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Buying Property in Thailand

Jun 28

Buying property in Thailand is possible even for non-residents. It is possible to purchase condos, apartments and even entire buildings. However, you cannot purchase the land on which a building was built. To buy land in Thailand, you must buy it through a private limited company that is owned by a Thai national. This article will help you buy property in Thailand.

 

Buying property in Phuket

Buying property in Phuket, Thailand is a big decision and can be complicated. Choosing an agent is critical to securing your dream property and choosing the best location. Location is crucial for living in a happy place, as it will determine your proximity to amenities, health care, schools, shopping and sports facilities. A good agent will be able to identify up-and-coming developments in a particular area and advise you accordingly.

While there are many places to buy property in Phuket, it is important to understand that not everyone is a millionaire in Baht. There are buyers who want to get the most home for their money, and in these cases, buying in a better-value area can help them accomplish that goal. Moreover, location is crucial for a new home in Phuket, so while an ideal location may be beyond your budget, you still can buy the dream tropical home you've been dreaming about.

 

Buying property in Pattaya

If you're considering buying property in Pattaya, Thailand, you may not have known that there are some great ways to save money on your purchase. Off-plan property sales are thriving in Pattaya, allowing you to purchase condos before they are built at a vastly reduced price. Additionally, you can purchase the condominiums and pay for them over time in installments, allowing you to enjoy the full benefits of the property while paying only a fraction of the full price. Once finished, you'll be able to sell it for a higher price.

Although there's a strong real estate market in Pattaya, prices have remained relatively low compared to other destinations in Thailand and other parts of the world. Prices start at just 60,000 THB for an apartment with a swimming pool, and you can purchase a condo for half that price. Of course, if you're planning on living in Thailand, you should research the city thoroughly and enlist the help of a reputable real estate company.

 

Buying property in Hua Hin

Purchasing property in Hua Hin requires careful research. Hua Hin property prices vary considerably from those in other areas. While prices are often low compared to the cost of real estate in your home country, you must keep in mind that the quality of construction may not meet your expectations. The surrounding area should also be surveyed to see how new apartments and condos will impact the community. This way, you can make a more informed decision.

Before you buy a property in Hua Hin, Thailand, make sure you have a Last Will and Testament. If you die before you leave the property, you will avoid unnecessary stress for your family. Purchasing property without a Last Will and Testament can cause lengthy and expensive legal processes. Therefore, engaging a lawyer is the most important thing you can do to protect your interests in Thailand. A lawyer should be the first thing you consider when looking for property in Hua Hin.