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You will need to buy in hotspot areas, too, and those condo’s don’t come cheaply.

You need to know the market well, because the last thing you want is to be stuck with an apartment two years down the line in an area that isn't very popular with the rental market.

He was given a screwdriver and an ageing portion of cement in a plastic bag to do the job.

Needless to say the tiles are already wobbling and will no doubt be cracked by next month.

As I sigh at the concept of property ownership and marvel at the workers putting the new block opposite mine together, seemingly by hand, I wonder, is it really worth buying an apartment in Bangkok, or anywhere else in Thailand for that matter?

Though the idea of owning property and being tied to one place has never really appealed to me, at one time or another, most of us are forced down that route, either for want of stability or to have something to leave our kids.

Some developers are desperate to secure sales in the early stages to help pay off creditors and secure further funding for the next stage of building, it also boosts popularity around the project.When rent is so ridiculously cheap (when you shop around), and the owner of the apartment block takes full responsibility for maintenance, it seems silly to buy an apartment in Thailand, especially when the market is flooded and prices don’t go up or even hold their value.It's possible, but again, ask yourself…It isn’t all doom and gloom.Most people in the Western world buy a property because it goes up in value, yet I know a guy here who bought a condo two years ago and now cant sell it for toffee.He thought the escalating market would mean being able to flip it for a small fortune within a couple of years. Why would a buyer buy second hand, when for only a few grand more they can buy brand new?

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