Property prices in Bangkok are increasing rapidly, and now that the sky-train has been extended to the East and West sides of the city, many foreigners are choosing to escape the city and are looking towards less crowded areas in the suburbs.
Many are choosing to buy middle and lower priced homes outside the city in suburbs such as Thon Buri and Bang Na. The attractions of these two suburbs include the fact that Thon Buri has relatively few high-rise buildings, while in Bang Na there are several good international schools.
The suburbs of Bangkok are undergoing something of a population boom, as the number of residents has increased by more than 30% during the last decade. In spite of this massive increase the population density is still an incredible 800% lower than the inner-city, and according to the National Statistics Office this equates to 1,086 people per square kilometre, compared to 8,780 people per square kilometre.
The top two districts for population expansion are Bang Bua Thong and Bang Yai, where the population increased by 85% and 107% respectively which is largely due to the government’s plan for extending the MRT Purple Line.
It's expected that the property market in Bangkok will continue to remain hot, as the city is likely to become a hub within south-east Asia. The number of foreign tourists visiting the country grew from 15.93 million arrivals in 2010 to 11.17 million during the first six months of this year. This number is expected to increase to over 30 million tourists annually once the Asean Economic Community is formed in 2015.
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