Buying Houses in Thailand - What You Need to Know

Покупка квартиры или дома в Таиланде может стать отличной возможностью для получения ВНЖ или гражданства благодаря программам инвестиционной иммиграции.

Buying house in Thailand is a dream of many people and one that's often put on the bucket list. But if you're one of the millions who've bitten the bullet and decided to make it a reality, you need to understand the process and the country itself before you commit to this life-changing purchase.

Purchasing real estate in Thailand is relatively simple, and most of the process can be handled with the help of a trusted property agent who will be able to guide you through it. Whether you want to buy a luxury condo or an affordable home in a prime location, it's important that you follow the right steps and get the legalities in place.

First, you need to obtain legal title to the land. In order to do this, you need to work with a qualified real estate agent who will help you register your land title at the Thai Land Office. This will ensure that you have a legitimate property and that any disputes later on will be prevented by the proper legal documentation.

Once you have the property legally in your name, the next step is to secure a mortgage from a local bank or lending institution. This will help you to pay off the initial down payment on your home or condo.

After the bank or lender has secured your mortgage, you then need to complete the purchase of your home by signing a sales contract with the seller. The contract will include the terms of the sale, such as the price and the dates of payment.

The seller will usually require a deposit of around 10-15% of the total cost of the property. This will reserve the property in your name until the entire transaction is complete and you have the keys to your new home or condo.

When you purchase a condo in Thailand, you will need to pay monthly maintenance fees (CAM), which are typically 50 baht per square meter of the condo unit's space. This is to cover the building's expenses, such as electricity, water and other utilities, but it also provides a fund for major repairs and upgrades.

While you may think that this is a costly investment, the long-term benefits will pay off. The value of your home or condo will increase over time, and you'll have the security of knowing that you can sell it in the future should you decide to move on.

You'll also be able to enjoy the luxury of living in the heart of Bangkok. This city has a rich and elegant culture and is also known as 'Venice of the East' with all the creature comforts of modern life at your fingertips.

Another great thing about buying a house in Thailand is the fact that you can easily move back and forth between the city and its surrounding provinces. This means that you can easily use your property for short stays in the winter and long ones during the summer months.