Purchasing property in Thailand is possible for foreigners. While there are restrictions, foreigners are able to purchase condominiums. The prominent tourist destinations, such as Phuket, are popular locations for purchasing property in Thailand. Below are Asia Property Consultants' services and information related to purchasing property in Thailand.

Foreigners are unable to own land in Thailand, however they are able to purchase condominiums provided the total foreign ownership of the condominium complex does not exceed 49%. 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.

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

When purchasing property in Thailand, all searches and research into the property should be carried out before signing any document or paying any deposit. Generally, a 10% deposit is paid at the execution of the purchase agreement. The deposit is non-refundable, except if the seller pulls out of the sale. The balance is paid when final contract is signed.

Asia Property Consultants provides investors suitable options for purchasing property in Thailand based on the requirements of the client in terms of location, size, budget, property facilities, proximity to transport and Thailand schools, security etc.

As foreigners are required to show the funds for property investment have come from outside Thailand, arranging property finance for purchasing property in Thailand, including providing options and negotiating mortgage terms and conditions is a valuable service provided by Asia Property Consultants. Our firm works with leading international banks including ANZ Bank, DBS Bank and OCBC Bank.

To ensure the legal matters associated with purchasing property in Thailand are undertaken correctly, Asia Property Consultants will appoint and supervise a local lawyer. The realty industry in Thailand is unregulated so having a lawyer experienced in property transactions allows the strengths of local laws to be utilized to protect asset ownership for foreign investors.

In Thailand, property taxes are payable by buyer and seller of property transactions. Asia Property Consultants provides invaluable tax and accounting advice to investors in order to efficiently meet the tax obligations of purchasing 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.

Investors benefit from post purchase services provided by Asia Property Consultants. These services include:

Organizing appropriate property insurance to secure the structure and contents of their new asset.

Arranging the requirements for migration to Thailand including immigration visas and relocation services.

Sourcing agents and contractors to undertake property management activities such as property maintenance, refurbishments, property security, property valuations, problem solving.

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