Thailand real estate properties are becoming more
and more attractive lately, even to foreigners
working in the country.
The longer these foreign
executives stay in the Thailand, the more they feel
like buying properties in the so-called “Land of
Expatriates are now looking at buying condominiums,
even houses, not only in Thailand’s most popular
city (Bangkok) but also in nearby areas like Phuket,
Hua Hin, and Pattaya.
Because of this surge in popularity, values of real
estate properties in these areas of Thailand have
continuously appreciated over the years.
The charming country is no longer just a favorite
vacation spot but has now become a favorite place
for retirement.And why not? Thailand has the most beautiful beaches
and places of relaxation at very affordable prices.
Not to mention the friendly neighborhood and
affordable cost of living.
It is really difficult not to love this place and
want to settle here.
nationals who want to settle in Thailand and make it
their home, here are a few guidelines in buying real
estate properties in this country.
The most saleable
real estate properties in Thailand are condominiums
because they are strategically located near places
of work such as the central business district of a
sprouting like mushrooms in Thailand. In Bangkok
alone, there are currently more than 55,000
condominium units and the numbers are still growing.
also easier to acquire compared to houses and lands,
hence its popularity among expatriates living in
Buying a house in Thailand is not easy for foreign nationals
but possible. Foreigners cannot own a house in Thailand as
an individual and put it under their name, but they can do
so through their Thai registered company.
The house will be
put under the name and ownership of the said
company. The same goes when purchasing a piece of
land. It also has to be under the ownership of a
Thai registered company.
Another way to
buy a house or a land in Thailand is to marry a Thai
national. Although they would purchase it as a
couple, the property will still be put under the
name of the Thai spouse and declared as bought with
the separate money of the Thai spouse.
This can be a
little tricky though, especially if the marriage
does not go well and ends up in a divorce because
the declaration also states that the non-Thai spouse
waives his claim on the property.
Whatever kind of
property a foreigner would like to buy, the first thing he
has to do is to consult a good lawyer so all areas of
concern would be covered.