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Foreigners can own condominium units outright under the Condominium Act. For land or other properties, options include leasehold agreements or setting up a Thai company structure.
Taxes and fees vary depending on the property type. For condos from developers, there’s a 6.3% total, typically split between buyer and seller. Leasehold properties require only a 1.1% registration fee.
Yes, the Thai government introduced an annual land and house tax in 2019, currently capped at 0.3%. Certain properties used as primary residences and below a specified price range may qualify for exemptions.
You have the option to manage the rental yourself or use a rental agency for hands-off management. Additionally, many developers offer in-house rental services, especially in resort cities, with hotel-managed projects featuring rental pool programs.
Yes, regulations may vary depending on the location and type of property. It’s essential to understand local laws and regulations governing short-term rentals, including registration requirements and tax obligations.
Rental yields can vary depending on factors such as location, property type, and market demand. In popular tourist destinations like Phuket, rental yields can be attractive, especially for well-managed properties in high-demand areas.
Yes, some Thai banks offer financing options for foreign investors purchasing property in Thailand. However, eligibility criteria and terms may vary, so it’s essential to research and consult with financial institutions for specific details.
Purchasing off-plan properties involves buying units in developments that have not yet been completed. Buyers typically pay a deposit and then make installment payments as the project progresses. It’s essential to review the developer’s track record, understand the payment schedule, and ensure that proper legal protections are in place before committing to an off-plan purchase. Additionally, buyers should be aware of their rights regarding delays or changes to the project and seek legal advice if needed.
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