Why more and more people are buying a house in Thailand

In recent years, the Thai economy has continued to maintain high growth potential in various fields, including the real estate industry, the real estate market is growing steadily in Thailand, combined with the construction of ordinary low-cost commercial housing, the geographical location and the support of public construction, the real estate market is growing steadily in Thailand, combined with the construction of ordinary low-cost commercial housing, the geographical location and the support of public construction, more and more people choose to invest in the Thai real estate market.

The advantages of Thai property are as follows:

1. Thai real estate has freehold property rights (with title deeds).

2. Housing prices in Thailand are relatively cheap.

3. Apartments and villas in Thailand are decorated.

4. There is no shared area for apartments in Thailand.

5. Living in Thailand It is easy to get medical treatment and go to school.

6. High rental return.

7. Housing prices in Thailand have risen considerably.

8. It is easier to buy a property in Thailand than in other countries.

9. There is no property tax in Thailand, and the transfer and holding costs are low.

10. Thailand's medical services are perfect and inexpensive.

11. Easy to apply for Thai pension visa.

12. You can take out a mortgage loan to buy a house in Thailand.

Buying a house in Thailand has many advantages, such as being conducive to the development of the head of household, an optimistic investment situation, and a large return on investment, which is described as follows:

1. The economic growth rate is relatively fast, and the investment income is large

Thailand has one of the most economically liberal countries in the world, and its economy is growing rapidly. Thailand's economy has maintained an average high growth rate of more than 7%, ranking among the highest in the world.

2. The folk customs are simple, which is conducive to the householder to adapt to the new life

On the whole, Thai people are generally mild-mannered and basically humble and polite to foreigners. In the warm sunshine, the scene is very warm and touching. It is worth mentioning that in Thailand, monks do not have to pay for cars and meals.

3. Taking advantage of the Belt and Road policy, the situation of investment and buying houses is optimistic

Thailand is an important node of the Belt and Road Initiative in Southeast Asia, and is rapidly emerging in recent years as an emerging market in Southeast Asia. Thailand's Industrial Development Plan 2015-2025, which is in line with China's Belt and Road Initiative, is the best win-win combination between China and Thailand, and greatly enhances the confidence of Chinese enterprises to invest in Thailand. Investing and selling a house in Thailand has a large investment space.

4. The central location of ASEAN and the main road of the global market are conducive to the development of the head of household

Thailand is strategically located in the heart of ASEAN and is also a gateway to key markets around the world. In 1999, Thailand joined ASEAN as its tenth member, and foreign investment into the Thai market can directly radiate the entire ASEAN region.

At the same time, Thailand has a number of good foreign trade ports, foreign trade export channels are relatively smooth and convenient, and logistics costs are relatively low. In addition, the AIIB will further promote the development of Cambodia's real estate economy. Therefore, choosing to buy a house in Thailand means that the head of the household has more opportunities for development.

5. In the process of rapid urbanization, local purchasing power has increased

Thailand is in the midst of rapid urbanization. Every year, people leave the countryside to seek work in the cities. A large number of young people from rural areas and returning students who come to Phnom Penh in search of opportunities need to settle here, and these people constitute a group in need of real estate purchases, which promotes the high investment and high growth of the Thai economy.

With the development of Thailand's economy, local purchasing power is gradually increasing, and the real estate investment market is promising.

6. Real estate is denominated in US dollars, and the funds are in a state of value preservation

The vast majority of assets here are denominated and traded in US dollars, and bank deposits and loans can be used in US dollars. Since last year, the US dollar has continued to strengthen, and the voice of the Federal Reserve raising interest rates has also been endless, and Thailand, as the only country in Asia that uses the US dollar as a trading currency, has become the choice of many investors.

Housing prices in Thailand are about one square meter in Thai baht, which is equivalent to about 10,000 yuan.

The average house price in Thailand is about 10,000 yuan per square meter, which is comparable to that in China's third-tier cities. The main industry driving Thailand's development is tourism, and in recent years, more and more people have visited Thailand. In an industry-driven situation, property prices in Thailand are also **, and property prices in Bangkok are still relatively high.

Advantages of buying a house: 1. Freehold property rights, no inheritance tax: In Thailand, foreigners can legally hold freehold apartments with no inheritance tax, which can be passed down from generation to generation.

2. Low housing prices and no shared area: apartments close to rail transit in Thailand start at about 20,000 yuan per square meter, and the area of the apartment is calculated according to the usable area. Looking at domestic houses, the average shared area is about 25%, and buying Thai real estate is equivalent to a 25% discount.

3. Apartments and villas with decoration: Thailand's apartments and villas are decorated when they are delivered, and most of the apartments are finely decorated, equipped with floors, bathrooms, toilets, kitchen cabinets, air conditioners, built-in wardrobes, etc., which greatly reduces the cost of money and time for decoration, and is extremely suitable for foreign investors. Compared with China, spending millions to buy a house generally has to spend another 20-30% of the house price for decoration, and buying a Thai property is equivalent to a 20-30% discount.

Investing in Thailand to buy a house is actually very simple, have money, have documents, but also understand their policies, non-Thai people can not buy Thai land, that is, foreigners cannot buy property rights buildings with land, especially villas. But for condominiums it is possible to buy as much as you want, but there are property restrictions, 51% of the entire condominium building is in the hands of Thai citizens, and 49% of the condominiums are bought by foreigners. There are also special cases, that is, foreigners can also buy villas or land in Thailand and own the property rights, but in the form of registering a Thai company.

Foreigners can apply for a loan to buy a house in Thailand, and the down payment is calculated according to the house price or valuation, which is generally 30%. However, the interest rate is relatively high, and there are related taxes and fees such as commercial special tax, contract stamp duty, transfer tax, and lawyer's fees, and the interest rate is about 5%-7%. If you need a loan to buy an off-plan property, you can apply for a loan 3 months before the delivery of the property.

Loans are generally not recommended. If it is the first time to invest, it is best to find a professional lawyer, who can analyze and select suitable projects based on the investor's own needs and the amount of funds. Kunpeng Law Firm is a good law firm, project consulting, tax planning, land due diligence, and so on to serve you from a legal point of view, such a real estate investment is more reassuring.

The reason why many Chinese like to invest in Thailand and buy houses is mostly because Thailand's development is relatively good, there are many tourists, the climate is pleasant, and it is very suitable for living, and the key is that their housing prices are not as expensive as China.

[Enter the area and get the decoration for free**].

For people with more funds on hand, buying a house can be used for investment in addition to self-occupation, so many people have the idea of buying a house abroad, Thailand has become the choice of most people, so what are the pros and cons of Chinese buying a house in Thailand? Let's talk about this problem in detail. 1. What are the benefits of Chinese buying a house in Thailand 1. Both Thais and foreigners enjoy the permanent property rights of the house after buying a house in Thailand, that is to say, future generations can inherit the property and do not need to pay inheritance tax, these rights are protected by law in Thailand, and once the legitimate rights and interests of individuals are harmed, they can be protected by legal means.

2. There is no need to pay real estate tax to buy a house in Thailand, only when going through the real estate transfer procedures, you need to pay the relevant taxes and fees, under normal circumstances, the costs incurred in the process of real estate transfer procedures are borne by the buyer and the seller respectively, and there is no need to pay other fees. 3. Thailand has a good natural environment, basically not polluted by industrial chemicals, coupled with low prices, it is very suitable for the elderly, so many people will buy a house in Thailand to prepare for the future pension. Second, what are the disadvantages of Chinese buying a house in Thailand 1. The process for foreigners to buy a house in Thailand is very complicated, and local banks in Thailand will not accept loan applications from foreigners, and they need to exchange funds for Thai baht when buying a house.

2. In addition, foreigners need to pay a higher individual income tax to buy a house in Thailand, up to 37% of the total house price, and Thailand's management of the real estate industry lacks standardization, so foreigners need to hire an experienced real estate lawyer to buy a house in Thailand to protect their legitimate rights and interests. Summary: What are the pros and cons of Chinese buying a house in Thailand are introduced here, hoping to help friends in need.

Do the math how much it will cost you to renovate your home

Because the housing prices in Thailand are relatively low, and they are freehold, they are very close to China, which is very attractive to Chinese. Many of my friends have looked for Ancha to buy a house in Thailand.

The general summary is that Thailand's cultural environment, prices, and medical service level are all very good; Housing prices in Thailand are rising steadily, and the rental market demand is increasing; Then Thailand is a tourist resort country.