Buying Property in Thailand

PRLog (Press Release) – Jul 11, 2008 – Whether it is as an investment in a holiday rental home, a place to retire to, or simply as a retreat as they look to escape the weather, the rat race or the high cost of living in the West, Thai property is becoming highly sought after. Although subject to strict controls, it is relatively easy to buy property in Thailand, as long as you can buy the property outright as there are no mortgage deals with foreigners. Also, technically it is not the land you will own but the property, although possession of land is assured by virtue of the fact that the property occupies the land and it is not impossible to own freehold land if you fall within certain conditions. But what with the cheap cost of houses, tropical views, and stunning locations, it is clear why property in Thailand is a popular idea.

Different locations are sought after for different reasons; for example Phuket is popular with those looking for an investment within the tourist industry, whereas the northern areas of Thailand are more popular with those buying to live, such as in beautiful Chaing Mai. Those preferring property in a more vibrant part of Thailand often choose Bangkok or Pattaya, and use their homes for holidays or retreats. And with the opening up of international airports at many of the established tourist resorts, such as Hua Hin, this has made property in Thailand even more desirable. There are also various types of property one can buy, whether you want a six bedroom mansion, a villa, bungalow, or condominium, the latter probably being the easiest and simplest property to buy in Thailand. And there is also a choice in the area you buy into; whether it is an area with close proximity to amenities, shopping, public transport, sporting facilities and a thriving expatriate community, or else buy somewhere a little more rural and remote. Property in Thailand caters to everyone, of all tastes, budgets and needs.