Asian real estate market 101 | Joel Real Estate

Are you considering moving to Asia? If you are, you are probably thinking about the Asian real estate market, right? Well, to be honest, you will have to do a lot more thinking, as well as researching. But, do not worry, we are here to help you out. And, trust us, you will need that help as Asia is the largest and most populous continent in the world. A lot of people decided to call Asia home, and that is why this continent is also so diverse. Thus, without further ado, here are some reasons why moving to Asia is a good idea, and some insights into the best places to live or to invest in real estate.

Why Asia?

Let us first begin by giving you some reasons why Asia is a great place to live. Yes, this can be rather generic as there are many countries in Asia, and lifestyles can differ in all of them, but here is what expats say about life here. First things first, it is much cheaper when compared to the USA, Australia, New Zealand and most of the European countries. This especially applies to food and drinks. Moreover, transportation is affordable too, and as it is also very developed, you will have easy access to other regions. The landscapes differ a lot depending on where you are. You can go from a busy city to a peaceful beach in just a few hours. So, yes, every day will be an adventure in Asia. So, if you like what you hear, and plan on investing in real estate, now is the time to think about the Asian real estate market and finding the best movers.

Best Places in Asia for Living and Real Estate Investment

To many people, living in Asia seems intimidating. But the truth is, according to many expats, living here is exhilarating, comfortable and affordable. So, do not hesitate to call Relosmart Movers Hong Kong and start packing your bags. But first, let us share with you some of the best places to live in Asia and the best places to invest in the Asian real estate market.

1. Bangkok, Thailand

Bangkok is definitely one of the most loved cities in all of Asia. It has a welcoming culture, tropical climate, amazing cuisine, vibrant nightlife and many more. Most importantly, living here is more than affordable. Lunch will cost you less than a dollar and a taxi ride from your home to work will cost less than five dollars. Moreover, Bangkok turned out to be Asia’s top destination for property buyers. There is plenty to choose from – affordable houses and apartments. Also, renting does come cheap too. You can rent a fully furnished two-bedroom apartment with all the possible amenities for 1000$. And that is the price for the city center. Living somewhere further will cost you even less.

A view of the city of Bangkok, one of the cities to consider when exploring Asian real estate market. — When it comes to the Asian real estate market, Bangkok is the best choice.

2. Chiang Mai, Thailand

Another great place to live in Asia is Chiang Mai, in Thailand. There are a lot of expats here, 40,000 to be exact. And they all claim the same thing – Chiang Mai is the most affordable place to live on the earth, and to live well. There is a boom in housing construction for both the locals and the expats. You can easily buy land and a big house for less than $100,000. And, if you decide to rent, somewhere in the city center, your rent will cost you no more than 300$ for a three-bedroom apartment. Bear in mind that Chaing Mai is mostly populated by families with children and retirees, unlike Bangkok. So, organize your move here if you want to enjoy the close-knit community and a laid back kind of life!

A street in the city of Chaing Mai as one of the options when eploring Asian real estate market. — In Chaing Mai, you will have a low cost of living and a vibrant expatriate community.

3. Penang, Malaysia

Living in Malaysia is unlike anywhere else in the world. Yes, the lifestyle will be very different from what you are used to. But, with the amazing nature, deserted islands, fascinating cities, mountainous rainforests, and many other wonders, one will adjust quickly. If you decide to invest in some Asian real estate, this is the place to go. You can buy an amazing home for less than 1000$ where you can live like royalty. However, if you decide to first rent for a while until you find your dream home, you can do that too for no more than 300$ a month. You can also safely store your belongings in a rental unit while you are searching, as many expats do.

The city of Penang by night. — Penang will make you feel like you are on a vacation every day without breaking a bank.

4. Phnom Penh, Cambodia

The last but definitely not the least – Phnom Pehn. This city in Cambodia is a great place if you think about living somewhere in Asia or even investing in some Asian real estate market. You will see that many expats decided to do the same. Especially those who have the freedom of working from home. You can rent a one-bedroom apartment for 150$. And, if you decide to rent something more expensive – around 400$, you will live like a king. Cambodia offers that luxury. With the cost of living as low as this one, you will be able to enjoy a relaxed and almost royalty-like kind of life.

The city of Phnom Penh . — Living in Phnom Penh is great for those who love exploring and enjoying an easy life.

Conclusion on the Asian real estate market

As mentioned in the beginning the Asian continent is the biggest and the most populated one. That is why it is really hard to say which place is the best when it comes to the real estate market. Thus, we mentioned only four of them which are most loved by expats. In them, you can really invest in affordable real estate and enjoy a laid-back kind of life. So, if you think now is the time to move, start packing your bags, get your visa and give Asia a try.