Buying land in Thailand can and will be very problematic. The issue we wish to cover is not the issue of buying land but the different types of land titles you get in Thailand as most people don’t understand the classes of land.
Not everyone wants to buy property in Hua Hin. Some expats prefer to lease the property. What is best for you might not be best for someone else and its best to view leasehold and purchasing as options.
Thai property has been in the middle of a boom all of this while investments in Spain have gone South. If you bought property in Thailand 5 years ago there is no doubt that you would have doubled your investment by now.
When buying property in Thailand always be certain that you understand how the property taxes are calculated. We have highlighted how it is calculated to give you an idea as to the taxes payable on a property in Hua Hin. Consider the taxes payable when you purchase property in say Hua Hin.
For foreigners, purchasing property in Thailand might be a challenging procedure; however, in general, the following stages will be necessary: Check your eligibility: Foreigners are generally not allowed to own land in Thailand, but they can own condominium units or lease land for up to 30 years. Before you begin
Transferring property titles in Thailand can be a complex process, but the following steps will generally apply: Check the property’s title: Ensure that the title is legitimate and free of encumbrances, such as mortgages or liens. Draft a sale agreement: The seller and buyer must agree on the terms and
Thai law allows a title deed to be transferred between people, but there are many differences between a Chanote and a Sor Kor Nung (S.K.1) title. In this article, you will learn about the difference between a Chanote and a NS-2 title deed, as well as a Thai condominium deed.
