Buying Property in Thailand | Phuket Realtor
Buying Property in Thailand
Are you considering buying property in the land of smiles? Have you worked out a few of the preventive measures before stepping ahead?
The majority of resources feature articles for buying homes focus on Spain, Cyprus, and Italy. Only a few articles focus on Thailand real estate, irrespective of the fact that Thailand is one of the most attractive places to invest in the World.
Thailand is blessed with an abundance of exotic scenery, magnificent temples and unique culture, a consistent exhibition of warm sunshine, and the closeness of the people residing here.
More and more foreigners are purchasing property legally with a Leasehold (30+30+30) structured term. This avoids the need to set up a Thai company. Lawyers on the island have devised ways to further protect buyers of real estate involving land.
Instead of buying property involving land, it is also common for foreigners who prefer freehold titles to purchase condominiums thru the Thai Condominium Act. This process is straight forward and the Thai law reflects the fact that foreigners are entitled to owe forty-nine percent of a condominium development as foreign freehold. To accomplish this, you need to facilitate the transfer of currency from a bank based outside of Thailand.
For more information on buying property in Thailand please call us today at +66 93 606 0906.