Can Chinese buy a house in Thailand?

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Thailand has a developed tourism industry, so it attracts many people to travel here every year. Many Chinese people regard Thailand as their first choice for traveling abroad. , some people also want to buy houses in Thailand. So can Chinese people buy houses in Thailand? Let’s take a look at it below.

1. Can Chinese people buy houses in Thailand?

Chinese people can buy houses in Thailand, but they can only buy apartments, not various houses with land properties, such as villas. . Because land in Thailand is not allowed to be sold to foreigners, when you buy an apartment, you can legally hold the permanent property rights of the apartment. The property rights can also be freely donated, transferred and inherited, and you can also enjoy the same rights and interests as Thais.

2. The process of buying a house in Thailand

1. Pay attention to the real estate market in Thailand

First of all, you must master the knowledge of buying a house in Thailand and understand the local real estate laws, and understand the real estate laws in each city. Compare and choose a property location that suits you;

2. Go through Thailand’s online real estate projects and consider the investment prospects;

3. Go to Thailand to inspect the selected property information, and search for property information;

4. After selecting the property you like, pay the deposit and sign the reservation agreement;

When signing the reservation agreement, you must confirm the room number of the property and also The sales price and payment method should be stated. You can pay the deposit with a credit card, but it is best to use a credit card with the VISA logo, because UnionPay POS machines are not available everywhere. After the reservation agreement is signed, the Thai developer will prepare the house purchase contract.

5. Sign the house purchase contract and pay the down payment

Before signing the house purchase contract, the staff will send an electronic contract for review. If there are no problems, the original will be sent back to the country for the buyer to sign. After completion, it will be sent back to the Thai developer. Then pay a certain deposit, which is usually 10%-30% of the purchase price.

6. Pay the final payment and get the keys

After the off-plan house is completed, the buyer pays the final payment, which is usually 20%-40% of the purchase price. If the house purchased is an existing house , generally the entire balance must be paid 1-2 months after the down payment is completed.

7. Handle real estate transfer

After the house payment is paid, the Thai developer will handle the real estate transfer, and then collect the house and obtain the real estate certificate. When closing the house, you don’t need to handle it yourself. You can entrust Thai staff to close the house.

8. Move in, rent or resell

Houses in Thailand are generally well-decorated. After the transfer is completed, if it is for self-occupation, you can buy some daily necessities and move in. .

Editor’s summary: The above is the relevant explanation on whether Chinese people can buy a house in Thailand. I hope it can be helpful to the majority of friends.

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