Last updated January 5th, 2024.
When buying a house in Asia, choosing the correct city is perhaps even more important than the country.
This may sound confusing, but we have a reason.
Real estate markets are usually driven by local factors such as employment opportunities and housing supply.
Therefore, a nation’s broader economic data, which analysts typically use to determine how well the country’s doing, isn’t going to be relevant to the performance of its property market.
For example, if you purchased a luxury condo in one of Bangkok’s central neighborhoods ten years ago,…