If you want to buy a house in Chiang Mai, will it be risky? If so, what are the risks?

Investment is risky. Investing in Thai real estate has the following risks:

1, China people can buy apartments in Thailand, but they can't buy villas or townhouses.

For apartments, Thailand allows foreigners to sell 49% of the saleable building area in the form of property rights, and the remaining 5 1% must be sold to Thai citizens or Thai companies. All houses are permanent property rights, and there is no property tax and inheritance tax.

The 99-year-old apartment in the market is actually a bad intermediary, selling houses that should have been sold to Thai citizens or Thai companies to foreigners with only the right to lease.

If foreigners want to buy villas or land in Thailand, they must first register the company and then buy in the name of the company. There are two registered Thai companies:

1, BOI is a wholly-owned company, wholly owned by foreign investors, and foreign shareholders own 100% of the shares. Applying for BOI requires a registered capital of at least100-200 million baht, and the application time is at least 3 months.

2. A Sino-Thai joint venture with a registered capital of at least 6,543,800 baht has at least 3 shareholders, at least one of whom is Thai, and the Thai equity is not less than 565.438+0%.

So if you want to buy land or villas in Thailand, you'd better do the following:

1, hire professional legal counsel.

2. Find a professional overseas real estate company.

Make sure that you have complete control over the company and property.

3. Real estate is a fixed asset, and its liquidity is relatively poor, so there is a certain liquidity risk.

Investing in Thai real estate requires rational investment, and short-term real estate investment is not recommended. For long-term investment, the rental income in Thailand can reach about 5% every year, and the asset appreciation is about 65,438+00% every year.

4. Developers are unreliable.

In order to improve the mobility of housing, the location of housing, developers and property are all factors that need rational consideration.

5. Thailand is a non-immigrant country and cannot immigrate to buy a house.

If you buy a house in Thailand, you can't get long-term or permanent residency. Only tourist visas or pension visas, work visas and student visas can be used. Only people over the age of 50 can get a pension visa, and work visas and student visas are more troublesome.

6. If it is an investment purchase, consider the later lease of the house.

Although apartments in Thailand are easy to rent, not all places are easy to rent, and you can get a good rate of return. Then it's best to hand them over to a professional asset management company, otherwise you will consume a lot of labor costs by taking care of them yourself.

7. Authenticity of information

It is not excluded that there are some fraud companies in China, so it is best to make a field trip to find out how many minutes the house is away from the subway and the surrounding living facilities.

8. Risk of capital leaving the country

The state has financial control over overseas real estate investment, so we should also pay attention to some matters in the process of remittance, such as remittance in the name of consumption/medical care/shopping.