Demand from wealthy Thais has seen prices rise in Bangkok by 35% since last year with new projects in Bangkok’s suburbs of PhraKhanong, On Nut, Chatuchak, Bang Sue, Ratchada and Ladphrao. Many rental condos bought by out-of-state investors are concentrated in Thailand, likely because they are relatively inexpensive markets. Many of these mom and pop investors are young professionals with good-paying jobs, or baby boomers with an eye toward retirement who want to invest some of their home equity into these lower-cost properties.
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