Anej Ray posted an update 6 days, 7 hours ago
What are Benefits of Buying a Condo or Apartment in Chiang Mai, Thailand?Chiang Mai has very good growth in the property sector, along with most others sectors with the economy. As yet quite undeveloped weighed against other Asian cities, Chiang Mai has recently stood a boom in trade, tourism, manufacturing, and technologies, all of which are finding welcoming site with this city perfectly located at the north of Thailand. Together with the general development in the economy, real-estate has experienced a corresponding surge.Why a high-rise apartment rather than a residence?Condos are popular for several reasons. First, they’re easier, allowing the buyer/resident in the future and go because they like without concern for security. While houses can be victim to burlarlies when left vacant for long periods, condos as a rule have good security. Furthermore, it can be harder for a burglar to focus on a flat as they are less visible to prying eyes.But safety aside, condos give you a great number of amenities out of stock in townhouses or larger suburban developments. Many have saunas, pools, and other features that make them desirable to the people with a taste for fine living.It is not only amenities and safety measures that set condos apart since the preferred property acquisition. Location of condos is usually better than that of available houses, so if you really wants to check out the trendiest and hippest parts of Chiang Mai, a flat is generally the best bet.In addition, foreigners can own condos, while they cannot legally own land. While you can find legal arrangements which can be designed to acquire land, for foreigners the most convenient choices typically to get a high-rise apartment inside a building that is certainly majority Thai owned. Following your sale with the condo, if your building is still in 51% Thai ownership, all is okay.Return is normally from the selection of 8%-12% of the final cost, determined by renting the unit. Although many condo owners use their residence as their accommodation, a great many others decide to let year-round and section of the year.Since the property market expands, there is for many property a rise in price from anywhere between 5% to 10% each year. So whether you want to maintain your property or sell it off in a few time, it will be a great investment.Welcome to one plus condo chiang mai, home not just to a great culture thats liable to bring tourists from around the world, but an appealing investment potential for the discerning traveller.