Beachfront Property Guide » Thailand

Thailand Beachfront Condos: A Caribbean Lifestyle for Less!

Jack — Tue, 14 Jun 2011 00:56:25 +0000

Posted in Best Beachfront Property Locations, Thailand

It’s no secret, as any of the millions of tourists to this tropical paradise will tell you, that Thailand is an amazing scenic country. The beaches are some of the best in the world, the scuba diving is spectacular and attracts divers from every corner of the globe, and if you ever tire of the surf and the sun there is always some of the world’s biggest tropical rainforests and countless centuries of culture for you to enjoy. All this and a low cost of living makes Thailand beachfront condos a great option, whether for a second home or a place to retire.

A Bit About Thai Property Laws

Thailand, like many foreign countries is strict with many of their property ownership laws. In fact, it is illegal for any foreign citizen to own more than 49% of the total area of a parcel of land in Thailand. So, unless you have a very trustworthy person who you could trust with majority ownership of your land, there isn’t any way to own a house or large tract of land.

Luckily, the easy way around this is by owning a condo. Condos allow you to have direct ownership over your unit, while you fulfill the Thai government’s ban on foreign ownership by having the other tenants occupy the remaining 51%.

Why Thailand?

Palm Trees, Calm, Blue Waters, and 100s of Islands for Your Enjoyment

But why should you own Thailand beachfront property? If you’re searching for foreign land ownership, here are just a few reasons why you should consider Thailand.

Great Weather and an Environment that Can be Compared to the Mediterranean or Caribbean
Stable government: Despite a few notable exception like the Red Shirt protests, the Thai government as a whole is stable. And since the country depends for tourism and foreign investment for a large part of its income, rule of law, and contract and property rights are enforced.
Cheap Medical Care: You can get first world medical care for a fraction of the price you would in the West. In fact, medical tourism is one of Thailand’s booming industries.
Cheap and Reliable Public Transportation
Thousands of Years of Temples, Museums, Culture, and History
Friendly, Smiling Locals: It’s not called “The Land of Smiles” for nothing!
White sand pristine beaches and crystal-clear azure waters
Huge tracts of old-growth jungle with incredibly biodiversity
And too many other reasons to list!

Where to Look for Thai Beachfront Condos

With hundreds of island and a long, tropical shoreline, Thailand has a plethora of different options for condos right on the beach. While you can find a bunch of different options, you best bet is to look for condos in the most developed tourist areas. Here you’ll find a stronger resale market, more developed infrastructure, and services and people that would be more than ready to help you find your dream condo. Phuket beachfront condos fulfill all of these requirements and more. You can find out more information about them by clicking the link.

Beachfront condos in Thailand make great investment properties or retirement homes. You can find more information at the Thailand Property Guide or on several sites online.

Phuket Beachfront Condos

Jack — Sun, 12 Jun 2011 01:23:39 +0000

Posted in Best Beachfront Property Locations, Thailand

As Thailand’s largest island, at 48 miles long and 21 km wide, Puket has something for everyone. You can go from the from the pristine environs of Banana Beach to the downright seedy underbelly of Ao Patong. And with good access to several international airports and ferry access to all of Thailand’s other major islands, including the legendary Ko Phi Phi made famous by the movie The Beach, Phuket Beachfront Condos make a great investment for anyone who wants to own property in Thailand.

Why a Puket Beachfront Condo?

Islands off of Phuket

The better question would be why not buy a beachfront condo in Puket? With white sandy beaches, great diving (more divers are PADI certified in Puket than anywhere else in the world) pristine green golf course and the legendary kindness and hospitality of the Thai people, tourism is booming on the island, giving property owners a return of up to 20-50 percent a year in key areas (see the Phuket Property Research Report). You’ll get your own condo in an area of the world that is just as awe-inspiring and beautiful as the Caribbean or the Mediterranean, but at a mere fraction of the price.

But Why Not a Beach House?

Unfortunately, you legally can’t own a beach house in Puket. Beachfront Property in Thailand can only be owned by Thai locals. The one loophole is that a foreigner can hold up to 49% of the space of the land. This allows you to buy condos and have ownership of a certain percentage of the condominium company and also sell them as if they were common stock in a company, albeit with a little bit more paperwork involved.

How Much Will a Beachfront Condo in Phuket Cost?

Beachside Condos in Phuket Still Under Construction

For a beach condo in Phuket, just like in the USA the price you pay for your property will depend on the location and the type of complex that you decide to buy. While prices are changing all the time, here is a rough guide of what to expect for prices:

Luxury: These are the cream of the crop condos with real oceanfront views – 100,000 THB per square meter or 6.25 million THB for a single room apartment
High End: Still close to the beach, but not the pinnacle of living – 80,000 to 100,000 THB per square meter
Mid-Range: a little further back from the beach, but still great – 80,000 THB per square meter or around 5 million THB for a single room condo

An investment in Phuket beachfront condos is an investment in a growing tourism market that will pay dividends for years to come, regardless of if you are looking to buy the property for your personal use or as an investment. Start searching to find some great deals online today!

Buying Real Estate in Thailand

GuestPoster — Sat, 11 Jun 2011 13:09:04 +0000

Posted in

Thailand, with its pristine beaches, tropical climate, friendly people and dense jungles is a great place for a long term move or as a retirement destination. But the biggest challenge faced by all new expatriates to Thailand is that the Thai government does not allow out-right purchase of property or land by foreigners. Condominiums are the only exceptions, but even in this case, a number of restrictions are applicable.

According to the Thai law, a non-Thai person can own no more than 49% of the land or property on which a house is built. Although not without risk, here are some of the ways in which expats can acquire real estate in Thailand.

Purchasing Condominiums

Beach Condos in Thailand Have The Same Amenities Your Would Expect in America, Including Picture-Perfect Pools

Buying condominiums in Thailand is a much simpler process than buying land or building a house. But you need to be careful and consider a number of things. Buy a condo only if the construction is complete. A number of construction companies have been known to go bankrupt before completing construction. In such cases, your deposit is as good as gone. So it is essential to check the financial status and reliability of the builder before entering into any deal. If you’re in the market for these, Phuket beachfront condos are many times your best option because they are in the most developed tourist market in Thailand and have the best opportunity for resale.

Owning Land

It is possible to buy land in the name of an unconditionally trustworthy person like a spouse or a friend, provided they are Thai nationals. However, even if the land is purchased in the name of a Thai spouse or friend, proof will have to be provided that he/she can afford to make such a purchase and that the funds were not transferred from a foreign country, but came from within Thailand.

Buying a House

Buying a house in Thailand is a risky prospect as non-Thai citizens are not allowed outright purchase of land – ownership only up to 49% is permitted. In case you purchase a house, it is advisable to physically hold the title deed. Using such property as a collateral or borrowing against such property is difficult.

Beach Houses on the Island of Koh Phi Phi

Leasing a House
As outright purchase of land is not possible, acquiring long term lease of a house may be good idea. The maximum lease duration in Thailand is only 30 years, but it is possible to extend it for another 30 years. The lease documents need to be prepared with great care to cover all the essentials and contingencies. They should include the possibility for extension of lease, clause for subletting, provisions in case the lessee dies and in the unlikely event of change in Thai law regarding land ownership by foreigners.

As you can see the rules are many in Thailand, and its always nice to know a little about them when you visit. While the rules may be strict, owning beachfront property in Thailand can be a great investment, both as an investment property and for your own use. For more information about real estate and many other general subjects, please visit here : Thailand rejser

Beachfront Property Thailand

Jack — Tue, 02 Feb 2010 14:12:11 +0000

Posted in Best Beachfront Property Locations, Thailand

Thailand attracts millions of people to the shores of its pristine islands every year, and for good reason. The tropical weather, friendly people, crystal-clear blue waters, abundant coral reefs, and world class beaches where you can pitch your beachfront umbrella and relax seduce many people into staying for longer than their planned vacation. In fact, the Thai embassy in Vientiane, Laos is filled almost every day with foreigners doing visa runs to extend their visit to Thailand past the thirty day they are allowed when they enter the country. If you’ve fallen in love with the country as well and would like to buy some beachfront property in Thailand to come back and visit, your best option is to buy one of the many condominium units that are available in major tourist resorts.

Thai law, like the law in many developing countries, severely restricts the amount of land that foreigners can own in the country. However, while you can own actual pieces of land, what you can own is a beachfront condo. Foreigners are allowed to own condos in Thailand, so long as they don’t own over forty-nine percent of the total building. While you won’t be able to have a home right on the sea, having a condo to visit a few times out of the year, is the next best option. But, before you jump in headfirst, there are a few rules you need to follow to quality for condo ownership.

Private island off Ko Chang, Thailand

The biggest restriction on foreign land ownership is that you need to pay for the land in your foreign currency. This means that you much transfer your foreign currency – not Thai baht – to a bank in Thailand and have it certified before you can pay for the property. There are several steps involved in this process.

First, you must obviously open a bank account with a Thai bank and then transfer funds from your overseas bank into the account that you just created. You then need to obtain a Tor Tor 3 form from the bank to pay for your condo unit. To quality for this form you must transfer over at least the equivalent of $20,000 to your bank account, so make sure your transfer is at least this much. The bank should be able to help you with this process.

Once you have to money transferred over, but before you buy the your dream condo, make sure that the title is clean on the property you’re looking to invest in. Make sure that you are dealing with the actual developer of the property and not someone else and also make sure that the property doesn’t have huge mortgages or outstanding debts against it. Next, you will need to work with the developer to draw up a sales agreement that you both will sign. After this all that’s left is to make the payment in full and then register the sale with the Thai Land Office to transfer the deed to your property.

These are the essential steps in buying a beachfront condo in Thailand, but rules are always subject to change. Make sure that before you enter into any agreements that you consult with local real estate agents and lawyers to make sure that the contracts that you sign are legal and that you are buying property that is actually valuable. A trusted real estate agent will be invaluable in finding your dream Thai beachfront property.