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Updated over 9 years ago, 08/12/2015
Introduction: newbie from Switzerland living in North Thailand looking for knowledge
Hi,
I'm a Swiss citizen who moved to Thailand 5 years ago for work (I am project manager for a swiss software development company). I am 30 years old and even though I like my job and can live more than comfortably with what I earn, I want to start investing in real estate.
First of all I know I am not in the US and most of the people here are about the US. I was wondering if I was the only one here or are there any other people in South East Asia?
I live in the north of Thailand, and was recently able to buy a good condominium in Chiang Mai. Since I bought it last year its value has increased at least 10%, this is how I came to the idea to start real estate investment.
I am lucky enough to know a few people around here who invest in real estate and almost every day I am questioning them about what and how they did it, what are they doing next...
I try to read information on this website and apply it to my local market. There are a lot of differences, but also a lot of information that I can apply. An example would be that the law here doesn't allow foreigners to buy land, so buying / selling houses is not an option for me. Another is the speed at which the city is expanding. It is out of control, just last year 3 huge new malls have been built, and hundreds of new apartment buildings.
I think this is enough of an introduction, I am very pleased to have found this forum and am looking forward to learn more from people here.