Is it safe to buy condo in Thailand?

Is buying a condo in Thailand a good investment?

Under the right circumstances, buying a condo in Thailand can be a rewarding purchase and a good investment. If you are a foreigner interested in buying a condo in Thailand there are several issues you need to be aware of. First, foreigners may only own 49% of a single condo development.

Can I live in Thailand if I buy a condo?

Thailand is giving condo buyers five-year residency visas for a THB10 million (USD 330,200) investment. … Your investment will give you to live in Thailand for 1 year and to renew every year for a total of five years. You will no longer have to make a dash to the border to renew your visa outside of the country.

Is it safe to buy property in Thailand?

There are restrictions in Thai law which prevent foreigners from owning landed property. This includes not only parcels of land, but also landed houses or villas. Foreigners must accept that if they attempt to circumnavigate the law without the proper legal advice there are risks involved.

How much are condo fees in Thailand?

In terms of new condos, the starting price for a one bedroom, 22 sq meter property is around 1 million Baht (45,000 THB per meter squared).

Cost of a Thai Condo.

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Level Price per m²
Upper-Mid-Range ฿90,000 – ฿119,999
High End ฿120,000 – ฿199,999
Luxury ฿200,000 – ฿299,999
Super Luxury Above ฿300,000

Do condos lose value over time?

In general, condos appreciate in value at a slower rate than single-family homes. … Even though condos generally appreciate at a slower rate than single-family homes, they’re still likely to increase in value over time.

Do I need a lawyer to buy a condo in Thailand?

Buying any Real Estate in Thailand be it a house or a condo requires the services of a reputable law firm. Once you have decided which real estate you are going to purchase, always consult a lawyer before signing any documents.

Can foreigners buy property in Thailand 2021?

Yes, Foreigners Buying Property in Thailand can take freehold ownership of a structure in Thailand, however foreigners are not permitted to own land in Thailand. Foreigners may enter into a long lease agreement, commonly known as “Leasehold” to secure the land.

How much money do I need to move to Thailand?

You should plan to live in Thailand on a budget of at least $1,500 per month, with $2,000 being a more reasonable benchmark. This will allow you to live comfortably without breaking the bank. You could potentially live a lot cheaper, as low as $1,000 a month, but you would probably have a difficult time.

What is the safest city in Thailand?

Traveler Alert: 8 Safe Places To Visit In And Around Thailand

  1. CHIANG MAI. Though a large and bustling city, Chiang Mai is a safe destination. …
  2. HUA HIN. Located southwest of Bangkok, Hua Hin has almost magically escaped the pressing crowds of tourists. …
  3. KRABI. …
  4. KOH SAMUI. …
  5. CHIANG RAI. …
  6. KANCHANABURI. …
  7. PHANG NGA. …
  8. KUALA LUMPUR.
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Where do most expats live in Thailand?

Popular Expat Destinations in Thailand

  • Bangkok. As you might expect, the greatest amount of expatriates live in Bangkok and its metropolitan area. …
  • Pattaya and Phuket. The city of Pattaya also attracts a fair number of foreign residents. …
  • Koh Samui. …
  • Chiang Mai.

Can foreigners buy Thai property?

Are Foreigners allowed to own land in Thailand? Generally, foreigners are not allowed to directly purchase land in Thailand. Simply put, Thai laws prohibit foreigners from owning land in their own name, although theoretically there is an exception but it is yet to be seen in practice.