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Looking for Land for Sale in Thailand

Thursday, September 8th, 2011

Thailand is a perfect blend of cosmopolitan culture with majestic locales. If you are looking for an investment in real estate you should invest in Thailand property. The topical climate, lush green flora, rare fauna, stunning scenic beauty, mouth-watering cuisine and above all extremely courteous people make Thailand a preferred destination from an investor’s point of view too.

When looking for land for sale in Thailand, you should first be clear about what type of property you are actually interested in. You may look at investing in a holiday home, villa, town home, commercial property etc depending on how you are planning to utilize the property. Thailand has lately become a hot real estate investment destination mainly because the real estate prices are still lot lower than any European or American destination. Secondly, Suvarnabhumi-Bangkok International Airport has made international air travel to Thailand more conducive than before. Thirdly, it has an impressive rental potential thanks to the huge tourist turnover every year.

For any foreigner who is looking for buying land in Thailand he may do so by either of the two options: leasehold or freehold. Foreigners are generally comfortable by investing in condominiums, i.e. out of the total condo units in any building where you are looking to invest, foreigners may own 49% and Thais own 51%. Condominiums come under the category of a freehold property and with proper assistance from a professional lawyer it is possible to own the land completely too.

While buying a condominium it is advisable to check the following as safety measures:
• Title check to ensure that you are buying legal land from a legal owner.
• Have your lawyer draw up a purchase contract.
• Negotiate the payment of the transfer fee and decide the amount that would be paid by you and the amount that would be paid by the seller at the time of sale.

For a leasehold property, a 30 year lease would be mandatory on the home you wish to lease and a renewal would be required after the aforesaid period. Alternatively, you may also hold a 30 year lease on a plot of land and construct a house on it and rent it out. In such cases the ownership of the house stays yours and the land continues to be leased. Later if you wish to sell the house you may do so too. If your buyer is a citizen of Thailand you get to sell the land along with the house. If not then the lease on the land continues and the house owner changes.

How to Ensure Profits from Real Estate Investments in Bangkok

Friday, January 1st, 2010

Kingdom of Thailand is a constitutional monarchy and is unique among Southeast Asian nations whose traditions are rooted in centuries of freedom. Beautiful mountains, dense forests and mile after mile of white sandy beaches and turquoise seas lapping at the shore, a tropical climate draw visitors back each year. There are many exclusive trading blocs that are in place in the region to facilitate the smooth flow of goods and services across the borders of various countries located in South East Asia. The city of Bangkok is one of the biggest cities in this part of the world and is a center of commercial activity that spurs the growth of the Thai economy. This makes investing in Bangkok real estate a viable business proposition.

One of the main advantages that are offered by Bangkok real estate is the price arbitrage that can be availed of by investors in the property market in this South East Asian country. The prices of a Bangkok house for sale or a Bangkok condo is only a fraction of what it would cost to buy a similar property in developed economies. In some situations, you can get yourself a property in a new development that is being promoted by Thai businesses. The advantage in such a real estate transaction is that you may be able to get attractive discounts on the sale prices of properties in the Bangkok real estate market.

Foreign citizens who are interested in real estate investment Thailand have to be aware of the local property laws to profitably invest in the property market in this country. The laws governing the sale or transfer of property in Thailand are set up with the express purpose of protecting the interests of their citizens and also to prevent the inflationary pressures of an unregulated real estate market.

What this means for the international investors is that they have to get a thorough understanding of the Thai property laws with a special emphasis on the interests of foreigners in the property investment transactions. It may be good move to engage the services of Bangkok estate agents to advise you on the legal aspects of the property transactions in Thailand.

One of the safer ways to invest in Bangkok real estate is to set up a company in Thailand, as you would then be able to get over the restrictions imposed on foreigners to invest in the Thai real estate market. The Bangkok estate agents are perhaps the best point of contact that you – as a foreign individual investor – can entrust the task of engaging a lawyer to complete the necessary formalities to start a new company in Thailand as a precursor to your property investments in this country.

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