A profitable purchase
real estate in Thailand

How often have you dreamed of flying to another continent, fully experiencing its traditions and culture, and seeing the local sights? What if you didn’t just take a vacation? What if you bought real estate abroad to live in or rent out to tourists during the high season?

Thailand is just one of the destinations where investors consider buying villas and apartments.

Turkey Property Group offers real estate in Thailand and qualified assistance in selecting properties in the most popular areas of the island.

Real estate in Thailand for foreigners – what should you know before buying?

Thailand is a popular tourist destination. Its cultural peculiarities, the incredible beauty of its coastline, and the affordability of its prices are like a magnet for foreigners. People come from all over the world to experience the unique atmosphere of this exotic land.

There are two ways to purchase real estate for personal or commercial use.

Freehold: With private property, the owner has the right to do anything with it: give it away, sell it, rent it out, or leave it as an inheritance. For foreigners, this option is available only if quotas are met, and they should also be prepared for high registration taxes.

Leasehold (leasehold): The owner has temporary restrictions on the disposal of the property. It is usually for a period of 30 years, with the right to extend twice for the same period (for a total of 90 years). Otherwise, the rights are the same as those of a freeholder.

Immigrants choose leasehold because its conditions are more favorable for purchasing a house or apartments for commercial purposes.

What real estate can be bought inexpensively by a foreigner

There is cheap real estate available here in the form of apartments and houses located in more remote and less popular tourist areas. If you still want to hear and see the sea, consider secondary housing — the Thai market has many worthy options.

Types of real estate in Thailand for investment

Our clients have the following real estate options available for purchase:

• apartments in modern residential complexes near the sea, in more remote and quiet areas, or in the lively city center.
• villas and houses for those who love luxury and maximum comfort. Here, you will have modern, stylish repairs and constant access to developed infrastructure and all its benefits (ideal for wealthy families).

The use of quality materials, modern renovations, smart layouts, and beautiful views make Thai real estate popular in the rental business.

Primary and secondary housing in Thailand: which to choose?

When choosing a property, you should be guided by cost, location and type of housing. The primary market from the developer offers new apartments and houses that have not been previously owned and had no owner. This format is safe, has a number of advantages:

• a large selection of housing for every taste and cost;
• modern objects with stylish repairs and developed infrastructure from the developer;
• location near the coast and other promising locations;
• low price. 

Secondary real estate from owners is represented by houses and apartments, which already have an owner and previously in them someone has already lived. This is an excellent cheap alternative to a new building. In addition, after the purchase you can immediately live without major repairs. When choosing this option, be sure to use the services of an agency to avoid unscrupulous sellers.

How to buy real estate in Thailand: instructions

Turkey Property Group ensures a safe, fast, and comfortable real estate buying process:

1. Browse our catalog to find your perfect home. If you don’t see what you’re looking for, our managers will find a suitable option in your price range.
2. After you select an option at your desired price, a realtor and a lawyer will check that the property is legally sound and that all documentation is in order.
3. Next, there is negotiation with the preliminary conclusion of the contract (this document is needed in Thai and English).
4. Next, a deposit is paid (usually 10% of the price).
5. The main contract of sale is concluded and signed.
6. Pay the balance of the cost according to the contract terms.
7. A very important stage is registering the property ownership with the relevant authorities and receiving a document that confirms your ownership.

What documents do foreigners need to purchase real estate in Thailand? Before buying real estate in Thailand, you need to prepare the following documents:

• passport;
• a contract of sale;
• document of ownership;
• a statement of funds;
• proof of payment of all fees and duties.

If you purchase an item on the primary market, you do not need to re-register the title.

Which areas are the most promising? The more popular the region is among tourists and businesspeople, the higher the price. For residence or passive income, it is better to choose Bangkok, Phuket, Pattaya, or Samui. Let’s look at their advantages and the prospects open to buyers.