The Asian continent comprises of some of the world’s most heavily populated countries with countries such as India and China with the largest economies in world. However, this article will provide an overview of the pros and cons of investing in properties in certain countries in this region.
The capital city of Thailand is famous for its real estate market. The business of renting out condos are immensely popular as the properties yield high profits thereby making it advantageous for the landlords. If you look up on ‘property Bangkok for rent’ you will come across a number of properties which you could make notable profits in. However, a disadvantage is that the process of purchasing a property is quite complex and foreigners are not permitted to purchase land, thereby cutting off a huge market, since foreigners are willing to make huge investments.
This country is well-known for its luxury apartments and shopping malls. Over the years, there has been an improvement in the rental market as well as the transaction costs are generally low. However, the rental income tax is quite high, thus posing as a disadvantage for those looking to invest in this market.
The property market in Manila is quite popular compared to the other Asian countries. There is a highly profitable opportunities with regard to luxury Condo for rent in Bangkok. Similar to the patterns of Bangkok condo rentals, the rental sector of manila is also quite powerful as they have a strong expat rental market. However, the downside is that, the government has prohibited foreigners from buying land and has imposed high taxes and transaction costs, thereby making it difficult for the landlords.
There are a number of trades in China which make it a prime destination for business opportunities and investments. However, the property market in Hong Kong is the most popular compared to other cities. This is owing to the fact that the Chinese economy is stable and transaction rates are quite low compared to other Asian countries. In addition, the rental income tax is also less in comparison to other countries, thus making it a pro-landlord rental market. There are several Asian countries to choose from when making property investments. Each country has a different set of rules and something unique to offer. Some have low rental incomes but yield lower profits whereas other markets yield high profits but have government rules such as no permission for foreigners to purchase land. Therefore, it is best to research the workings of each market and decide what is best for you.