Over the years, Thailand has attracted investors from around the World. And this is not surprising, because real estate in this country is constantly in high demand, both for purchase and for rent. House by the sea is a dream of many, especially if this house is located in a country where eternal summer reigns! In addition, the economic and political situation in Thailand creates a favorable climate for investment.
Real estate in Thailand is interesting not only in terms of a profitable investment - but also as a place of permanent residence. The warm tropical climate of Thailand, favorable environmental conditions, clear air, amazing sea, well-developed infrastructure, high quality medical care - make it a desirable country to live.
The southern part of the country is washed by warm seas, which attracts numerous tourists from around the world, and therefore, bring a good rental income. Phuket Island is especially attractive, Phuket beaches are considered to be among the best in Southeast Asia. As a result, real estate in Phuket for sale and for rent is always in high demand. Favorable prices for Phuket real estate allow you to realize your dream about a house by the sea. In same time purchasing a property in Thailand in Phuket is a great opportunity to invest your money.
Another popular resort in Thailand is Pattaya. The well-developed infrastructure and proximity to Bangkok make Pattaya attractive for tourism despite the lack of good beaches. To compensate for the lack of good beaches, apartment complexes offer their residents a rich internal infrastructure, which as a rule includes a large swimming pool. Favorable prices for real estate in Pattaya cannot be uninteresting to investors. Particularly interesting is the secondary market, where at the moment you can buy an apartment in Pattaya with a price lower than from a developer, discounts reach up to 50%.
The market compares favorably with other countries in that as a rule, you purchase a property ready to move in, fully equipped with everything necessary for living or renting. At the same time, developers in Thailand are oriented, to a greater extent, on the needs of foreign buyers, building modern, comfortable housing, taking into account the latest global trends in design and architecture.
From a legal point of view, the purchase of property in Thailand is a fairly simple and transparent process, fully regulated by Thailand law, in order to ensure the maximum security of such transactions for both the buyer and the seller. One of the advantages of buying a property in Thailand is the absence of taxes on owning real estate. You pay the tax only in case of buying or selling.
How to choose your dream home in Thailand
In order to choose your future home in Thailand and do not be disappointed later, you need to clearly define for yourself what are you looking for, with what purposes (investing or personal residence), and what search criteria are most important to you? First, you need to decide on the place and type of property. Will it be a house or a villa in Phuket, an apartment in Pattaya? Is your dream to live in a bungalow on Samui? Do you want to live by the sea, or does the purchase price most important for you? How many bedrooms do you need? First of all, you need to set your priorities, and only then start searching for suitable properties.
Buying or renting property in Thailand.
For many people who choose a Phuket as a second home, the first question is: what is better to buy or rent a property? Of course, first of all, it all depends on your financial situation, as well as your needs. Not always the purchase is justified and profitable. So, for example, if you want to buy an apartment for your permanent stay, but didn't decide yet how long do you want to stay in this country? How much do you like here? Where exactly do you want to stay? It is better to try first, and rent a property, to understand all the pros and cons, and then acquire what you like. At the same time, purchasing a property, you can save on rent from one hand and receive income from the letting to rent at the time when you do not live there from another hand.
If you buy a property for investment, then you should focus not on personal preferences but on market demands. You should choose the most demanded property on the market which will be easy to rent out and to sale.
Renting a property in Thailand is quite a simple process. The market is offering a large number of proposals for any budget and any period of stay.
Residential and commercial real estate in Thailand.
The real estate market in Thailand is offering a lot of proposals for every taste and budget. This may be a small studio apartment in a condominium at Koh Samui, or a luxury villa in Phuket, close to the sea and golf courses, or a house in Pattaya with its own garden and swimming pool. You can live in the center of a big city or, on the contrary, find a quiet place surrounded by beautiful tropical nature, where no one will disturb you.
The same thing happens with the commercial real estate market in Thailand. The market has a large selection of offers. Premises for warehouses, restaurants, cafes, production facilities, office premises, all these offers are available for rent and for sale.
Purchase for your own residence or for investment purposes.
Property in resort areas such as Phuket, Pattaya, Hua Hin, Samui brings consistently high rental income.
Buying property in Thailand, on the one hand, is more expensive than a rental, and on the other, it is more economical. When you are living in your own home you don't have to pay a rent. At the same time, prices in the real estate market are constantly increasing. In addition, you can get a stable income from rent when you don't live in your property. And you can always profitably sell your property in Thailand.
Secondary market or real estate from the developer in Thailand.
A purchasing of real estate on the construction phase is more attractive by the price, but it's considered riskier. The construction could be not completed, or it will be built later than was planned, or as a result, you will not get what you expected. On the other hand, it is a perfect opportunity to buy new housing at a bargain price, with interest-free installment payment until the end of construction. In addition, almost all developers in Phuket and Pattaya are offering investment return guaranty programs. To avoid risks in the acquisition of such housing is better to contact the real estate agency in Phuket or Pattaya. The terms of purchasing a real estate from the agency and from the developer are exactly the same, but the agency will be able to help you to avoid this sort of risks. Read more about how to avoid risks when buying by the link.Недвижимость «под ключ» в Таиланде.
In most cases, housing in Thailand is sold complete "turnkey", which means that you do not have to spend your time looking for everything you need for your new home, and you can start living there or receive income from lease immediately after construction complete, regardless of whether you purchased an apartment, house or villa in Thailand.
This is very convenient, given that often housing is purchased for the purpose of investing, owners of property can save a lot of time and money on repairs and buying furniture.
To equip the property by yourself seems to be more profitable only in begin. Suppose you decide to buy a villa in Thailand without furniture and decor, you have to spend a large amount of time searching for a designer and a construction team to design the house to your liking, and then spend a lot of time and money buying furniture and objects suitable for the interior.
Option purchase "turnkey" applies to commercial real estate in Thailand as well. By purchasing a commercial space for a restaurant, office, cafe, or hotel - you often purchase a running business with the company, all necessary equipment and furniture.
Our company will be happy to assist you in choosing the right property in Thailand based on your needs and purposes. We provide all our clients with legal support at all stages of the transactions.
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