The real estate market in Thailand’s pre-pandemic has been booming and on the rise for a long time. As a result, domestic and foreign investors rushed for a piece of the pie in the real estate market in Thailand. Which lead to the Thai Baht was pre-pandemic solid, and new developments were launching left, right and, center.
A young and modern nation rooted in deep history sandwich in between the east and the west. We are talking about Turkey and how its real estate market boom after 2018. Turkey’s real estate market was up on the rise, but since 2018 the demand skyrocketed. One main turning point to Turkey’s real estate market is its investment schemes. The demand skyrocketed since the government changed the investment scheme from 1 million USD to 250,000 USD to gain citizenship. However, when the government kept the investment scheme at 1 million USD, they were no takers.
In the last decade, pre-pandemic and during the pandemic, people have been migrating to other countries—the rise of digital nomads, foreign investments, new careers path, and a new lifestyle. In the past decade, people have been migrating to countries that would give them benefits of return of investments, matching their lifestyle, and falling in love with the country itself. It has a sense of romanticism involve, but a vibrant country like Turkey with a cosmopolitan city of Istanbul, that you get. Istanbul is a city that gives you a complete quality of life in health care, education, and return of investments with a new career path.
Istanbul, Turkey, the city where East meets West. Turkey overall is a beautiful and cosmopolitan country with diverse cultures and traditions. A diverse country has been on the map for a long time, but it just started to be a hub of investments and tourism in the past decades. It’s because the government in the past decades has been open to foreign investment and tourism to help the economy in its own country.
It has been two years since was introduced to the word “pandemic.” Every historical event that happened has affected changes in societies, laws, and lifestyles. Mostly historically, events from the past mainly have been occurring with wars. But this is a new historical event which had affected the whole planet. Now, the ongoing pandemic, with no end as for site yet, has brought in many changes in human life, with businesses, economics, and political policies coming into new effect.
Any time the word Southeast Asia pops up more frequently or not, Thailand will be one of the first countries mention. Thailand is one of the most attractive tourist countries in the world. Bangkok and Phuket are both significant cities having more tourists than important cities in the West. To enter the region of Southeast Asia, Thailand is not a bad start to invest and have a new permanent home.
Investments in the 21st century have turned to be a diabolical state. Yet, there are many options to start your assets with leading industries in aviation, technologies, telecommunications, properties, and more. As stated by Businesswire, “the property market is the oldest market in the world, and only now its beginning to change rapidly” by Peter Thiel, one of the leaders in the property market in Southeast Asia.
There are many reasons why investors or people will like to stay in a particular condominium and apartment. Some top reasons for investing in real estate are: price does go up, people need shelter, a place or home to stay, it’s human necessities. In addition, investments in the property will bring you profits; it just depends on how long the time period will be.