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Real Estate in Thailand

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Real Estate offer in Thailand: apartments or home?

If buildings are more and more present in the most important destinations in Thailand low density houses are more numerous. Thailand is a country renowned for its hospitality and its very attractive cost of living which boosts investments of foreigners in the country. Many homes in Thailand feature as standard facilities a swimming pool, a gym room and a 24/24 security system. There also are little villages or ''Moo Baan'' with a more or less luxurious homes. The most luxurious ones integrate controls of entries and exits, a clubhouse, a swimming pool and sports facilities.

Renting a home or apartment in Thailand

It is fairly easy to rent a property in Thailand. The law protects the owners so they are more likely to rent their homes or apartments without many restrictions or requiring too much documentation. In general, a copy of your passport, 2 months deposit and 1 month prepaid rent are enough to move in in the days following the lease signature. The renting contracts generally lasts for a period of one year renewable. In tourist destinations, you can rent villas, houses, studios or apartments for shorter periods. The conditions vary depending on the destination or type property.
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Investing in real estate in Thailand

Real estate can also be a way to invest in Thailand. This is the mode of investment Thais like the most and foreigners are increasingly likely to make the move to diversify their investments and capitalize on the development of Thailand. The rental yield obviously varies depending on the type of property and the destination but on average it is around 6%. Knowing that it is possible to find rental investments generating nearly 10% per year.

The property right in Thailand

Before any investment, you have to learn what the right of property in Thailand is. It allows foreigners to purchase apartments in condominiums (condos). But foreigners can not not buy land in their own name and can only get a 30 years lease renewable for the land and own the house if they build on it. Depending on the nature of the investment and to easily control the renewal, a Thai company can be created, but if you opt for this solution, it is better to be accompanied.

Real estate agencies in Thailand

If legal assistance can be sufficient, the benefits of using the service of a real estate agency when buying or renting a property in Thailand, especially when you are from abroad, are not to be overlooked.

  • the agency fees are paid by the owners so no surplus for the tenant or purchaser
  • you have access to a larger selection of deals
  • no language barrier and you have an expert of Thai laws and contracts with you
It is better to choose storefront agencies that are present in Thailand for years and if possible have staff speaking your native language. All the agencies are not equal.
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