Buying a Holiday Home and Property in Thailand
If you were to ask tourists queuing up to fly home after visiting Thailand whether they considered purchasing a property during their trip, the vast majority would admit that they had thought about buying a holiday home in Thailand at some point in their holiday. Let's face it, Thailand is a tropical paradise and many envision owning a property here.
Why are thousands of people purchasing a property in Thailand? Is it the lure of intriguing culture and people? Perhaps it's the lush year-round warm climate combined with fresh tropical fruit, vegetables, and seafood? Maybe it's the low-cost healthcare and standard of living? For many, it's all the above.
Buying a Holiday Home – Things to Know
Whether it’s been something you have talked about for a while or a vague notion you got while on a sun-drenched beach in Phuket, pondering the possibility of buying a holiday home in the land of smiles puts you in a very large company, and for good reason. After all, Thailand is one of the most traveled destinations in the world.
Home to rich and elegant culture, Thailand gives travelers a true sense of mystery and wonder while still having the comforts of home close at hand. This East meets West balance is one of the biggest selling points for foreigners who have purchased property here.
However, it’s important to know all of the facts and separate the dream from reality before seriously considering buying a holiday home in Phuket Thailand. Here are some of the most important things to consider before you decide to buy a property in Thailand.
Can Foreigners Own LAND in Thailand?
By law, foreigners cannot own LAND in Thailand.
If a foreigner wants to purchase property in Thailand that involves land there are several options. One is to lease the land for an extended period of time. It's not that difficult to set up safely.
Another alternative is to set up a Thai company. If you choose this option, you will be a shareho