Buying property in Thailand during the low season can be a great
investment and a great chance to expand your horizons. In this
article, we will discuss what low season is in Thailand, why it is the
right time to look at the real estate market, what benefits you can
get by buying property in low season, and what special offers may
be available. We will also give practical buying advice and discuss
the financial benefits and investment opportunities.
What is low season in Thailand?
Thailand's low season, also known as the "green" or "rainy" season,
usually starts in May and lasts until October. During this time of
year, the number of tourists decreases and many hotels and real
estate agencies offer special discounts and deals. This opens up
great opportunities for investors and real estate buyers. In the low
season in Thailand is characterized by frequent rains, which,
however, are usually not long and often pass at night without
disturbing tourists. The air temperature during this period fluctuates
between 25-30 degrees Celsius. The sea can be more undulating,
but in most regions swimming is still possible.
Low season is the perfect time for those looking for a relaxing
vacation without crowds and for travellers on a budget, as airfares,
accommodation and excursions drop significantly.It is also worth
noting that in the low season there is an increased chance of
encountering tropical storms and typhoons, especially on the
Andaman Sea coast. Therefore, it is recommended to keep an eye
on the weather forecast before traveling.
Despite some disadvantages, low season in Thailand has its
advantages: lush tropical vegetation, fewer tourists at beaches and
attractions, lower prices and the opportunity to see the real, non-
touristy Thailand.
Advantages of buying real estate in low season
A larger selection of real estate: During the low season, more
properties come on the market, giving buyers more options to
choose from.
Price reduction: Many property owners reduce prices during the
low season to attract buyers. This allows you to buy a property at a
better price.
Less competition: In the low season, competition between buyers
is reduced, which increases the chances of acquiring the desired
property.
More time to make a decision: In low season, buyers have more
time to make an informed decision as there is no need to rush due
to the large number of interested buyers.
Possibility of a more thorough inspection: Buying real estate is
a serious decision that requires careful due diligence. During the
low season, buyers have more time to inspect the property, study
the documents and other important aspects of the transaction.
Easier to negotiate: Lower demand for real estate during the low
season can help you negotiate a lower price or other deal terms.
Sellers may be more inclined to make concessions to sell their
property.
More attention from a real estate agent: In low season, real
estate agents have fewer clients so they can give you more time
and attention.
Opportunity to appraise real estate in the "off season": When
buying a property in low season, especially if it is a resort property,
you have the opportunity to assess how the property looks and
functions out of season.
More flexible mortgage terms: During low season, banks and
other lending institutions may offer more flexible mortgage terms to
encourage real estate purchases.
Reduced cost of related services: During the low season, prices
may decrease not only for real estate, but also for related services
such as insurance, legal support of the transaction, real estate
valuation, etc.
All in all, buying real estate in Thailand can be a great investment
that will not only allow you to save money, but also bring a stable
income in the form of rent or profit from the subsequent sale.
Contact us today for a free consultation on buying property in
Thailand.