Can foreigners live permanently after buying a house in Thailand?

China people can buy houses in Thailand now, because foreigners can legally hold apartments with permanent property rights and have the same rights as Thais. So there are many people who buy Thai real estate now.

Although Thai law stipulates that foreigners cannot own land ownership in Thailand, they can legally hold apartments with permanent property rights. Thailand's house purchase tax is low, which adds up to only about 0.5% of the house price of 65438+, and there is no property tax. This is an important factor to attract China property buyers.

Thai law stipulates that foreigners over the age of 50 can apply for this one-year pension visa and renew it indefinitely, which is almost equivalent to permanent residence. Moreover, the threshold of assets certification required by the visa is low, and it is necessary to deposit 800,000 baht (about 6.5438+0.56 million RMB) in a bank account opened in Thailand. These deposits don't need to be frozen in the account, and they can be used freely after getting the visa.

According to the survey, the rental return rate of apartments in Thailand ranks first among the six hottest real estate investment countries in the world. As a major medical and tourism country in the world, Thailand has an annual population of over 30 million. The huge tourist group promotes the rapid development of real estate leasing in Thailand. Because most tenants are foreigners, usually living for 2-3 years, the rental return rate is high and the rental income is stable.