with a lender who has foresight, you can now afford to make that first jump onto the property ladder. The first thing to do is crunch the numbers to see what kind of monthly payment you can afford and if you have any outstanding hire purchase agreements, it is a good idea to clear these prior to applying for a mortgage.

Property Developer

You can tell a lot by simply Googling to property developer to take a look at their previous developments and if they seem to have a good name within the community, you should have no issues. Avoid any projects that are yet to be built, as this adds to the risk of losing your investment, besides, there are many housing projects that are ready for occupation.

Communal Amenities

When you purchase a house inside a gated community, there are many benefits, including:

  • Communal swimming pool
  • Gym or fitness centre
  • Natural relaxation areas
  • Convenience stores
  • Restaurants
  • Round the clock security

Most housing projects have many facilities for the residents and it is advisable to drive around prior to making any commitment. Just to be sure that this is an area that offers things that you need.

Once you find the right housing project, you can pay a small deposit then apply for the loan and in no time at all, you will be living in your very own home.

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