You can invest in real estate in Thailand for two reasons. The first is you want a house or an apartment that fits your desires.
The second is an investment for only commercial reasons. If you are not quite sure about the question if you should invest your money in real estate, then look in the Guide to Investing in Real Estate which shows you advantages and disadvantages.
How to buy an apartment or house in Thailand ?
A foreigner can buy and own a home in Thailand.
An apartment can be put on your name if the apartment complex has no more than 49% foreign owners. Otherwise you need to establish a company first. Also for a house, you must establish a company, which is rather easy to do. To establish a company, you go to a lawyer. The establishment of a limited company will cost you around 25.000 bath and an annual tax from about 2.000 till 3.000 bath; depending of the amount that is involved with your purchase. Another reason you go to a lawyer is that he can check for you if there are any loans on the house you want to buy.
Further he can help you with the contract and the final step; the registration in the land office. To the land office you must present a document which proves that the funds have been remitted to you from oversea in a foreign currency.
How to own land in Thailand ?
If you want to buy land in Thailand you have to follow the same procedure as described above for buying a house. You will have to establish a company first.
An other possibility to own land in Thailand, is though a lease contract for a period of 30 years with an option for another 30 years. The amount involved with such a lease contract lies in most cases around the price you have to pay if you want to buy the land.
Land in Thailand is measured in rai. One rai is 1600 m2 or 2/5 of an acre.
How to rent a home in Thailand ?
When you rent property for a few weeks or month you have to consider that the cost for electric in most cases are not included. To give you an idea, for a normal apartment this cost will amount (depending of your use) between 600 and 3.000 bath per month.
If you want to rent property for a longtime period, you might consider a contract. The basic contracts for rent concern a period of maximum 3 years, during which the rent price will not change, and an option for another three years. Often a deposit of 2 month rent is asked which only will be returned after you rented the property for the full rent period of three years. Also a rent contract of more than 3 years is possible. You can do this through registration through the land office. In this case you have to pay a small percentage of the rent over the full rent period in advance
Attention. This website, Thailand Home Online, the premier website for homes, land and commercial property in Thailand. From Bangkok till Phuket and from Pattaya till Chang Mai and Hua Hin, all over Thailand we have for sale and rent houses, apartments or condos, land and commercial properties like restaurants and bars. Moreover, on Thailand Homes Online you can advertise your property for free, no charges at all.
