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What is the interest rate for a house purchase loan in Thailand?

Thailand law does not allow foreigners to buy land and freehold villas, so foreigners can only buy apartments. Most of the off-plan apartments are finely decorated, equipped with floors, bathrooms, toilets, kitchen cabinets, air conditioners, built-in wardrobes, etc., which is quite convenient. Moreover, the area of ??Thai apartments is the actual area. Unlike domestic residences, which contain about 25% of the shared area, Thai real estate is equivalent to a 25% discount in terms of area. But after buying a house, you need to pay certain taxes and fees. The first is the transfer tax of 2%; the second is that if the transaction is completed within five years, a special commercial tax of 3.3% is required (the owner is exempted from paying if he has held the property for more than 5 years). There is also a 0.5% stamp duty paid by the house transferor. The most important thing is that since May 1, 2017, Chinese banks can no longer provide loan services to Chinese home buyers. Therefore, you cannot get a loan to buy a house in Thailand and you need to pay in full. A friend of the webmaster, Ou William, bought a house of about 50 square meters in Hua Hin, Thailand. There is a long sea view and the scenery is very good. And the price is relatively cheap, equivalent to RMB 15,000 to RMB 20,000 per square meter. Compared with the domestic real estate area calculation method, a house of 50 square meters in Thailand is equivalent to a house of 70 square meters in China.