Are
you currently living in Thailand and looking for a property to buy?
If so you have a few choices available to you. Many expatriates that
move to Thailand and buy property, invest in the areas that attract
tourists. This means that they can rent the property out easily when
it is not in use and make an income.
The
main area that people buy property in is Pattaya. This resort has a
huge expatriate base and is the second most visited resort in
Thailand by tourists. Whilst Pattaya is the man area, there is an
area known as Jomtien which is just south of Pattaya. Jomtien still
has many of the same amenities as Pattaya, but is considered a much
nicer place due to the fantastic beach and the more chilled out
atmosphere.
Just
like Pattaya, there are also many properties available to buy for the
foreign investor. The most common type of properties available are
condos; however, there are also houses available too. Because of the
strict Thai property laws, buying a house is not as easy as buying a
condo, but this does not mean that you cannot own a house.
The
first thing you will need to do is hire a local real estate agent.
Not only can they help you find a housefor sale in Jomtien,
they can also lend you their expert knowledge about the area
surrounding the property. They will also be able to help arrange
viewings of many different properties until you find the right one
for you.
When
you have found your ideal property, you will need to use a foreign
law firm to help you with your transaction. There are property laws
that state that foreign ownership of a house cannot be more than 49%,
but there are ways around this such as putting the property into a
company name, or taking out a long leasehold on the property.
A
law firm will know everything you need to do to buy Thai property. Never
try and do it without the help of legal experts or you may find that
you have broken some strict property laws
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