Buying Property

Are you planning to buy a property in Thailand? The several complicated factors involved in buying a property in Thailand demand expert legal assistance to help you throughout all the processes involved. BLS comes in with the necessary legal expertise and experience in regard to buying a property in Thailand!

Buying a property in Thailand requires some consideration on the buyer’s part. These involve the following.

• The location of the property
• The type of property
• The reason for purchasing the property
• The price of the property
• The legal processes involved in the acquisition of the property.
• The quality and workmanship of the property

Condominiums in Thailand are primarily developed in prime cities like Bangkok, Pattaya, and Phuket. A lot of foreigners prefer buying a condominium when it comes to buying real estate in Thailand. Owning a condominium in Thailand comes with the following benefits.

• The condominium could be bought by a foreigner in his/ her own name.
• Maintenance fee is comparatively lower than other nations.
• The condominium is issued with a title deed same as a strata title
• Owners may use the title deed as collateral in Thailand
• Buying a condominium can be more cost-effective than owning a home with land.
• You can easily rent it out, on account of its location and size.
• Reselling a condominium is quicker and simpler as compared to a land and a house in Thailand.

Buying a villa or a house comes with the following benefits.

• Larger livable space
• Higher privacy levels
• Owners enjoy appreciation on the house
• A complete control over the maintenance of the house

Of course, buying a villa or a house isn’t as quick and simple as buying a condominium is. Some people register a Thai company to hold ownership, as once the Thai company is registered; they use the limited company to hold the land. But, our Thai lawyers recommend the following legal structures.

• Superficies
• Lease
• Usufruct.

Real estate in Thailand can be classified in condominiums, houses, villas, and land. One method to own land is through a leasehold villa investment. This is because it is simpler and quicker. Foreigners can achieve full interest on a lease in Thailand for the registered period. This is different from purchasing it through a Thai limited company, wherein there are a lot of shareholders with different interests. Moreover, a foreign national can marry a Thai and buy land as a couple, however, provided that the necessary legal provisions are observed.

For more details, get in touch with BLS today!