What are the procedures for Chinese people to buy houses in Thailand?

Thailand is a tourist destination, and many people come here every year to travel and shop. With the economic development of Thailand, Thai real estate has great room for appreciation. Therefore, it attracts many foreigners who want to buy a house in Thailand. So how to buy a house in Thailand? Let’s follow the editor to learn about the specific process of buying a house in Thailand. Let’s do it!

How to buy a house in Thailand?

1. Select a house and view the house

There is generally no problem in communication when buying a house in Thailand, because there are many sales staff in the sales department. All of them can speak Chinese, and some can speak English. You can go to the agent directly or go to the developer's sales department to view the property yourself.

2. Pay the deposit

After you are satisfied with the house, pay the deposit and sign the reservation agreement. The deposit only needs to be 10,000 to 20,000.

3. Sign a house purchase contract

Sign a house purchase contract and pay a down payment. If it is an off-plan house, you need to pay a down payment of 20% of the total house price.

4. Pay the balance after handing over the house. The balance for buying a house in Thailand is paid after handing over the house. However, it should be noted that the deposit and down payment can be swiped by credit card, but the balance payment cannot be swiped by card.

5. After getting the "foreign exchange certificate" from the bank, you can transfer the property, hand over various materials to the developer, and then handle the property transfer. You don't have to handle these by yourself, the developer will help; After the application is completed, there will be a property ownership certificate and a public land deed certificate.

What are the advantages of buying a house in Thailand?

1. Buying a house in Thailand can have land deeds and permanent property rights, and the property can be passed down from generation to generation without paying inheritance tax.

2. Thailand’s housing prices are relatively cheap, and the housing area is calculated based on the use area. You don’t think of shared areas in China.

3. Apartments and villas in Thailand are basically fully decorated, which can reduce money and time costs for home buyers.

4. The economy is developing well and the investment risk is relatively low. And as the trend of Thai real estate continues to develop, the return rate on real estate investment in Thailand is relatively high.

5. You do not need to pay property tax when buying a house in Thailand. Even if you buy a new house, you only need to pay a 2% transfer tax, and it is borne by both parties. If you buy a second-hand house, the fees you need to pay are also relatively low, and both the buyer and the seller pay 50%, and the transfer procedure is relatively simple.

The editor summarizes: The above is the relevant content about how to buy a house in Thailand. I hope it will be helpful to everyone.