Trends in the Real Estate Market in Thailand
„About the peculiarities of the sale and purchase of property in Thailand, what risks may be associated with this and how not to fall for fraudsters, we talked with the expert, founder and owner of the Siam Royal real estate agency Xenia Ustymenko. Xenia hasn’t just explained the complex things in simple words, but also shared advice on how to deal with the challenges and difficulties people face in the complex process of buying or selling real estate.“
- Xenia, what are the main services offered by your company, and how do they differentiate from competitors’ services?
Our company, "Siam Royal," offers a wide range of services in the Thai market, from selling commercial real estate (including land plots) for future development as well as property management services. Additionally, when purchasing real estate, you have the option to rent it out. It’s our company that will gladly assist you with this. We’ll fully be responsible for the entire process of renting your apartment or villa, from finding tenants to move-in. This will, in turn, provide you with a steady income. Furthermore, our company employs the lawyers who can assist in obtaining any type of visa you may need. We also have a dedicated department providing tourism services and organizing tours across Thailand, Singapore, and Vietnam. In fact, our company stands out for its wide range of services and will meet all needs. Whether it's a turnkey vacation, permanent relocation, and, of course, investment our leading experts will guide you through all these processes.
- How many people are there in your staff?
We have a large, friendly and professional staff of 17 people. Everyone is a professional in their field and always ready to help the client. I chose the staff very carefully, so now we’re working as a single mechanism. It's just invaluable because a healthy atmosphere in the staff is the key to the success of the whole company. Each of our employees loves his work and does it with maximum efficiency. The motto of our unit is: "Every client who has contacted us will get everything he needs. Leaving us, he will return again and again, and will advise us to his friends and acquaintances". For us, this is an indicator when people seek the advice because acquaintances or good friends have recommended us.
- What challenges or difficulties do people face when buying or selling real estate?
What sets Thailand apart is the remarkably easy and fast process of acquiring real estate compared to other countries. You can do it without even coming here. We make a deal online, the client only needs a wish and a copy of the passport, and the rest is ours. You get documents for the apartment, being anywhere in the world (both when buying and when selling). Problems can arise only in the case of contacting an incompetent company or fraudsters, which, unfortunately, happens. Therefore, always check the company and its reputation before making a deal.
- How do you assess the current state of the real estate market in Thailand?
Nowadays, the real estate market in Thailand is only growing, many new projects are under construction while others have been already scheduled for the coming years. In this country, you can buy an apartment or house in interest-free installments for the entire period of construction, and the payments will be divided according to the calendar schedule. You won't overpay anything, no interest. You make only the first payment, which is from 20 to 30% of the cost, and the remaining amount is divided in equal parts. We help customers make payments from anywhere in the world and in any currency, in case there are any complications with this. Buying real estate in Thailand, you make a good investment, because the market trend is now such that real estate is only growing in price, and therefore buying it at the construction stage you not only get installments, but also earn a lot.
- What marketing strategies do you use to attract new customers and retain existing ones?
We include contextual advertising, SMM, constant monitoring of the market to meet all client desires and needs. We offer exclusive and unique propositions. Besides, we negotiate the best buying conditions. We have signed contracts with all developers currently engaged in the market, which means we’ll always choose the best options with the best prices for our customers. For us, there are pleasant bonuses with discounts, because we’ve been working in the market for a long time. Service and professionalism is what allows us not only to keep the client, but also to get new customers for positive reviews about "Siam Royal."
- What plans do you have for the future growth of your company in the real estate industry and what goals do you set for the coming years?
We’re just at the growth stage, gradually expanding, and also adding new services but our company has a great and bright future with large-scale goals. Our team will always learn modern trends to implement them immediately into the work. At this stage, we have already formed partnerships with companies in various countries worldwide and this list is constantly growing. Our partners are always satisfied with our work and it’s the best indicator of trust. Today, we are open to communication and ready for cooperation.
