Disadvantages of buying a house in Thailand

Thailand is a tourist attraction, especially in recent years, with the improvement of China's national economic level, traveling abroad has become more and more common. Because the consumption level in Thailand is relatively low, there are many tourists here, and not only the house price here is only the price of low-middle cities in China, so many people will invest in real estate in Thailand, but what are the disadvantages of buying a house in Thailand?

First, the shortcomings of buying a house in Thailand

1. Buying a house in Thailand is complicated, and banks there will not lend money to foreigners. All foreigners must change their funds into Thai baht when buying a house in Thailand.

2. The property rights situation in Thailand is also very complicated. Most of the properties there have no property names. Even in very prosperous places, only about 10% of the land has property names.

Thailand needs to pay a high personal income tax. If Thai citizens do not get legal income or assets there, a 37% tax will be levied.

The most important thing is that the real estate industry in Thailand is not standardized. You need to find an experienced real estate lawyer to buy a house here, so that your rights and interests can be guaranteed, but it costs a sum of money to hire a lawyer.

Second, how to avoid risks when buying a house in Thailand

1. Whether at home or abroad, you must choose a good location to buy a house. There is room for appreciation in a good location, so you must find a good location to buy a real estate in Thailand.

2. The surrounding environment should also be considered. If a house looks good, but it is built in the middle of nowhere, and there is no business, school and other supporting facilities, then such a house cannot be bought. When there is no clear stipulation, you should not be fooled by others, even if others say that this will be the city center in the future.

Bian Xiao concluded: The above is what Bian Xiao shared for you today, the shortcomings of buying a house in Thailand and how to avoid the risk of buying a house in Thailand. Although the housing price in Thailand is lower than that in our country, many laws in Thailand do not have a good policy for foreigners to buy a house. Also pay attention to the risk of being cheated and be cautious when buying a house.