Introduction: Don't panic when you go to Thailand in the New Year. How much do you know about Thai real estate?

What is the prospect of investing in real estate (apartment) in Thailand?

1, Thai locals began to invest in buying apartments for investment and rental; The demand and supply of the apartment market are growing continuously.

The Thai government is making great efforts to build transportation infrastructure. With the development of economy and the increase of investors, the real estate economy will grow steadily.

3. ASEAN open countries 10. As an axis country of ASEAN with 10 countries, Thailand has attracted many investors to invest in Thailand, and the housing prices in Bangkok are still cheaper than those in other Asian cities. Living facilities are complete and the degree of internationalization is high.

4. The purchase area is the usable area, and there is no pool area fee; Simple transfer procedures; Flexible transactions can be resold or sublet at any time.

5. Low holding cost, no property tax and no regret tax.

How many years is the property right of Thai real estate (apartment)?

Property rights of apartments in Thailand are mostly permanent property rights; A small part of the royal land is a 30-year property right.

How about buying a house in Thailand?

1. After the buyer and seller determine the final selling price and intention, they need to determine the payment time of the house payment in time, and the buyer needs to pay the reservation deposit to keep the reservation.

2. After the buyer transfers money to pay the reservation deposit, he will receive the deposit payment receipt and documents, indicating that the specific apartment room has been reserved for the customer.

3. On the payment date, both parties sign the house purchase and sales agreement and sign it. At the same time, we must confirm all the necessary documents for buying a house. The detailed list is as follows:

Seller:

A. identification documents of the seller;

B. Thai owner: ID card+real estate license

C. foreign owners: passports and valid visas

D. Owner of Thai company: a complete set of company registration documents (provided by the Thai government, the date of issuance is within 3 months, preferably within 1 month), and the ID card or passport of the chairman of the company.

E. Debt-free document: This document shows that the purchased apartment has no debt, such as property fees, utilities, etc. The seller will obtain the document from the apartment management property office.

F power of attorney (if necessary) and identification of the agent.

Buyer:

A. identification documents of the buyer;

B. Foreign exchange transaction form (FETF certification document) issued by local bank in Thailand.

C. (if necessary) power of attorney and identification documents of the agent.

Which city is better for providing for the aged?

Chiang Mai. The price is low, the climate is good, and the life is quiet and leisurely. Now the house price is far lower than the capital Bangkok.

What about Thailand's pension policy?

Foreigners who have reached the age of 50 can apply for retirement in Thailand. At present, the latest government policy allows them to stay for five years at a time and can be renewed after five years, that is, five years+five years.

What's the difference between investing in real estate (apartment) in Bangkok, Phuket, Pattaya, Hua Hin and Chiang Mai?

1. Due to the influence of internationalization, as the capital of Thailand and a city with a high degree of internationalization, many investors will choose Bangkok as their investment business base. Resources will always flow to big cities with huge population base. Never forget the three elements of real estate investment, location, location or location.

2. For real estate (apartments) that invest in Phuket, Hua Hin and Pattaya, most of them are lifestyle investments, mainly for holidays; It can not only add value, but also bring rich rental returns. The risk coefficient is relatively high, and the project selection is particularly critical.

3. For investing in Chiang Mai real estate (apartments), most people will regard Chiang Mai as an ideal place for providing for the aged and retiring. For foreigners who want to stay in Thailand, owning their dream house is an important thing, so self-occupation is the main purpose and investment is the second.

What are the real estate (apartment) facilities in Thailand?

General apartment property facilities in Thailand include: parking spaces, gymnasiums, swimming pools, libraries, etc. These are all free to use.

How much is the property management fee for Thai real estate (apartment)?

Generally, it is 35-60 baht/square meter/month, and the property management fee is charged according to the regulations of different real estate developers.

Is there a pool area for Thai real estate?

Thai houses have no pool area, which is calculated according to the actual use area.

Can I apply for a bank loan to buy a house in Thailand?

Yes, at present, Industrial and Commercial Bank of China (Thailand), Bank of China (Thailand) and uob (UOB uob) provide foreigners with housing loans that in principle do not exceed 50% of the total house price.

How to manage the purchase of Thai real estate?

You can entrust the property management office to manage and rent your property, and you can communicate with the property management office in advance when you need to move in. Of course, friends on the other side of the sea can also help find well-known hosting companies.

Can I buy a villa in Thailand?

Thai law stipulates that foreigners are not allowed to buy villas or townhouses with land property rights in their own names; Unless purchased in the name of an entity company or a Thai spouse.

What taxes do I have to pay to buy a house in Thailand?

1. Transfer tax: 2% (50% for the buyer and 50% for the seller)

2. Special business tax: 3.3% (paid by the seller, and exempted by the owner if the property is held for more than 5 years).

3. Stamp duty: 0.5% (to be paid by the seller)

What are the payment methods for buying a house in Thailand?

1. Payment method of auction house: 1. Cash deposit of 50,000 baht; 2. The buyer shall pay 10%-25% of the house price when the buyer and the seller sign the house purchase contract on the same day or within 15 days; 3. The buyer shall pay the remaining house price by monthly or quarterly installments until the house is delivered and transferred.

2. Payment method of existing house: 1. Pay 50,000 baht in cash; 2. The buyer shall pay 30% of the house price when the house purchase contract is signed on the day when the buyer and the seller reach an agreement through consultation or within 15 days; 3. After the contract is signed, the buyer completes the delivery and transfer of the house and pays the remaining house price.

What is the return on investing in real estate in Thailand?

The sales growth rate is 7% per year, and the rental return rate is as high as 6% or more;

What is the consumption level in Thailand?

Inflation in Thailand is relatively low, and consumer prices are relatively cheap compared with many first-and second-tier cities in China.

What is the level of medical care and education in Thailand?

Thailand's medical level can reach the world's top technical level, excellent service and multilingual translation service; Good international school education, open concept education, Chinese, English and Thai languages, pay more attention to children's education and growth.

Are there any other expenses for buying a house in Thailand?

1. The buyer needs to pay the construction fund in one lump sum, usually 500-700 baht/m2.

2. The buyer needs to pay the property management fee, which is generally 35-50 baht/m2/month.

The buyer needs to pay for water, electricity and utilities.

What are the loan conditions for buying a house in Thailand?

1. Applicant's passport information;

2. Work permit (if any);

3. Proof of marital status (married people need to provide their spouse's passport or ID card);

4. proof of income;

5. The passbook runs smoothly;

6. Payroll;

7. Personal credit report (if you have a work permit in Thailand, you don't need to provide it. If you don't have a work permit, you can apply to the People's Bank of China);

8. Purchase contract.

How to remit money to Thailand when buying a house in Thailand?

When foreigners buy real estate in Thailand, they need to remit the purchase money from outside Thailand to the account opened by the purchaser in a local bank in Thailand; After the purchase money arrives in Thailand, the bank can issue a foreign remittance certificate, which can be used to transfer money to the land department.

Here are the remittance steps:

1. The buyer opens an account in a local bank in Thailand.

2. Send the opened bank account number, the name of the head of household, the name of the bank, the address of the bank, and the SWIFT code to the person who helped you remit money. Anyone can remit money to the buyer's account, but the money purchased must be remitted to the buyer's local bank account in Thailand.

3. After all the payment is received, go to the bank to open a foreign remittance certificate.

4. Go to the bank to write a check for the purchase price the day before the transfer.

What is the application process for retirement residence in Thailand?

Applicants need to be at least 50 years old. Application materials:

Information prepared in China:

1. No criminal certificate, go to the police station where the household registration is located. (The validity period is preferably six months).

2. No criminal certificate requires double authentication by the Ministry of Foreign Affairs of China and the Thai Embassy in China. This certificate can be handled by a notary office recognized by the Ministry of Foreign Affairs. One-stop service, 700 RMB handling fee. Include double authentication fee and translation fee. (Notarization information without criminal certificate is in the appendix)

Information prepared in Thailand:

1 and 3-month copy of bank deposit certificate and passbook update;

2. There is no criminal certificate certified by the Ministry of Foreign Affairs of Thailand;

3. A medical certificate issued by a Thai hospital (valid for 3 months);

4. Original and photocopy of passport (home page, visa page, entry page)

Appendix:

Opening an account and remitting money in a local bank in Thailand:

1. The applicant opens an account in any local bank in Thailand;

2. Remittance of 800,000 baht from outside Thailand to the applicant's bank account in Thailand;

3. This 800,000 baht needs to be deposited in this bank account for 3 months. After the expiration of 3 months, a deposit certificate will be issued in the bank, and colleagues will update the passbook record.

4. Copy of bank deposit certificate and bank passbook update record as one of the application materials.

Entry visa:

1. The applicant's entry visa can be a tourist visa or a business visa, but not an arrival visa.

2. If it is a tourist visa, it needs to be converted into a non-immigrant visa before being converted into a pension visa. It takes a long time to change from a tourist visa to a non-immigrant visa, and it takes two months to submit a one-year pension visa application.

3. If you get a non-immigrant visa, you can directly transfer to a pension visa.

4. No matter what kind of visa, the validity of the previous visa must exceed 16 days.

5. Passport is valid for not less than 6 months.

No criminal proof and notarization:

1. You need to bring your ID card and household registration book to open a certificate of no crime at the place where you register.

2. After the certificate of no crime is issued, take it to the institution that can handle foreign notarization to handle foreign notarization and double authentication of the Ministry of Foreign Affairs and the embassy. The whole process takes about 2 weeks; The notarial certificate should be translated into Thai, because the Thai embassy only accepts documents in Thai.

Conversion of land area measurement units between Thailand and China?

1. 1 m2 =4 m2 (2m× 2m, namely Tarangwa); In Thailand);

2. 1 Yan = 100 square meter (with an area of about 400 square meters);

3. 1 Lai =4 Yan (that is, equal to 400 square Wa or 1.600 square meters);

4. 1 mu =2.5 lai, 1 Yan = 1 hectare.

Are foreigners restricted from buying a house in Thailand?

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Communicate frequently asked questions about home ownership.

Q: 1. Is there a real estate trading center in Bangkok?

A: Yes, the real estate trading center is the Land Bureau of Thailand.

Q: 2. What language is the house purchase contract valid? How to sign?

A: The terms of the purchase contract in Thailand are mainly in Thai and English. In most cases, Thai contracts are adopted. When handling the property transfer formalities in the land department, the passport name information and so on need to be translated and notarized into Thai; Generally, the contract is signed on site, or it can be signed by sending documents remotely.

Q: 3. How much is it if you hire a lawyer or a third party?

A: Generally speaking, it doesn't involve buying land, but you don't need to hire a lawyer to buy an apartment property. As a third-party agent, we don't charge a buyer's commission, and we will only consider charging a buyer's commission if we are entrusted by the buyer to find a non-agent house. If you need to hire a lawyer, we can help, but the specific lawyer's fee should be paid according to the actual situation.

Q: 4. When can I get the real estate license for the auction house and the existing house respectively? How long is the validity period?

A: To buy a house in Thailand, you can only get the real estate license if you have completed the transfer of the existing house in the Thai land department and submitted complete materials; The validity period depends on the nature of the purchased property to determine whether the property ownership certificate is permanent or non-permanent.

Q: 5. What is the main currency for buying a house? How to calculate the handling fee?

A: Mainly in US dollars and Thai baht, the handling fee is calculated at the exchange rate of the day, and it involves inter-bank transfer or regional transfer, and it is settled by bank.

Q: 6. How do freelancers and regular professionals apply for loans? What proof do you need?

A: Under normal circumstances, it is easier for permanent professionals to apply for loans. Applying for a loan mainly depends on the applicant's bank flow, normal tax payment and stable salary. The loan terms are: 1. Applicant's passport information. Work permit (if any) 3. Proof of marital status (spouse's passport or ID card if married) 4. Proof of income. Daily account 6. Payroll 7. Personal credit report (if you don't need to provide a work permit in Thailand, you can apply to the People's Bank of China if you don't have one) 8. Purchase contract.

Q: 7. How to operate the loan for faster and existing houses? How to repay? When will the repayment be made? What is the interest rate?

A: Generally, you can apply for a loan from the bank if you hand over the house six months in advance. At present, the bank's loan approval policy for foreigners is based on the existing house, and the repayment method is based on the loan repayment terms signed with the bank. Generally, monthly repayment will be made in the first month after the loan is successful; The loan interest rate is set by the bank, and the current loan interest rate is 5.28%.

Q: 8. Is the existing house decorated? What is the acceptance standard for delivery of faster delivery?

A: Most apartments in Thailand are finely decorated, and some are fully decorated, including soft furniture; The acceptance criteria of the auction house are whether the developer fulfills the contract according to the standard and whether there are any construction quality problems when inspecting the house. If there is a quality problem, buyers can find a developer to solve the problem, then pay the final payment, and finally go to the land department for transfer procedures.

Q: 9. How much is the property fee for existing houses and faster houses? How to calculate the utilities?

A: There is no property fee for auction houses. The property fee for existing houses includes: parking spaces, swimming pools, gyms, libraries and other public facilities; Water and electricity charges are paid according to normal usage. Generally, the government will send the usage bill to the customer's mailbox on June 14 every month.

Q: 10. What are the determinants of rent? About how much? How much is the hosting fee?

A: The rent depends on the location, apartment size and decoration of the purchased property. The specific rental price is determined according to the nature of the purchased property, and the custody fee (rent) is one month's rent.

Q: What is the most cost-effective permanent visa? How to deal with it?

A: The senior citizen visa is the most cost-effective. At present, the Thai government stipulates that people over the age of 50 can apply for an elderly visa in Thailand. The procedure is carried out according to the actual situation of the applicant, and we can handle it for them. If you are under 50 years old, it is recommended to apply for a legal education visa or a business visa to and from Thailand.

Q: 12, is buying a house irrelevant to the visa? Does the number of round trips matter?

A: Buying a house really has nothing to do with a visa. Any foreigner who holds a legal passport can buy a house in Thailand. The number of round trips depends on the validity of the visa or whether he has applied for a round trip visa to the Immigration Bureau.

Summary of misunderstanding of buying a house in Thailand

Myth 1:

If you spend hundreds of thousands or even millions of RMB in Thailand, you can only buy rough houses like those in China; In fact, apartment buildings in Thailand are finely decorated, and some developers will also provide furniture to customers, and they can carry bags when they hand over the house.

Myth 2:

I bought a house in Thailand and asked workers to decorate it. I'm afraid it will be difficult to buy furniture because of the language barrier. In fact, as long as you provide the indoor floor plan to the furniture manufacturers, they can provide you with the furniture you need; There are well-known SB furniture, IKEA Thailand, Modernform and other brand furniture manufacturers who can provide customers with one-stop service, good English and excellent service.

Myth 3:

After buying a house in Thailand, there is no one to help manage it or the language is not good enough to manage the property. In fact, at present, many developers have their own property management leasing services to provide 24-hour services for owners or customers. As the owner, you can entrust the property management office to manage and rent your property, and you can communicate with the property in advance when you need to move in.

Myth 4:

Regarding the management of agency rent and charter rent, the so-called agency rent management means that developers or real estate agents find tenants for the owners, and the owners need to pay commissions to the agency rent management; The so-called franchise means that the developer will return the property to the owner according to the annual return on investment after the customer purchases the property, and the owner will manage the property by himself after the contract period ends. This trend is increasingly used by developers.

Myth 5:

Thailand has permanent and non-permanent property rights, and many customers don't know which properties are permanent and non-permanent, so pay attention to whether the property rights are clearly written in the contract when buying.

Myth 6:

Many owners rent their own properties, and the property fees are paid by the owners. Tenants only need to pay utilities and internet fees.

In addition, some friends will ask: Is it inconvenient to buy a house abroad? Trouble with renting and reselling? Will the policy be bad for foreigners?

In fact, you can come here with your passport:

Thailand s policy towards foreigners buying houses;

1. Non-Thai nationals can't buy Thai land, that is, foreigners can't use land to buy permanent real estate buildings, especially villas.

Foreigners can buy as many apartments as they want, and they have permanent property rights. The only restriction is that 5 1% of the entire apartment building must be in the hands of Thai citizens, and foreigners can buy up to 49% of the apartment.

Foreigners can also buy villas or land in Thailand and have permanent property rights, but they must register Thai companies. It only takes 7 days to register a company in Thailand, and the cost is low. Generally, there is no need for actual operation, and only a little low company reimbursement fee is required every year.

Foreigners can borrow money to buy a house in Thailand. The down payment is calculated according to the house price or valuation, usually 30%. But the interest rate is higher, about 5%.

5. If you buy an auction house with a loan, you must pay a down payment (25%-30%), which is equivalent to a down payment. When you hand over the house, apply for a loan.

6. Because there is no "property tax" in Thailand, only a few transfer taxes are required to transfer the property in Thailand.

Thailand housing purchase tax

Purchase process:

1. Deposit: 50,000 baht (to be paid on the day of booking)+signing subscription book+receipt.

2. Cooperate with the bank to open a new Thai account.

3.3-4 Handle the Sunrise House Purchase Contract and sign the House Purchase Contract in duplicate. If the customer is in Bangkok, he/she will sign on the spot. If he/she is not in, he/she should mail it to the customer for signature. After signing, the customer will keep one original and mail the other to the developer.

4. Down payment: remit the money to your personal Thailand account within 2 weeks, and then transfer the agreed amount from your personal account to the developer (down payment is generally 25%-30%).

The developer should inform the buyer of the final payment time three months in advance before repossession.

7. foreclosure: when the mortgage or the final payment of the house is paid in full, the real estate license will be obtained.

Remittance method:

A. countries with foreign exchange controls:

1. You need to open an account with Industrial and Commercial Bank of Thailand or Bank of China.

2. Remit it into your account in the name of study, travel and business trip.

3. Remit money from the Thai account to the developer in the name of buying a house.

PS: You need foreign exchange vouchers to transfer money, so you can't swipe your card directly in Thailand, and countries with foreign exchange controls are not allowed to remit money directly to Thailand in the name of buying a house.

B. non-exchange control countries:

Remit directly to the developer in the name of buying a house.

Loan mortgage:

Industrial and Commercial Bank of China Thailand Branch

1. Loan and repayment currency: Singapore dollar.

Two. Loan term: 10 year (if the loan is repaid in advance, it will take 3 years to apply).

Three. Loan eligibility:

1, non-Thai resident, age 21-65;

2. The applicant's age and loan period shall not exceed 65 years old;

3. Have a stable source of income and good credit.

Four. Loan interest:

5.25% in the first year (fixed)

5.75% in the second year (fixed)

Third year and above: SIBOR+6.0%

Verb (abbreviation for verb) loan amount:

Generally, it is 50% of the appraised price or purchase price of real estate (whichever is smaller), and the initial loan amount is 6,543.8+0,000 baht. In other words, the total house price needs to be more than 2 million baht.

Intransitive verb handler:

1. application stage: prepare relevant electronic materials and submit them to ICBC Thailand branch for review. The time is about 1 day. Fill in the loan application form, account opening (repayment account) application form, fill in other materials, and mail the relevant materials after approval. It probably lasted1-February;

2. After the application is approved, my spouse and I need to go to Bangkok headquarters to sign the loan contract, mortgage agreement and other agreements, and confirm all expenses at the same time;

3. Go to the land department to handle the transfer and mortgage procedures: ICBC lends money to the developer in Thailand, completes the transfer and mortgage procedures of the property, and repays it before the 25th of each month.

Seven. Remittance process

1. Prepare the down payment: open a current account in ICBC (Thailand) to remit the down payment (which can also be used as repayment account). You can choose any currency such as Singapore dollar, Thai baht, RMB or US dollar.

2. Overseas remittance to ICBC Thailand account:

3. ICBC opens a "foreign exchange settlement form" after collecting money in Thailand.

The "foreign exchange settlement form" will indicate the purpose of purchasing the house, and provide it to the Land and Resources Bureau as proof that the house purchase money comes from abroad, and handle the property transfer and mortgage procedures. If the down payment is remitted to other banks in Thailand, customers need to ask the remittance bank for "settlement documents".

4. Remittance from China

If the customer remits money from China to the repayment account of ICBC in Thailand every month, the remittance process is the same as point 2.