5 reasons to migrate to Thailand
Migrating to another country is a big decision and require many considerations. Aside from a lifestyle choice of living near a beach with sunshine all year round, there are more things to be considered – the realistic considerations. Unfortunately we live in an era where money is in control of everything. To get a life, you need to make money, or at least have a decent savings to support your day-to-day life. In Thailand, it is possible. Here are the 5 practical reasons to move to Thailand:
1. Reasonable and affordable living
In Thailand, standard of living and rental cost have always been maintained at a reasonable and affordable level. In Australia however, the cost of living in capital cities like Sydney, Melbourne and Brisbane are on an upward trend with no signs of slowing down. Australians are struggling to make ends meet.
This is the most obvious reason for the move. The living cost in Thailand can be as low as 1/4 of the cost when pared to Australia. Here we show you a few examples of the differences:
2. Work and business opportunities
One of the reason why Thailand has attracted a lot of immigrants is that it has offered diverse and exciting work and business opportunities. Thailand is viewed as one of the highest potential countries for business development. The Thai government already has plan for infrastructure expansion nationwide. With this plan in place, it would create large number of job opportunities. In particular, “Eastern Economic Corridor” and “Thailand 4.0”, both are Thailand’s economic models that they are focussing on. These projects will no doubt create work and business opportunities in Thailand.
3. Hospitable living environment
Thailand is well known for their hospitable culture. It was reflected by Thai locals on their friendliness and accommodating attitude towards foreign immigrants. Needless to say, in terms of food and cuisines, not only does Thailand offers authentic Thai food, but also well adapted with diversity such as western cuisines. In major cities like Bangkok, Phuket, Chiang Mai and Pattaya, food options are countless.
From tourists’ standpoint, Bangkok is a shopper’s paradise. Float markets, Platinum Mall, Siam Paragon shopping centre are just some of the iconic places to visit. If you have been to Thailand before, you would agree that Thais are some of the best service providing nations in the world.
3. Hospitable living environment
Thailand is well known for their hospitable culture. It was reflected by Thai locals on their friendliness and accommodating attitude towards foreign immigrants. Needless to say, in terms of food and cuisines, not only does Thailand offers authentic Thai food, but also well adapted with diversity such as western cuisines. In major cities like Bangkok, Phuket, Chiang Mai and Pattaya, food options are countless.
From tourists’ standpoint, Bangkok is a shopper’s paradise. Float markets, Platinum Mall, Siam Paragon shopping centre are just some of the iconic places to visit. If you have been to Thailand before, you would agree that Thais are some of the best service providing nations in the world.
4. Politically Stable
In the past, the political situation in Thailand is unstable. However, ever since the new government has taken control, they have been able to achieve stable development in all aspects of Thailand.
“Thailand now has political stability and has been able to overcome conflicts in the country.” said Prime Minister Prayut Chan-o-cha on Friday 21 June 2019.
For immigrants, this can only means good news. Political stability proves to have an ultimate impact on safety (no riots for wrong doings), more consistent investment (stable and foreseeable growth), and less major reform in tax and governance systems.
5. Robust returns on real estate investment
As mentioned on point #4, a country with good political stability often leads to stable and robust returns on investment activities. In recent years, apartments in Thailand has often made the headlines for investment opportunities.
Real estates are considered one of the best investment vehicle in investors’ eyes. When we talk about investment, it is always a game of supply and demand. Since there will be no more land available in popular cities like Bangkok or Pattaya, the demand for real estates will outperform supply, leading to a robust return on real estates. Many apartments over the years achieved a stable 5% rental return, which mirrors the Australian real estate market, but only more affordable when compared.
Now there you have it. This is the 5 practical reasons to move to Thailand.