What are the requirements for buying a house in Thailand?

Required conditions for buying a house in Thailand: it needs to be recognized by the Thai government, can only buy apartments, and provide proof of foreign exchange payment.

1. Recognition by the Thai government is required

Foreigners need a Thai government license before they can own any land.

2. You can only buy apartments

In Thailand, the properties that foreigners can buy can only be apartments, and they cannot buy villas, villas and other non-apartment properties.

3. Provide proof of foreign exchange payment

Foreigners buying apartments need to convert the purchased property into foreign exchange payment, which requires proof.

Things to note when buying a house in Thailand:

1. The qualifications of developers for buying a house in Thailand are very important

Business developers in Bangkok are basically listed companies and are the most reliable. There are almost no lawsuits between property owners and developers over the delivery of properties in Bangkok. Moreover, in many cases over the years, developers in Bangkok have provided property owners with actual results that have exceeded their expectations. Many people are very satisfied after handing over the property. However, in other cities, you must first study the qualifications of the developer before looking at the project.

2. The income from Thai real estate investment is not high

How much money can you make by investing in a Thai real estate? CBRE has made statistics before. The average annual house price increase in Bangkok in the past ten years is About 8%, the largest increase is in the city center - Lumpini Park area, with an average annual increase of more than 10%, and the average annual increase in many places is six or seven points. To be honest, this kind of income cannot be compared with domestic real estate. So if you compare the income of Thai real estate with domestic real estate, then Thai real estate will definitely lose.

3. The logic of real estate investment in Thailand is very different from that in China

Do not apply the experience of domestic real estate investment to Thailand, otherwise you will definitely suffer miserably and rely on luck in China. You will lose the money you make from real estate with your own hands.

A person living in Guangzhou may encounter pitfalls when buying a house locally, let alone if you live in China and buy a house in Thailand, it is no longer as simple as crossing a row or a mountain, so you really want to buy it There is no harm in doing your homework honestly and asking several agents to learn more about the properties. Don’t be too lazy and blindly confident to take things for granted.