The Condominium Act of 1991 states that non-residents who are buying a condominium must by law transfer the funds for the purchase of the unit from overseas, with the money being transferred entering Thailand as foreign currency. Any purchaser who buy property in Thailand needs to obtain a “Foreign Exchange Transaction Form” certificate for each payment. These certificates must be shown to the Land Department on transfer in order to […]
If you are into property investment in Thailand then the stats released by CBRE Thailand would make for interesting reading as well as the property transfer cost and other issue in the Thai property market which you might now know. CBRE is one of the largest property management companies in the world today and their latest stats on Thailand makes for a good read.
There are a number of options when buying a condominium in Thailand. The question is always what are my best options while in Thailand or what other options do I have. You can either buy a second hand, a new condo, or is it better to buy off-plan while in Thailand.
These are the basic rules and laws when you buy a condominium unit in Thailand. When buying property in a foreign country always consult with a local property lawyer before you sign any agreements. The property laws in Thailand would not be the same as in your home country. As an example foreigners may not own more than 49% of the condo units in a building.
Pattaya is one of several cities in Thailand which gets a double economic boost from the strong combination of two industries—tourism and real estate. With the influx of retirees from different parts of the world most especially Europe and North America, the value of real estate in Pattaya has steadily been increasing. A foreigner who wants to acquire property in Pattaya has many excellent real estate development projects to choose […]
Pattaya is widely known for being the party capital of Southeast Asia. Tourists who come to Thailand precisely to enjoy the night life. Many flock to this city where the entertainment options after dark are comparable to none. The city however, has so much more to offer. There are numerous recreational facilities available especially for people who enjoy outdoor activities. In addition, Pattaya has theme parks, zoos, and botanical gardens […]