Yes, the analysis of Bangkok's property market is included in our pack
The question of 'the best neighborhood to buy a property in Bangkok' does not have a one-size-fits-all answer.
Some of you are buying to live there, while others want to make the best investment possible. Individual preferences and circumstances matter.
That’s why the article below is covering every intent.
At BambooRoutes, when we write a blog post or when we update our our property pack for Thailand, we want to bring solutions and cover different aims in a clear and organized way.
Enjoy the read, and please remember that we are not financial or investment experts. This article is for informational purposes only.
To improve the readability and user-friendliness of this article, we will categorize neighborhoods in Bangkok into various groups, including budget-friendly options, emerging hotspots, and areas with high rental demand, among others. Consequently, some neighborhoods may appear in multiple categories and be mentioned several times throughout the article.
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How is the real estate market in Bangkok?
The real estate market in Bangkok is a fascinating and vibrant sector, reflecting the unique character and appeal of this bustling city.
One of the key strengths of Bangkok is its rich cultural heritage combined with modern amenities, something you won't find anywhere else. The city boasts stunning temples, vibrant street markets, and a world-renowned culinary scene, alongside skyscrapers and luxury malls. This blend of traditional and contemporary makes Bangkok an exciting place to live.
People are drawn to buy in Bangkok for various reasons. The city is a hub for business and tourism in Southeast Asia, making it an attractive location for professionals and investors.
Additionally, the lifestyle here is appealing – from the lively nightlife and entertainment options to the wide range of dining and shopping experiences. Bangkok also has a well-developed infrastructure, with efficient public transport systems like the BTS and MRT, making commuting easier.
The type of people looking to buy in Bangkok is diverse. There are locals seeking to be close to work or seeking investment opportunities, expatriates who have moved for work or love the culture, and retirees drawn by the city's vibrancy and relatively lower cost of living. Foreigners, in particular, are very interested in Bangkok's real estate.
The city's growing economy, coupled with a relatively lower cost of living compared to other major global cities, makes it an attractive investment destination.
Additionally, the Thai government has been encouraging foreign investment in the real estate sector, making it easier for foreigners to buy property.
The dynamism of Bangkok's real estate market is evident in its development trends. For instance, the city has seen a consistent increase in the construction of high-rise condominiums and mixed-use developments, reflecting a growing demand. This is backed by data points such as the steady increase in property values over the past few years, even amidst global economic fluctuations.
A unique and positive aspect of properties in Bangkok is their integration of Thai cultural elements. Many developments incorporate traditional Thai design elements, like ornate woodwork or landscaped gardens with native plants, offering a living experience that's deeply rooted in local culture. This adds a special charm and distinctiveness to properties in Bangkok.
Looking to the future, properties in Bangkok are expected to gain value for several reasons. Firstly, the city's ongoing infrastructure projects, like the expansion of the mass transit system, will make more areas accessible and desirable.
Secondly, the growing popularity of Bangkok as a tourist and expat destination boosts the demand for both residential and rental properties.
Lastly, the city's economy is diversifying, with growth in sectors like technology and healthcare, attracting more professionals and investors.
Top neighborhoods in Bangkok to consider for living
Areas in Bangkok that are budget-friendly
If you're looking to buy property in Bangkok on a budget, there are a few neighborhoods you might want to consider.
Here is a summary table. Below, we will give more details.
| Neighborhood | Average Price per Sqm | Property Types | Residents | Strengths | Weaknesses |
|---|---|---|---|---|---|
| Nong Chok | Significantly lower than city average | Single-family homes, Townhouses | Locals, Families, Older generations | Local lifestyle, Laid-back, Upcoming infrastructure | Far from city center, Limited amenities |
| Min Buri | Low, Good value for money | Traditional houses, Newer condominiums | Mix of locals and expats | Community feel, Quiet | Long commute to city center |
| Lat Krabang | Lower than central Bangkok | Condos, Detached houses | Locals, Some expats, Airport workers | Close to airport, Development potential | Industrial atmosphere, Distance from central Bangkok |
Nong Chok
This is one of the most affordable areas.
It's cheap because it's pretty far from the city center and doesn't have the same level of amenities and transport connections as more central areas. However, prices might rise in the coming years as there are plans to improve infrastructure, which could make it more accessible and desirable.
In Nong Chok, you'll mainly find single-family homes and townhouses, and the average price per square meter is significantly lower than the city average, often less than half of what you’d pay in prime areas.
The residents here are mostly locals, including families and older generations.
While it offers a more local and laid-back lifestyle, its distance from the city center and limited amenities are drawbacks.
Min Buri
It's another area where properties tend to be more affordable.
The lower prices can be attributed to its location on the outskirts of Bangkok and the current lack of mass transit options. However, this might change as the city expands and new transportation projects are completed. There's a mix of property types, from traditional houses to newer condominiums.
The average price per square meter here can be quite low, offering good value for money. Min Buri has a mix of people, including local residents and expats who prefer a quiet life away from the hustle and bustle.
The main strength of Min Buri is its close-knit community feel, but a potential weakness is the commute to central Bangkok, which can be quite long.
Lat Krabang
Close to Suvarnabhumi Airport, this neighborhood is currently quite affordable because it's considered more industrial and less residential.
However, with the airport nearby and the development of the Eastern Economic Corridor, property values could increase as the area becomes more developed.
There's a variety of properties available, from condos to detached houses. The average price per square meter here is also lower than central Bangkok.
It's an area with a mix of locals and some expats, and it's particularly appealing to people who work at the airport or in the eastern part of Bangkok.
The strengths of Lat Krabang include the proximity to the airport and upcoming development projects. Weaknesses are the industrial atmosphere and the distance from central Bangkok, which might not appeal to everyone.
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Areas in Bangkok that are popular and upscale
When looking to buy property in Bangkok, three neighborhoods stand out as upscale and popular choices. These neighborhoods each have their unique character and draw different types of residents.
| Neighborhood | Average Price per Sqm | Resident Profile | Strengths | Weaknesses |
|---|---|---|---|---|
| Sukhumvit | 250,000 THB | Affluent expats and locals | Vibrant lifestyle, amenities | Crowded, noisy |
| Silom | 200,000 THB | Professionals, high-income families | Commercial and cultural hub | Heavy traffic |
| Sathorn | 230,000 THB | Expats, professionals | Urban lifestyle, green spaces | High cost of living |
Sukhumvit
Sukhumvit is known for its luxurious lifestyle, attracting affluent expats and locals.
The area is expensive due to its prime location, modern amenities, and high-quality residential properties, including high-rise condos and elegant townhouses. The average price per square meter in Sukhumvit can range upwards of 250,000 THB, reflecting the premium living standards.
Residents here enjoy a vibrant nightlife, world-class dining, and easy access to shopping malls and public transport. Despite its bustling nature, some might find it too crowded or noisy.
However, Sukhumvit is expected to remain popular due to its unbeatable convenience and lifestyle offerings.
Silom
In Silom, the blend of commercial and residential spaces caters to professionals and high-income families.
The area's appeal lies in its status as a financial hub, bringing a sense of prestige and exclusivity. Property prices in Silom average around 200,000 THB per square meter. The properties are a mix of older, charming houses and modern luxury condos.
Residents have easy access to top-notch restaurants, parks, and cultural attractions in Silom. The downside might be the heavy traffic during peak hours.
Nonetheless, Silom's reputation as a bustling center of commerce and leisure ensures its continued popularity.
Sathorn
Sathorn is a blend of corporate sophistication and upscale residential living.
It's popular among expats and professionals due to its proximity to international schools, embassies, and corporate offices. The average property price in Sathorn hovers around 230,000 THB per square meter. It offers a mix of luxury condos and elegant villas.
The neighborhood is known for its peaceful streets, green spaces, and trendy cafes, providing a balanced urban lifestyle. However, the cost of living can be high, and some areas get quite busy during workdays.
Sathorn's steady development and status as a cosmopolitan enclave suggest it will remain a top choice for affluent buyers.
Make sure you understand the real estate market in Bangkok
Don't rush into buying the wrong property in Thailand. Sit, relax and read our guide to avoid costly mistakes and make the best investment possible.
Areas in Bangkok that emerge as new hotspots
Let's explore these emerging neighborhoods in Bangkok that, according to our local partners and our customers, are getting quite a bit of buzz lately.
| Neighborhood | Average Price per Sqm | Resident Profile | Strengths | Weaknesses |
|---|---|---|---|---|
| Ari | 150,000 THB | Young, artistic crowd | Cultural vibrancy, cafes | Less quiet than before |
| Ekamai | 160,000 THB | Hip, young urbanites | Lifestyle-focused, trendy | Lacks some amenities |
| Thonglor | 180,000 THB | Young professionals, expats | Fashionable, dynamic | Not very tranquil |
Ari
Ari, once a quiet residential area, is now a hip and trendy neighborhood attracting a younger, artistic crowd.
The evolution from its laid-back origins to a bustling area full of cafes, art galleries, and boutique shops has been remarkable. Prices in Ari are more affordable compared to traditional hotspots, with average prices around 150,000 THB per square meter.
This affordability, combined with its growing popularity and cultural vibrancy, suggests that prices will likely rise in the coming years.
Ari's cool, creative vibe and its increasing array of amenities are major draws, though some might miss the old, quieter charm.
Ekamai
Initially a quiet residential zone, Ekamai has transformed into a chic, lifestyle-focused neighborhood.
Known for its trendy cafes, bars, and lifestyle malls, it appeals to a hip, young urban demographic.
Property prices are currently more reasonable in Ekamai, averaging around 160,000 THB per square meter, but are expected to climb as the area gains more popularity.
Ekamai's blend of laid-back residential comfort and vibrant lifestyle options makes it a hotspot for property investment, though it still lacks some of the extensive amenities of more established areas.
Thonglor
Thonglor, traditionally a local residential area, has seen a surge in popularity among young professionals and expats due to its fashionable eateries, boutique shops, and vibrant nightlife.
While prices in Thonglor are slightly lower than in prime central areas, averaging around 180,000 THB per square meter, they are on an upward trend.
The neighborhood's ongoing development into a trendy, cosmopolitan area suggests it will continue to attract investment and interest.
Its strengths lie in its dynamic atmosphere and upscale lifestyle options, but it can be overwhelming for those seeking tranquility.
Make a profitable investment in Bangkok
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Top neighborhoods in Bangkok to invest in property
Areas in Bangkok with a strong rental demand
If you're considering buying real estate in Bangkok for renting it out, these neighborhoods with high demand for rentals should be considered.
| Neighborhood | Tenant Profile | Property Type | Rental Income (1-Bed Condo) | Rental Yield | Tips for Better Income | Weaknesses |
|---|---|---|---|---|---|---|
| Sukhumvit | Expats, Professionals | Modern Condos, Serviced Apartments | 20,000 - 35,000 THB/month | 5-6% | Near BTS stations | High competition, Fluctuating demand |
| Silom | Business Professionals, Expats | Well-connected Condos | 18,000 - 30,000 THB/month | 4-5% | Close to MRT/BTS and business district | Traffic congestion, Noise levels |
| Ari | Young Professionals, Expats | Smaller Condos, Boutique Apartments | 15,000 - 25,000 THB/month | 4-5% | Near BTS, Local lifestyle hubs | Smaller, Niche market |
Sukhumvit
Sukhumvit is a hotspot for expats and professionals due to its vibrant lifestyle and easy access to amenities like international schools, shopping centers, and hospitals.
Tenants here mainly seek modern condos or serviced apartments.
For a one-bedroom condo in a prime area of Sukhumvit, you can expect rental income around 20,000 to 35,000 THB per month, depending on the property's quality and location. The rental yield hovers around 5-6%.
To maximize rental income, focus on properties near BTS stations, as accessibility is key. However, be aware of the high competition and fluctuating demand.
Silom
Silom, known as Bangkok's financial district, attracts a mix of business professionals and expats.
The demand here is for convenient, well-connected properties, preferably close to MRT or BTS stations. Rental income for a one-bedroom condo can range from 18,000 to 30,000 THB per month, with yields around 4-5%.
Properties with good facilities and proximity to the business district are a safer bet. But, be mindful of traffic congestion and noise levels, which might deter some tenants.
Ari
Ari, a more laid-back and trendy area, is popular among young professionals and expats who prefer a quieter lifestyle but still want to be close to the city center. Smaller condos and boutique apartments are in demand here.
Expect rental incomes from 15,000 to 25,000 THB per month for a one-bedroom unit, with yields around 4-5%. Target properties close to the BTS and local lifestyle hubs to attract tenants.
However, Ari's market is smaller and more niche, which could mean a longer search for the right tenant.
Don't lose money on your property in Bangkok
100% of people who have lost money in Thailand have spent less than 1 hour researching the market. We have reviewed everything there is to know. Grab our guide now.
Areas in Bangkok where property prices might increase in the future
In these areas in in Bangkok you can still find properties at a reasonable price, with room for appreciation as the neighborhoods develop.
| Neighborhood | Tenant Profile | Preferred Property Type | Average Price per Night | Key Amenities | Tips for Better Income | Potential Challenges |
|---|---|---|---|---|---|---|
| Sukhumvit | Tourists, Business Travelers | Modern Condos, Studio Apartments | 1,200 - 3,000 THB | Wi-Fi, Gym, Near BTS | Near BTS stations, Stylish Interiors | High Competition |
| Riverside | Tourists | Serviced Apartments, Boutique Hotels | 1,500 - 4,000 THB | Good Internet, Access to Boat Transport | Properties with River Views | Seasonal Tourism Fluctuations |
| Siam | Tourists, Families | Well-furnished Condos, Boutique Accommodations | 1,300 - 2,500 THB | Near Shopping Malls, BTS Stations | Close to Shopping Centers, BTS Stations | Busy and Noisy Environment |
Sukhumvit
Sukhumvit is popular for short-term rentals due to its bustling city life and accessibility to major attractions.
The tenants here are usually tourists and business travelers looking for convenience and luxury. They prefer modern condos or studio apartments with amenities like Wi-Fi, a gym, and proximity to public transport. For a night, the average price can range from 1,200 to 3,000 THB, depending on the property's quality and exact location.
To attract more tenants and earn better income, aim for properties near BTS stations and with good city views. However, competition is high, so unique offerings like stylish interiors can set your property apart.
Riverside
Riverside is appealing for its scenic views and tranquil environment.
The demand here is primarily from tourists seeking a relaxing stay. They favor properties with good river views, often preferring serviced apartments or boutique hotels.
Essential amenities include good internet, easy access to boat transportation, and proximity to cultural sites.
Nightly rates can vary between 1,500 to 4,000 THB. To enhance rental appeal, focus on properties with balconies or terraces that offer excellent views of the Chao Phraya River. The challenge here is seasonal fluctuations in tourism.
Siam
Siam is a prime spot for short-term renters who are avid shoppers and culture enthusiasts.
The tenant profile includes tourists and families, often preferring places that offer both convenience and comfort, like well-furnished condos or boutique accommodations. Important amenities are proximity to shopping malls, public transport, and entertainment options.
The average price per night is around 1,300 to 2,500 THB. For better rental income, properties close to major shopping centers and BTS stations are ideal.
However, be aware of the busy and noisy environment, which might not appeal to everyone.
Make sure you understand the real estate market in Bangkok
Don't rush into buying the wrong property in Thailand. Sit, relax and read our guide to avoid costly mistakes and make the best investment possible.