Real Estate News

All News
10.03.2012
Buying property in Thailand
More
14.12.2011
Laguna Beach Resort 2 - from 849,000 Baht!
More
23.09.2011
International Real Estate!
More

FAQ

 





What is a "condominium"?

  Condominium - a block of flats or several houses. In Thailand, condominiums, usually have a communal swimming pool, around the clock protection and its parking lot. Depending on class condominium, the services of the tenants may also be shops, laundry, restaurant, gym, tennis courts, etc.





Can a foreigner buy a property in Thailand, an apartment or house?

  A foreigner can buy in their personal property only apartment in a condominium. Under the law, which came into force in 1974, in Thailand, foreigners may own 49% of floor space in condominiums. Ie each apartment house 49% can be sold to foreigners, and 51% - only Thai nationals or companies registered in Thailand. Buying at home requires a Thai company, which formalized the deal. A foreigner can own in a 49% stake in the company and be its director with a decisive signatory. There are legal mechanisms that guarantee the safety of minority shareholders, a shareholder of his investment. For further information, please contact our sales managers.





How paper looks at the property and is issued as a purchase and sale?

The transaction of sale is made with the Land Department of Thailand. When you register you will receive a transaction document - "Chanot", which guarantees your ownership of your purchased home. Chanot issued to foreigners does not differ from chanota to local residents and is equal to it guarantees property rights. Chanot represents a document, where the face of the coat of arms of Thailand, described the layout and details of the property being purchased, and on the reverse side - the history of all sales of the property. The document is filled in the Thai language and the name of the owner fits as the Thai letters.





What additional costs may be in addition to the already approved rates?

  When buying an apartment a private person, fees charged by the Land Department of Thailand depend on several factors: a period during which the seller owned housing data before its sale, as well as the estimated value of housing that does not necessarily coincide with the sale price. As a rule, all associated with the sale of housing expenses paid by the seller and the buyer in equal shares. On average, the share of the buyer is paid about 2 - 4% of the cost of housing. A more accurate calculation, you can get from our managers when selecting a specific object.





What language is made a contract and that it must necessarily be indicated?

  The contract between the seller and the buyer is made in English and Russian languages, the legal force has only English version of contract. The contract must contain data of the buyer, the buyer, the object of the transaction, its cost, payment terms and predachi of ownership, as well as the duration of the contract. Also, the contract specifies who bears the cost of processing the transaction and transfer of ownership.





How best to transfer money in Thailand? List them through a bank or bring cash?

  If you already have an account with the Bank of Thailand and to send money from your country is not for you difficulty, then, in our view, it is easier to transfer money or bring a "travel checks. Also carry with them cash - always a risk. When forwarding a non-cash money sure to specify in the column "purpose of payment» - «to buy property».





Possible to draw up an apartment in the ownership of two men and more?

  Yes, it is possible.




How to solve the problem with the inheritance of acquired apartments in Thailand?

  The owner of an apartment in a condominium apartment has the right to transfer by inheritance. The name of the heir may be made to the "Chanot" - a document of title to the apartment. By default, the first heirs are the parents, more children, wife, husband, and the next closest male relative who has attained adulthood and the elder.





Can I buy an apartment on credit or payment by installments for a few years?

  Credit in the bank - is difficult. Requires banking history and a work permit.

  In this case, there is a chance to get a loan secured by property. The average annual rate - about 8%. With a tourist visa does not get credit. Tally from the seller's situation is easier. In the case of home buying in the primary market (ie, still under construction housing, for sale from the builder) - as a rule, yes. Installments can be given a term of 1, 2 or even 5 years. It depends on the project and the developer. As for the secondary housing - usually no, but there are exceptions, depending on a particular vendor.






Where advantageous to buy an apartment, a builder or already built house?

  Looking for what purpose acquired housing. If the purpose of investment - it is better from the builder, and than earlier buildings - the better. The developer is interested to sell as many apartments in the initial stage of construction, as the money from the developer will allow the buyer to a lesser extent, to borrow money from the bank at interest. As the construction of the house, the price has been steadily increasing, and often the person who has bought an apartment at the stage of development, can benefit resell my apartment before the end of its construction. If comparing prices per square meter of the primary and secondary housing - then the secondary market m2 significantly cheaper.





Where advantageous to buy an apartment, a builder or already built house?

  Looking for what purpose acquired housing. If the purpose of investment - it is better from the builder, and than earlier buildings - the better. The developer is interested to sell as many apartments in the initial stage of construction, as the money from the developer will allow the buyer to a lesser extent, to borrow money from the bank at interest. As the construction of the house, the price has been steadily increasing, and often the person who has bought an apartment at the stage of development, can benefit resell my apartment before the end of its construction. If comparing prices per square meter of the primary and secondary housing - then the secondary market m2 significantly cheaper.





Thailand News

All News