Thailand Real Estate

common terms

Although Thailand has experience a slight decrease in real estates investments by foreign investors which may have reduced consumer and investor confidence due to the political and economical constant struggles; this can be seen as beneficial to the investor, as they can invest in distressed property. This will give them an opportunity, to buy at a low rate, since developers and Sellers are willing to sell at any cost. Since the confidence in the economy is at a low standpoint, the consumers will hence be more likely to spend less than their required budget hence contracting the economy directly.

Thailand however, also has an increased investor rate in relation to property at 10-15% per annum in the past, a direct up-rise from a downfall. Thailand’s Growth Domestic Product has also increased at now is at a growing rate of 3.80 % per annum (Thailand Trading: January 2010).

Thailand now does allow foreign ownership of certain real estate such as property. The Condominium Act (No. 2) now states that since 1999, foreigners are permitted to own condominiums as a freehold title to own 100%. However, foreigners are still not permitted to own land in the Kingdom of Thailand. However, there are various ways to structure this.

Please refer to our ‘Real Estate in Thailand” homepage, in relation to condominium or contact us directly for more information. We would be more than happy to assist you in answering any further questions or queries you might have.