Advantages and disadvantages of buying a house in Thailand What are the risks of buying a house in Thailand?

Thailand is also a country that many China people yearn for, and the real estate market here is very prosperous. When it comes to the plan to buy a house overseas, many people may think of developed countries such as the United States and Europe. In fact, buying a house in Thailand also has a high cost performance, but no matter what you do, there is an opposite side. Let's learn about the pros and cons of buying a house in Thailand and the risks of buying a house in Thailand.

Advantages and disadvantages of buying a house in Thailand

The advantages of buying a house in Thailand are permanent property rights, advanced international education, sound medical level and more convenient purchase process, but there are also some disadvantages, such as not being able to immigrate when buying a house. Thailand is a non-immigrant country, no matter what kind of house you buy, you can't join Thai nationality. The house is cheap and the property management fee is high, but the service level far exceeds that in China. The property management fee for most apartments in Thailand is 45-65 baht/_, about RMB 9 yuan, or even higher.

1, Thai real estate has permanent property rights. Land in Thailand is privately owned. Foreigners, like Thai nationals, have the right to use real estate permanently after purchasing local real estate in Thailand.

2. Advanced International Education Bangkok, Pattaya and other places are international schools offering English teaching, all of which are taught by foreign teachers.

3. Thailand's medical level is sound. Thailand has become the world's largest destination country for medical treatment with preferential surgical quotations and high-quality medical services. At present, more than 400 medical institutions in Thailand provide medical care services, including multiple medical disciplines and complete medical projects.

4. The process of buying a house is more convenient. Thailand's Ministry of Land and Resources is very efficient, and the documents that buyers must prepare are relatively simple. Especially with the help of real estate agents, the property rights of newly opened buildings and new villas can be transferred within 1 day.

What are the risks of buying a house in Thailand?

1. The process of purchasing real estate in Thailand is complicated. Local banks will not lend to foreigners, and overseas buyers' funds must be converted into Thai baht. This is a complex property right in Thailand. Most properties in Thailand have no property names. Even in a popular area like Phuket, only about 65,438+00% of the local land actually has a property name.

2. Personal income tax paid for buying a house locally is higher. Non-Thai citizens get legal income or assets in Thailand, and the high tax rate is 37%. Thailand's real estate industry is not standardized, so buyers should hire experienced real estate lawyers to better safeguard their rights and interests.