What does it cost to buy a house in Thailand and what should you pay attention to when purchasing real estate?
Foreigners interested in purchasing a home in Thailand will find that there are certain restrictions and conditions that apply. What are the real rules surrounding buying a house in Thailand? This seems like a simple question, but the answer is quite complex. Unlike the Netherlands, for example, as a foreigner in Thailand you cannot simply buy a house with land by simply approaching a real estate agent, putting down your money and signing a contract. In this article, let's take a closer look at what exactly is and is not possible.
Thai condo market booming: Foreign buyers at the helm
Thailand's condo market is seeing remarkable growth, with foreign buyers investing in properties in droves. Demand has increased, especially in tourist hotspots such as Bangkok, Pattaya and Phuket. The first nine months of 2023 have seen a 38% increase in sales, led by Chinese and Russian investors, who strongly dominate the market.
Chinese and Russians dominate the Thai apartment market
In a recent development in the Thai real estate market, data from the Real Estate Information Center shows that Chinese and Russian buyers have a significant share of apartment purchases in Thailand. In the nine months to September, there has been a significant increase in apartment sales, with a total value of 52,3 billion baht.
My husband has planned to buy a condo in Bangkok by the end of this new year (subject to corona circumstances), within walking distance of a BTS station, for example On Nut. Shops, market, dentist, pharmacy: everything nearby.
Luciano, a new condo building in Pattaya
Anyone driving on highway 7 Bangkok – Pattaya will see a huge billboard announcing that a condo building of no less than 66 floors is to be built. The unfinished Waterfront Building on Bali Haipier is 55 stories high for comparison.
As the owner of a condominium, I want to give my Thai wife, who has no children, the usufruct after my death. Then she can live there for the rest of her life or rent it out. I want to have this recorded in my will.
I live in a condominium complex (Jomtien) which is cleaned by 4 employees. The quality of the cleaning often does not last, the hours worked per employee is certainly not optimal, which means that a fairly high cleaning budget must be paid.
Condo owners want amendment to new rental law
A group of apartment owners is petitioning the government to change the new rent law. They feel that they now have few resources left to deal with difficult tenants.
The supply of new condominiums in the Thai capital will continue to grow this year. Especially in Thong Lor, Phaya Thai and Charan Sanitwong Road, there is new supply.
I am looking for a condominium complex with good management. By this I mean good and expertly carried out maintenance, affordable maintenance fee, an annual general members meeting with extensive financial reporting and clear rules that must also be observed, preferably in Pattaya.
At the request of Thailandblog, Rene van Broekhuizen compiled a file about renting an apartment, detached house or house in a gated village, for which we thank you very much. He deals with the fifteen most frequently asked questions and ends with some points for attention
Life in Thailand: Wan di, wan mai di (part 1)
Chris de Boer lives in a condominium building in Bangkok. Every day there is something for it. Sometimes good, sometimes bad. He talks about it in the series Wan di, wan mai di.
Reader Submission: Condominium Buying and Will
First of all I would like to thank all the people who gave valuable advice to my questions. They were specific questions so I really needed a good and reliable lawyer to record everything neatly on paper. Because there were two persons who Mr. Surasak Klinsmith recommended from Siam Eastern Law I contacted him.
News from Thailand – Wednesday, April 29, 2015
A selection of today's most important Thai news, including:
– Possibly more than 10.000 dead in Nepal
– Thailand has already collected 225 million baht for Nepal
– No 'condo bubble' at Skytrain stations in Bangkok
– Taxi drivers at Siam Paragon pilloried
– Windstorm damages 60 houses in Surin
Man freed from collapsed apartment building after 26 hours
To the cheers of rescuers, a construction worker was freed from the collapsed apartment building in Pathum Thani after 26 hours yesterday. The number of dead is now 4, the number of injured 24.
At least four people were killed and XNUMX injured when an apartment building under construction in Khlong Luang (Pathum Thani) collapsed yesterday morning. Only the elevator shaft is still standing.
Buying a condo in Thailand
Everywhere you look around Pattaya – and in other tourist places it will be no different – more and more condo complexes are being built. Large buildings with often many floors, which are divided into many condos, say flats or apartments.