Created : 4 Oct 2024
Updated : 4 Oct 2024
Mr. Natthakom Kerdanan, Managing Director of Exclusive Asset Co., Ltd., a luxury home sales agency, revealed that in 2024, the secondhand real estate market will offer a significant opportunity for those looking for either a residence or an investment.
The key factors driving the increase in property sales include both economic changes and the trend of property owners reducing their holdings of unused real estate to lessen the burden of land and building taxes.
As a result, more properties, including single houses, townhouses, condos, and commercial buildings, are entering the market, creating excellent opportunities for buyers seeking properties at reduced prices.
For buyers of secondhand real estate, Mr. Natthakom highlighted several benefits:
1. **Cost-Effectiveness**: As the supply of real estate in the market increases, prices decrease, allowing buyers to acquire properties at more affordable prices compared to new properties.
2. **Prime Locations**: Often, secondhand real estate is located in prime areas or well-developed residential zones with complete amenities, which are now difficult to find.
3. **Ready-to-Use Structures**: Buyers can thoroughly inspect the condition of homes or buildings before making decisions and can also negotiate with sellers more easily if further renovations are needed.
4. **Investment Potential**: For investors, secondhand real estate still holds opportunities for renovation and resale or rental at a price higher than the purchase cost, offering attractive returns.
Additionally, Mr. Natthakom emphasized the crucial role of professional real estate agents in this scenario. Their expertise in managing the buying and selling process, especially in handling contracts and negotiations, is highly sought after. The success of the process often depends on a deep understanding of the market and a commitment to quality service.
Navigating the complex real estate market requires professional consultation to achieve the best outcomes in terms of both price and convenience in the transaction process.