Recently, Thailand has been leading the overseas property market. Strange as it may seem, but approximately 60% of Thailand’s real estate is sold to citizens from the former Soviet Union. There are many reasons for this popularity – affordable prices, the economy is developing, and a comfortable climate.
Buying a home in Thailand is a profitable financial investment. You will get a vacation spot and a stable source of income – rental prices in Thailand are steadily increasing. Real estate in Thailand is much cheaper than in Europe, and the choice is growing noticeably.
The following types of real estate are the most popular in Thailand. Relatively inexpensive apartments in condominiums (modern residential complexes) are very demanding, and they cost quite a bit. The best option for those who plan not only to live, but also to work in Thailand would be a townhouse. The most expensive real estate is villas. These are self-contained houses on a separate plot of land with many amenities. By the way, you can buy real estate in Phuket on the pages of our specialized website.
Property prices in Thailand can fluctuate greatly depending on the region of the country, proximity to the sea, infrastructure and other factors. The most popular real estate on the island of Pattaya, as well as promising investments in housing in Phuket and Koh Samui. Still reclaiming an apartment in Bangkok and the promising resort of Hua Hin. The main difference between secondary housing and new buildings is that for secondary housing you need to pay immediately and in full.
For foreign citizens, there are restrictions – you can only buy apartments in condominiums. Foreigners are not allowed to buy land plots. But there are perfectly legal ways for a foreigner to buy Thai property. For example, registration of land for a Thai company. A company is recognized as Thai if 51% of the authorized capital is owned by Thais. Further, land is bought through the firm. If all the documents are drawn up correctly, then, as a rule, the owners do not have any problems. The advantage of buying land and buildings for a Thai company is that it will cost 15-20% less than buying in the name of a foreign citizen. Another way a foreign citizen owns land is long-term lease. Usually set for a period of 30 years, for leases with the possibility of further renewal. It is also necessary to issue a lifetime right to use the property that is located on the site.