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A Short Guide on Thailand Real Estate

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by: bilalgran
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Word Count: 534
Date: Fri, 9 Mar 2012 Time: 2:47 AM

Are you searching for a Thailand real estate property? Well, you are perhaps doing the brightest choice as it provides many money making opportunities. Keep reading if you need to learn more.

Why you would want to get Thailand real estate

Thailand is known as one of the greatest travel locations in Asia. It presents several beach locations, natural sights, and amusement centers. These help to make tourism a leading contributor to the economic system of the country. That is why, lots of people from all over the world visit the place. This specific setting does not just attract tourists but also foreign investors. Many businesspersons and investors find real estate in Thailand as being a good investment. This is because of the tax exemption they will enjoy from their property.

What you should know and do

If you're considering this particular investment opportunity, there are various matters you'll need to know and understand. Listed below are some helpful pointers when purchasing a Thailand real estate.

When it's your first time to invest in properties in a foreign country, you must first recognize how the local market works. You may perform a research but if you don't have time to take action, an expert advisor will be practical. Since you're not familiar with the property ownership in Thailand, you need to find a person adept on it. A seasoned Thai lawyer has the needed familiarity on local real estate laws. This legal professional will let you understand local procedures and operations. He can help you by simplifying difficult phrases and understanding the specifics of documents and agreements. The last thing you would want to experience will be to sign a document you don't totally understand.

An excellent real estate agent is yet another person you should hire. They are also an excellent source of information. They understand your requirements and preferences and can guide you in finding and choosing your Thai properties.

Another important thing to do is have a basic understanding of the Thailand Amity treaty. This includes the standard procedures every foreign investor must know. While you have your lawyer and real estate agent, you will still need to understand the rules of this treaty before purchasing a property. For instance, if you are looking for Thailand homes for sale, you must understand the policies on property ownership to ensure you're on the right track. Ignorance of the rules excuses no one.

Foreigner investors can only own a property not beyond 1 Rai (1,600 square meters). Prepare at least 40 million Baht (approximately $1.3 million) to start your investment. You will also need to transfer the amount into a Thai bank account and head to the Ministry of Interior for the permit for your property.

You must also know the duration of your stay in the country. Will you be staying for several months or will you visit every occasionally? Your stay will also depend on the type of visa you are holding. These are tourist, work, investment, and retirement visas. The Thai Ministry of Foreign Affairs and the Department of Immigration can help you with matters concerning your visa and stay in the country.

Remember these things to get the best from your Thailand real estate investment.

About the Author

Bill Algran is a foreign investor knowledgeable about <a href="">Thailand real estate</a> and also knows about the latest <a href="">Thailand homes for sale</a>.

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