Archive for the ‘Buying property’ Category

Purchasing a dream home in Phuket

The Real Estate Industry in Thailand is poorly regulated and this article will assist you in buying property.
Due diligence on title and the property
A property due diligence should always be conducted on the land title and building permit for any structure, and verification of road access should be made. Further, a surveyor should verify [...]

Transfer of Property in Thailand

Property Purchase & Transfer
When you purchase real property, you pay because you want to possess the property you are buying. While there are several preliminary steps, the main event is the transfer of property from the owner or developer to you. Often the contract for the purchase of the property will list [...]

Why Offshore?

Why Offshore?

By informing yourself with respect to holding assets, doing [...]

Thai Laws

Here is an introduction to a really useful web site namely THAILAWS.COM
The content of this web site is awesome and of use to anyone living, renting or working in Thailand.
THE OBJECTIVE OF WWW.THAILAWS.COM IS TO PROVIDE THE USEFUL INFORMATION ABOUT THAILAND, THAI ACTS AND LEGAL INFORMATION FOR [...]

Villa resales for foreigners

Offering properties for “sale” to foreigners under a long term registered lease is becoming the norm for new developments in resort areas. Even condo developments limited to offering 49% of their freehold capacity to foreigners may offer the remaining units to foreigners on a long term leasehold.
If however you are considering purchasing a resale villa [...]

Difference between condos and apartments

To help you to better understand the difference between a condominium and an apartment building I need first to clarify the definition of the term of “condominium”. For example, most people in Thailand commonly associate the term “condominium” with the concept of an “individual unit” into a “multiple unit building” generally a high rise that may [...]

Thai Etiquette

The Thai are a proud nation of people with a long history and well-established, complex hierarchal structure of status. Starting with the Royal family and percolating down, everyone in Thailand knows and respects their place in society. A polite Thai (which is most of them) will usually immediately identify whether another [...]

Buying property in Thailand

Land Purchase
Thai law stipulates that a foreigner may not own land in his name, he has the right of ownership of buildings only. If a foreigner wishes to purchase land to build a property he has 2 options.
The land is purchased on a 30 year leasehold, with an option to extend the [...]

Buying a Condominium: Foreign Freehold Ownership

The easiest and most secure way for a foreign investor to purchase real estate property in Thailand is to purchase a condominium unit freehold because the legal requirements are as we will see below minimal.
Personal Requirements
In order to be eligible to purchase a condominium freehold foreign investors need only to [...]

Buying a Condominium: The 49% foreign ownership quota issue

One of the legal headaches limiting access of foreign buyers to the Thai real estate market is that Thai laws currently limit foreign buyer freehold purchases of condominium units to percent of the total area (reserved for private ownership) of a condominium building at any one time.

While this limitation is rarely [...]