Major Ways To Invest In Thailand Real Estate For Investors Every year a large number of tourists come to Thailand, particularly at the most popular tourist destination like Phuket. Therefore, these days, Phuket becomes the biggest center of attraction for entrepreneurs, young families, and retirees. From an investment point of view, this place is a perfect destination for buying a property in Thailand for residential or let out purposes. Let’s know some best ways to invest in Thailand Property.
Best Ways to Invest in Real Estate in Thailand 1. Freehold Condominiums Investing in freehold properties is the straight way for investing in its own
property by foreign investors. As per the law, an investor can invest up to 49% in any condominium unit. But, in Thai-owned percentage, a condominium unit can be completely legally titled in the name of a foreign investor. This means an international investor can become a permanent owner of the property until he sells the unit. With this, when a foreigner buys a property, fractional property unity like car parking, gardens, swimming pool, and reception area also transfer to the owner’s name.
2. Hotel-Licensed Condominiums Hotel-Licensed Condominiums also called Condotels that combine the service of the hotel and the legal structure of a condominium. This is a perfect destination investment that serves more opportunities. In this real estate option, an investor invests in individual property and then rent it for hotel accommodation. The owner can allocate a certain number of days for their own use, and the rest of the time can be rented to customers. Condotel has features of both condominium and hotel licenses. Therefore, owners can earn income from the resort as well as from the rental business.
3. Luxurious Residential Property Luxurious residential property includes villas, condominiums, or similar properties. This is an excellent opportunity, and every interest foreign investor must invest in these properties. These branded residences are transferred to investors in their own names as freehold property. When a buyer buys from an under the pool or shared its name with a luxury hotel chain, you can enjoy world-class architects, fixtures, and finishing. Even you can also enjoy 5-star luxurious hotel facilities at these accommodations.
4. Landed Property Land property involves actual plots of soil, rock, houses, townhouses, bungalows, or villas. As per the law, foreigners are not eligible to buy lands directly at their own name, but there is an exception in a few cases. Let’s discuss them as follow: 1. Buying property under Thai company: In this case, a foreigner cannot buy property at their own name, but a can purchase through thai company.
But the Thai company must be registered, and the buyer has not more than 49% shares. You can also hire a legal adviser to get the best decision. Moreover, he will complete all your property formalities. 2. Buying real estate under the title of Thai wife: In Thai, the foreign spouse is not allowed to buy property at their own name. But a Thai spouse has to attract a written joint declaration that his/her personal funds are also used for the purchase. Note: He/she can sell or mortgage the house with the consent of the spouse. There is another way of buying a house on 30 years lease. In this case, one spouse cannot sell the house with the consent of another partner. Because both have equal rights to save property until the expiry of the lease. 1. Consider Thai friend as Partner: Foreigners can be trustworthy. Therefore, foreigners can transfer their funds to Thai friends to purchase with Thai friend names. Whereas foreign investors can have a 49% interest in the villa as per title deed. But in this case, also thai friend has the right to sell or mortgage property. Therefore, foreigner chooses another way of investment i.e.; foreigner can lease the property for 30 years and then transfer it to that friend. This the most reliable and secure form of buying. Because the partner cannot sell the property without your consent.
5. Buying Property From Trusted Real Estate Agent While buying any type of property in Thailand, its a great way to hire a trusted real estate agent. An agent knows all market ups can down conditions, therefore do not cheat their customers for a small portion of the commission. In addition, they will help you to buy property at a reasonable price. Agents also have good connections with legal advisers, then enable them to clear all legal formalities in a short time. Therefore, people looking for property in Thailand choose Thailand property.net as the best option.