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Thailand property investment is a popular option for foreigners. However, recent demonstrations by followers of different political parties can potentially harm industries within Thailand, such as tourism, which is important for confidence in Thailand property investment. Following is information related to Thailand property investment and the services provided by Healy Consultants to help investors achieve their objectives:

The lower entry cost into the Thailand property investment market compared to other markets in the region is one appealing factor to investors. The political turmoil over the last few years may be one reason for property in Bangkok not seeing the large price increases experienced in Singapore and Hong Kong, for example. Favourable exchange rates and low cost of living compared to many countries means investors money goes a long way in Thailand.

Thailand law prevents foreign individuals from owning land in Thailand. Foreigners can, however, undertake Thailand property investment via purchasing condominiums. The restriction here is that the total foreign ownership of the condominium complex can not exceed 49%.

Healy Consultants assist international entrepreneurs and investors to implement Thailand property investment strategies to grow their global assets.  Purposes can be i) residential real estate for entrepreneurs living in Thailand, ii) commercial real estate for their business interests or iii) as a buy-to-let property to give an income stream.

Setting up a company in Thailand is one way foreigners have sort to acquire land in Thailand. This can be misleading, and risky if the investor sees this as an easy way to own land in Thailand. Ownership of property through a company is undergoing stricter control. A foreigner who is operating a business in Thailand can purchase the title of the land through their Thai limited company but the land would be owned by the Thai Company, not by the individual.

Thailand is one of the leading countries for the growing retirement and second home market. Thailand provides a diverse range of options to investors looking for holiday homes or places to retire. Thailand's unique culture, renowned cuisine, friendly people and tropical landscapes are appealing attributes for a middle aged demographic seeking affordable luxury for their retirement and semi-retirement years.

The Thai government has implemented reductions in mortgage fees, transfer fees and certain business taxes in March 2008 to maintain and improve developer confidence and boost the Thailand property market. Originally, the initiative was for 1 year but the slowdown in the market and the political issues currently in Thailand could lead the government to extending the expiry date to support the Thailand property investment market.

Thailand’s holiday destinations will also see increased demand, with the economy on the rise and budget airline growth, surging tourism is inevitable.

In the holiday destination of Phuket, the high-end villa market has out-performed the general market. While the prime ocean front locations along the West Coast are scarce, development in other areas such as the East Coast and Phang Nga regions is occurring. Thailand property investment may see increased activity in the secondary market as investors avoid any risk associated with off-the-plan purchases.

Healy Consultants assists clients with all aspects of Thailand property investment.  International investors save time and money by engaging our firm to manage aspects in the process of buying Thailand property and selling Thailand property. These key aspects include:

Developing market analysis related to Thailand property cycles, current property trends and market sentiment, currency movements, changes to Thai legislation regarding foreigners and the impact on Thailand property investment. Reliable sources are referenced including the Bank of Thailand, along with reputable agents and property experts, to gain insight into the Thailand property market.

Obtaining international mortgages to support Thailand property investment. Generally, foreign investors have to show they have brought the funds for purchasing their property into Thailand as Thai banks will not lend to foreigners. In sourcing property finance, our firm works with leading international banks including ANZ Bank, DBS Bank and OCBC Bank.

Appointing and supervising a Thailand lawyer to ensure all the legal matters associated with Thailand property investment are undertaken correctly. Having an experienced lawyer is advised for undertaking Thailand property investment as the real estate industry in Thailand is not extensively regulated.

Providing tax and accounting advice specific to Thailand property investment to ensure the tax obligations are met. 

Comprehensive property management services.  Such services as property refurbishments, finding tenants, implementing property maintenance, arranging property insurance, organizing property valuations, and organizing property security requirements are all activities needed for effective Thailand property investment but can be time consuming for an international investor.

For clients relocating to Thailand, Healy Consultants will project manage the requirements for migration to Thailand including organizing immigration visas, coordinating relocation services, and providing orientation of their new country.

Confidence and growth in Thailand property investment will depend on minimizing the impact of the global economic downturn on the tourism industry, along with government initiatives to encourage investment.

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