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Thinking of buying a property in Thailand

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Real Estate Specialists Thailand Co,. Ltd

Thinking of buying property in Thailand Investment property Thailand Vacation Home or permanent residence to relocate to Thailand,

One of the things we are all guilty of I think is the first thing we do is google search a particular subject, google search is a amazing tool for Knowledge and with out doubt is huge benefit BUT BUT BUT there is always people out there who will add comments without doing the research and in doing so may give unfounded opinions and sometimes I think for some underhand reasons, for example I invested for the first time in a crypto currency a couple of months ago, the I read a report on this particular crypto currency that basically it was all a scam and I would loose my initial investment, after talking with my investment broker after he pointed out a few things in the report which were totally incorrect and up to date I am still happy with my crypto currency, Don’t get me wrong I am not saying crypto currencies are good or bad the point is do not go of the first article your read and check the validity of the report by cross-referring with other reports and articles, This goes with anything we are doing research on property, investments, medical absolutely everything.

Buying selling renting property in Thailand the correct way.  Real Estate Specialists Thailand Co,. Ltd

At Real Estate Specialists Thailand, we have over 30 years’ experience in the Thailand property and Real Estate market you would think after 30 years you would know everything there is to know about Thailand Real Estate Not so, For a Example We sold a plot of land in one of the Pattaya suburbs just under a year ago, the factory my customer was planning to operate fitted all the rules and regulations at that present time. Another customer of ours was looking for a plot of land for a similar factory only 2 months ago when we found the right plot of land, when we went to the regional land office the rules had changed and now there is no more factory permits to be issued luckily we do these checks for our customers before any money is ever paid, As anywhere in the world rules regulations and laws change so due diligence should be at the fore front of any property or land transaction,  

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When planning to purchase a property in Thailand doing the research is a absolute must before purchasing a Thailand property and finalizing the property sale transfer and payment.

In many instances None Thai nationals may think the process is simple and straight forward, which the actual transfer of ownership rom the seller to the buyer is simple and straightforward and as long as you know the procedure there will be no problems, but there are many things to take into account before going ahead and using the knowledge of a reputable Thailand property agent or property broker, Real Estate Specialists Thailand Co,. Ltd are not the only reputable Property brokers there are many reputable ones, we do off a very honest and unbiased opinion and guide people in the right direction, if we feel that the best course of action is to find a quality lawyer or solicitor then we have people we can recommend sometime in certain instances it is advisable but not always necessary.

We are now based in the Jomtien area of Pattaya city located in the Jomtien complex very easy to find only a few minutes’ walk from Jomtien beach, so look us up if you are in The Pattaya or Jomtien area advice is free and no obligation, some of the areas we now cover are Central Pattaya, South Pattaya, North Pattaya and east Pattaya obviously Jomtien beach properties Mabprachan lake properties the moving down the coast to Na Jomtien Baan Ampur, Huy Yai, Bangsaray and Sattahip Contact R.E.S.T PROPERTY

Some things to take into account when Buying a property in Thailand and my focus of Pattaya and the Pattaya suburbs;

What are your options to own condominiums Thailand?

Buying a condominium in Pattaya or Jomtien

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(1a) In Thailand and in particular the Pattaya Real Estate Market and the Jomtien Real Estate market mainly because of the amount of condominiums available for sale new Pattaya projects and established condominium projects, condominiums are a more viable proposition, also the most common way and easiest way to own Pattaya property in your own name 100%, None Thai nationals are unable to purchase and own land in their own name Buying condominium

(2a) at the present time condominium projects are set at a 49 percent foreign ownership 51 percent owned by Thai nationals, if you have a Thai Registered company formation you may buy in the Thai quota in your company name, slight benefit in this is that the Thai quota is normally cheaper than the Foreign ownership quota,

(3a) big benefit for condominiums is that you have no external property maintenance to pay for as this is taken out of the yearly maintenance fees also known as body corporate fees in other parts of the world and these fees are a lot cheaper comparing with other countries.

Buying a house in Pattaya or Jomtien

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When I say buying a house in Jomtien this is only as this is my point of interest in the Thailand Real Estate Market generally rules and regulations are the same in all the Thailand provinces,

(1b) you will have probably read many times before that None Thai nationals are prohibited from owning land, this is true we hear many times that the government are going to Relax this law but it never seems to happen, I for one cannot see this changing in the near future to allow None Thais (Falangs) to own land.

(1b) as in the condominiums in Thai name if you have a Thai registered company you may buy land through your registered Thai company so basically you are the director of the company and the company owns the land, don’t forget the company has to be a Thai registered company not a foreign company.

(2b) if you do not have a Thai company then you may take a 30-year lease on land which will be registered at the Regional Land office

(3b) if you are married to a Thai National your spouse may own the land, but must declare that the land is purchased and paid for by your spouse, the spouse can then manage the land as they wish without seeking approval from you, once the spouse has purchased the land then you may draw up a 30 year lease agreement, advisable to get a Thai Lawyer to draft the lease agreement to protect both parties.

(3b) Now the land issue is covered now  the house, first thing advisable to do is decide do you want to live on a secure Gated Pattaya Village or buy a Pattaya Standalone house,House on secure Village there are benefits to both in my opinion, gated community will have communal facilities IE Communal swimming pool, 24 hour security maybe communal garden areas, but for this privilege you will have a Yearly Village maintenance fee to pay,  Stand alone house you tend to get  bigger land area for your money no Village maintenance fees, there will not be community security Pattaya Jomtien well most areas of Thailand are safe and secure and with all the new technology you can have a very good personal house security system fitted or a big dog works ?Bangsaray house 30 million home23

Call Barry (English) +66(0) 899333583   Email Click here

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Guest Tuesday, 20 April 2021

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