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Including Thai entities owned by more than 49% foreign persons or entities, are prohibited from acquiring a freehold interest in land in Thailand. Exceptions include ownership permitted by treaty (of which there are currently none) and ownership permitted by special permissions and approvals, such as the ownership of a limited amount of land by persons investing at least 40 million baht in specified Thai ru m investments. Because title to a condominium unit includes co-ownership of the common.
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Strategic Location Located in the heart of Southeast Asia, Thailand is a gateway to many other countries in the region. This makes Thailand an excellent location for your next property investment. Especially if your investment property has access to amenities such as good transportation.
Types of Condominiums in Thailand: Which one should you go for? CONDO TYPEAVERAGE COSTSAVERAGE SIZEOne-bedroom3+ million Baht35 to 50 sq mTwo-bedroom6+ million Baht60 to 90 sq mThree-bedroom10+ million Baht120 to 150 sq mDuplex or Loft5-50 million BahtAverage of 300 sq m2 more rows
Because Thai law dictates that a foreigner cannot own 'land' in Thailand, condominiums are the easiest (and most secure) form of property for foreigners to own.
In summary, buying a condo in Bangkok offers several advantages, including a growing economy, affordable prices, high rental demand, low maintenance, attractive amenities, convenience, and enhanced security.
condo ownership Buying a condo is generally the only way foreigners are allowed to purchase real property in Thailand outright. Other options include negotiating a long term lease (up to 30 years) or buying real property using a Thai dummy corporation, a practice which, although common, is technically illegal.
Rental costs for one or even two years will be considerably less than buying a condo. Your rent outlay is known and set, making budgeting a little easier. When excess rental stock is on the Thailand real estate market, you may be able to negotiate better rental prices or conditions.
Thai law only allows foreigners to own 49% of a condo development. The total area of the condo units owned by foreigners cannot exceed 49% of the total area of all saleable condo units.
A transaction takes between Two weeks and one month and a half for a completed condominium (ex: Resale). For the off plan, it depends on the construction schedule. C) Buy a condominium by a foreigner: The Thai law, via the Condominium Act, allows foreigners to make a freehold investment in the condominium.
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