by douglas » January 25, 2012, 4:04 pm
Hi,
Hear what your saying about renting for a year. When i came to Udon Thani Jan 2006 and bought a new house. We bought this for less than one million B. I drew the money out of my home bank, against advice from so called experts, and glad we did, and it was approx. 14,000GBP's then. My mate, who had a Thai. G.F., now married, decided not to come with me and leave it for a few years, The GBP dropped and the price of land went up, in LOS, by over 100% overnight. For the same type of house and land i got, inside the ring road of Udon. he payed 2 Million B for his. or nearly 40,000GBPs. I am glad i did not take peoples advice about renting. I have always said you are making a rich landlord even richer. Mind you he is happy living in LOS. In his own house now.
The other year i went to have our house valued, to cut a long story short i was quoted 2MB. min. Not saying i will get this. But if i was paying 10,000B a month for rent, think of how much money i would have lost. Unable to get back what i paid in rent, And rents have a habit of increasing every year. And for the doom and gloom people, my personal opinion is that land and house prices will not drop in Udon. To many people moving here, supply and demand. Just look at the single road, ring road, and see how many houses have gone up there. In approx 5 or 6Km, have not measured it.
When i bought the new house, it was fitted with hot water showers, cooker, curtains, the living room furn. and one bedroom of the three was furn. Plus a tiled carport. Now if you want a 2,000L water tank, or showers toilets etc. in a new house, you have to pay extra for it. But U.T.Y.
Cheers Doug.