Property for sale in Thailand
Thailand is a Southeast Asian country known for its tropical beaches, luxurious royal palaces, ancient ruins and richly decorated temples that contain representations of the Buddha. In the capital Bangkok, ultramodern palaces alternate with quiet areas on the banks of canals and famous temples such as Wat Arun, Wat Pho and the Temple of the Emerald Buddha. Thailand borders Laos and Cambodia to the east, Gulf of Thailand and Malaysia to the south, with the Andaman Sea and Burma to the west, with Burma and Laos to the north.
One of the questions often asked by those who want to buy properties for sale in Thailand is the one related to convenience: how much does it cost to buy properties for sale in Thailand? We must remember that the Thai one is one of the most interesting real estate markets that refer to Southeast Asia.
However you have to be careful in buying properties in Thailand, because if you do not follow the correct procedures, you could incur mistakes that could cost you very expensive.
We need to consider all the laws of the country in question, to understand what chance a foreigner has to buy property for sale in Thailand and what are the limitations to which he is subject.
The easiest opportunity to buy a property for sale in Thailand, if you are a foreigner, is to buy a property located within a condominium. This way you can acquire 100% of the property. The situation is different for those who want to buy land, and then eventually build a house. In fact, the Thai law prohibits the purchase of land by foreigners. A foreign citizen married to a Thai citizen can ask for the right to land and become the owner of the properties that are present on a given land,
without however acquiring ownership of the land itself. This right is valid for 30 years and can then be renewed for another 30. A foreigner can gain full ownership of an apartment and therefore acquires with the purchase the right to rent or resell the property thereafter. To get to this point, however, must be able to overcome a threshold, which is called farang shares and corresponds to 49% of the total of real estate units located in a building.
In Thailand, builders also has the option to sell at most half less one of the properties for sale that he has available to non-Thai citizens. Many, for example, are interested in buying a house in Bangkok.
In this city the market is very varied, with ample choices also in terms of prices. You can contact a construction company, perhaps choosing one that already has projects completed.
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