The Buying Trends Of Single Female Expat Property Buyers In Thailand

Expatriates, including single female expat, can certainly invest in the Thailand property. It is a well-known fact that women are waiting much longer to marry, while some of these women are single mothers, divorcees or widows. Therefore, property owners have taken it upon themselves to develop housing units that appeal to single females.

This has gone a long way in encouraging women to have the confidence in buying a home.  If you are purchasing a new property, find out the properties due completion date and the point payments are required. If you are planning to rent out the property, you can expect the rental income to be in the local currency. Therefore, it is important to be aware of the prevailing exchange rates.

Financial security

Women are increasingly becoming aware of the importance of securing their future. They recognize a home is an important financial investment instead of tying their financial security to marriage. Furthermore, the lucrative opportunities existing in foreign countries are pushing many women to buy property to live in or rent out.

Nevertheless, about 75% of these women are risk averse, choosing to invest in low cost housing. However, unlike their male counterparts who opt for single bedroom units, single female expats opt for two bedrooms homes, because many of these women live with children or a friend.

Financing

Almost all foreign property buyers tend to face lots of lending discrimination. Therefore, the majority of single female expats investing in Thailand choose to buy their properties using cash, just like their male counterparts.

Location

Women are less likely to use the internet to search for homes, but instead rely on the advice given by their realtor. Single women opt for co-housing communities, which offer the benefit of privacy, opportunity to own a home, and a supportive community. Furthermore, single female prefer living in the cities as opposed to the suburbs. According to research findings, women tend to compromise on cost and size of their home in favour of a suitable location and a friendly neighbourhood in Thailand.

Type of homes

It is important for single women expats to determine their requirements before choosing their homes. Some of the requirements include type of home (room, studio, house, flat, etc.), furnished Or unfurnished, number of rooms & bathrooms, garden and parking. The majority of single female expats choose to buy condominiums in their desired location.

Buying a condominium, means the woman does not have to worry about external maintenance chores or gardening. Furthermore, condominiums tend to offer the right number of bedrooms and offer affordable cost options. Moreover, condominiums allow them to live among neighbours who are more likely singles.