Thailand has a pleasant climate throughout the year and has a number of exotic landscapes, tropical environment, beautiful beaches, and mountainous terrain that enthrall tourists and residents alike. The beauty of regions and islands including Phuket make them one of the most popular tourist destinations across the world. Even when the real estate market in other parts of the world is going down, Thailand’s house for sale remains one of the most favorable investments for the investors. Properties including residential properties have always been hot and searched for in areas including Bangkok, Krabi, Phuket, Ayutthaya, Pattaya, and Chiang Mai among others. Thailand is one of the most robust economies in South-East Asia and has a number of businesses and loads of employment opportunities. The country has some of the best schools, colleges, and education institutes in Asia as well. Owning a house in Thailand will offer you the best of all worlds, and at a very reasonable price.
Affordable
A Thailand house for sale is often priced reasonably and is very affordable when compared to properties across the world. Investors should always prefer to invest in properties that are located in more prime locations in Thailand. This will help them get the best benefits and most favorable returns in the long run. The comfortable climate, natural beauty, and friendly Thai people make Thailand one of the most favorite destinations for those who want to purchase a home post-retirement. Many people also purchase property in Thailand as a vacation home and residence. Education in the country can be termed on par with the best in the world. The IQ levels in the country range from 108.91 to 88.07. Thailand is also one of the fastest-growing economies of Asia and the world as well. You will also find advanced communication, healthcare, infrastructure, and other facilities in the country. Thailand is one of the major Dental tourist destinations as well and has the world’s best dentists, and dental care and surgery facilities. Because the rates are low, people/patients from across the world tour the country to get treated for dental diseases.
Legal Restrictions
Those from outside Thailand or foreigners cannot buy a property in Thailand directly. However, they can purchase a property by forming a limited company, or take it on a maximum of the 30-year lease agreement. If a foreigner wishes to buys a condo unit, at least 51% of the condominium building should be owned by Thais. If a foreigner forms a company for purchasing land/property in Thailand, at least 51% of the shares of the company should be held by a Thai citizen. Foreigners have been found to invest mostly in condominium buildings and complexes.
Property in Thailand brings the best returns to investors. While the base prices are cheap, investors lease the property to tourists and again handsome returns throughout the year. This is so because the tourist season never ends in the country and people from across the world tour the region because of its hospitable climate, wonderful natural landscape, pristine beaches, and other tourist attractions. Expats or people of foreign origin working in Thailand also want to make the country their home for as long as possible. These ex-pats mostly invest in condominiums as well. You can buy a condominium in the country at a price of $ 30,000 or even less. In most cases, the size of the property is reasonable but you will have to pay more when you want a large size residential condominium, which is located closer to the sea. You should always look at the facilities provided by the complex including gymnasium, garden, and others before you buy a house in Thailand.
Whether you are a foreigner or live in Thailand as a citizen, living in the country is an exhilarating experience every day. You can enjoy the Ayurveda massages, spa treatments, bungee jumping, motor racing, horse bike riding, sightseeing, and a range of sports on the beaches. From a business point of view, few other places and real estate markets can offer the security of good returns. But search for a credible agency, when you wish to buy a house in Thailand as there may be frauds involved.
