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The brightly shining sun, the long spanning stretches of fine sandy beaches, the picturesque bays with transparent waters, the variety of flora and fauna make an unforgettable impression on everybody. To put it differently, the fascinating coastal areas of the Gulf of Thailand and the Andaman Sea in Thailand are marvelous places your holidays, entertainment, bird watching, historical sightseeing, diving, getting to know the Thai cuisine and many other activities. Thailand is known as a tropical paradise that is worth seeing.
Thailand, in particular Pattaya, is a quickly developing tourist destination despite the recent immense fall in the world economy. Quite soon it will grow into a highly-priced and extremely famous holiday resort for many of tourists from all over the world. Therefore, owning property in Thailand can be a highly profitable business. You may pour your money in apartments, condos, villas, houses, town homes etc. More than that, there is an international airport situated close to the city of Pattaya and numerous tourist projects are in progress.
Yet, foreigners are not allowed to own land in Thailand by law. But there are several options for successful land acquisition. The most convenient way is to set up your own Thai Limited Company that will own land on your behalf. Or you can conclude a long term leasing/renting agreement with a land owner. In accordance with the law, a non-citizen is prohibited from owning land in Thailand, but is allowed to own a house or any other construction built on Thai land, certainly, with the governmental permission for that.
When the Thai tourism is completely developed, millions of holidaymakers will hurry to Thailand, thus, making the price of real estate soar drastically. So, those who have invested in Thai real estate earlier, will make a hefty profit. Even nowadays, condominiums in Pattaya are sold before their construction is fully completed.
Before you enter into an agreement, it is strongly advisable do research into the Thai real estate law and types of property available for purchasing or renting, taxes and transfers to be paid. Take into account the expenditure to make a good investment in Thailand. It offers to its visitors both enjoyment and opportunities for moneymaking. |
