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SIAM LEGAL PROPERTY SERVICES
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Real Estate in Thailand has become sought after. Real Estate not only in Bangkok but in Hau Hin, Pattaya and Phuket have all increased in value over the last few years. Certainly, there isn’t more satisfying to the charmed foreign visitor like you than the prospect of owning a piece of paradise in the form of real estate in Thailand. This real estate in Thailand could be any property such as a parcel of land in Phuket or Samui, a condominium in Bangkok, an apartment in Chiang Mai or even a shop in Pattaya in this undeniably beautiful and most exciting part of the world called Thailand. Whether you intend to use that dream real estate in Thailand as a vacation place, a permanent residence or simply as an investment, surely your decision to acquire any real estate in Thailand will never go amiss.
THAILAND REAL ESTATE: BUYING A CONDO
Thailand real estate is booming. Most foreigners when deciding to purchase real estate in Thailand look at purchasing a condominium. It would be safe to say that most foreigners buy real estate in Thailand either for retirement or as a property investment. There are a number of factors to take into consideration when buying real estate in Thailand. Consider the following factors such as those listed in the most common Thailand real estate pitfalls, Thailand real estate problems. Also view the Thai property market outlook. Also take into consideration the costs of your property transfer taxes and Thai title deeds and Thai property taxes. Thailand real estate has been in a boom phase for the last few years and we have written extensively on the subject of buying a condominium in Thailand here.
Buying a house or Thai villa in Thailand is not as straight forward as buying other real estate in Thailand such as a condominium. Firstly you would need to register a Thai company, as a foreigner may not own a house in his name. Once your Thai limited company has been registered, then only may the real estate be purchased. Things to consider are Thailand property taxes and we have listed a property transfer calculator. There are also the different Thai title deeds and the most common Thai real estate problems. Should be buying off plan it would be of interest to read aboutbuying off plan in Thailand. We have an extensive section on Thailand real estate with regards to buying a house or a Thai villa and have listed it here:
Thailand real estate is by broad definition condominiums, houses, villas and lastly land. In Thailand they do not use Western measurements for land. Use our online calculator to Convert Rai and Convert Rai to Square Meters when wanting to know the size of the land you are looking at. There are different ways in which to own land. One method is through a leasehold villa investment. It is a favored alternative because it is simple and straightforward. Foreigners can obtain full interest on a lease in Thailand for the specified time. This differs from purchasing through a Thai limited companywhere you have several shareholders who may have interests that are different from yours. A foreigner can marry a Thai and purchase land as a couple.
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