Buying property in Thailand is an investment option for foreigners. Despite restrictions, buying condominiums is an option for foreigners. Prominent holiday destinations, such as Phuket, are popular locations for foreigners buying in Thailand. Key factors of interest for our clients with relation to Thai property include:

Whether the property in Thailand is residential real estate or commercial real estate, Asia Property Consultants works with international entrepreneurs and investors to effectively manage all aspects in the process of buying property in Thailand, and for selling property in Thailand.

To limit the risks of problems arising when buying property in Thailand, it is advised that all searches and research into a particular property should be carried out before signing documents or paying any deposit. Once comfortable, a 10% deposit is paid at the completion of the purchase agreement. The deposit is non-refundable, except if the seller pulls out of the sale. The balance is payable when the final contract is signed.

Based on the agreed objectives of the client, Asia Property Consultants manages all steps in the process of buying property in Thailand. Consideration is given to important aspects including location, size, budget, property facilities, proximity to transport and Thailand schools, security etc.

With a favorable exchange rate, low cost of living, and reasonably priced major goods such as cars and boats, the climate for investing in property in Thailand has advantages. Areas of Thailand have developed into exceptional retirement locations. With many quality golf courses, annual yachting and speedboat regattas, world-renowned food and all-year temperatures of 27C to 36C, property in Thailand is an appealing option for many investors. With the global popularity of property in Thailand, airlines have increased their flight schedules from Europe, Russia and Asia to meet the demand.

Foreigners are unable to own land in Thailand, however they are able to buy condominiums provided the total foreign ownership of the condominium complex does not exceed 40%. Interest in purchasing property in Thailand comes from a range of investors as it offers a broad range of opportunities from entry level apartment in Bangkok to ultra luxury properties overlooking beaches in Phuket.

Although Thai banks will, generally, not lend money to foreigners for buying property in Thailand, Asia Property Consultants will assist clients in obtaining international mortgages for their property in Thailand, including providing options and negotiating mortgage terms and conditions. Our firm works with leading international banks including ANZ Bank, DBS Bank and OCBC Bank.

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There are various issues that an investor needs to be aware of regarding property in Thailand. Undervaluing of property, site location and property management are just some areas where investors may find professional assistance necessary and beneficial. Asia Property Consultants project manages a broad range of property management services including organizing property maintenance and refurbishments, implementing property security, arranging property valuations, organizing property insurance and problem solving issues.

Property taxes are payable by buyer and seller for property transactions in Thailand. Asia Property Consultants provides clients with professional tax and accounting advice to efficiently meet the tax obligations related to property in Thailand. Property taxes include a transfer fee and stamp duty which can be paid by buyer or seller. Structures usage tax is a tax applied to only commercial properties.

For clients migrating to Thailand, Asia Property Consultants project manages all requirements including organizing immigration visas, coordinating relocation services and assisting with orientation of Thailand for the client and their family.

For more information on property in Thailand, please contact us at our Singapore office at (+65) 67350120 or email us at email@healyconsultants.com