What are the requirements for buying a house in Thailand?
In fact, there is only one fundamental condition, that is, money. Because buying a house in Thailand requires going abroad, you need a passport to apply for a visa. Then go to Thailand to see the house.
It should be noted that Thailand has a policy on foreigners buying houses:
1. Non-Thai nationals can't buy Thai land, that is, foreigners can't use land to buy permanent real estate buildings, especially villas.
Foreigners can buy as many apartments as they want, and they have permanent property rights. The only restriction is that 5 1% of the entire apartment building must be in the hands of Thai citizens, and foreigners can buy up to 49% of the apartment.
Foreigners can also buy villas or land in Thailand and have permanent property rights, but they must register Thai companies. It only takes 7 days to register a company in Thailand, and the cost is low. Generally, there is no need for actual operation, and only a little low company reimbursement fee is required every year.
Foreigners can borrow money to buy a house in Thailand. The down payment is calculated according to the house price or valuation, usually 30%. But the interest rate is higher, about 5%.
Take the loan from China Bank as an example. To buy a house in Thailand, you need to meet the following conditions:
The currency of loan and repayment: Singapore dollar, so RMB cannot be settled directly in Thailand at present, and Thai baht or other foreign currencies are needed.
Loan ratio: For customers working in Thailand, the loan ratio can reach 70%. For customers who do not work in Thailand, the loan ratio can reach 55%.
Loan term: generally, it is 10 year, and the longest is 20 years (the customer is not over 65 years old). According to the different assets held by different investors, banks will lend according to the actual situation of investors, so it is best to provide perfect information when providing information.
Qualification: Non-Thai resident, aged 2 1-65 years old. The applicant's age and loan period shall not exceed 65 years old. Good credit.
Property Requirements: The purchased property belongs to the category that foreigners can buy according to Thai laws (such as foreign property apartments), and is located in Greater Bangkok, Chiang Mai, Phuket, Koh Samui, Hua Hin, Pattaya and other places.
Loan interest: 2 million-8 million baht: 5.25% in the first two years, 8 million-20 million baht: 5.75% in the first two years and 6.20% in the third year.
Is it risky to invest in real estate (apartment) in Thailand?
1, Thai locals began to invest in buying apartments for investment and rental; Thailand's apartment market continues to grow in demand and supply.
The Thai government is making great efforts to build transportation infrastructure. With the development of economy and the increase of investors, Thailand's real estate economy will grow steadily.
3. ASEAN open countries 10. As an axis country of ASEAN with 10 countries, Thailand has attracted many investors to invest in Thailand. Housing prices in Bangkok and Phuket are still cheaper than those in other big Asian cities. Living facilities are complete and the degree of internationalization is high.
4. The purchase area is the usable area, and there is no pool area fee; Simple transfer procedures; Flexible transactions can be resold or sublet at any time.
To buy a house in Thailand, you can only get the real estate license if you transfer the existing house in the Thai land department and submit complete materials; The validity period depends on the nature of the purchased property to determine whether the property ownership certificate is permanent or non-permanent.
If you want to invest in Thailand, Bangkok is the first choice. There are always many migrants, whether Thais or foreigners, who will go to the center of a country, whether they live or rent. At this time, the house in Bangkok became just needed. According to the survey, the resident population in Bangkok is increasing day by day (the resident population is about 1 1 ten thousand, accounting for 1/6 of the total population in Bangkok). Moreover, Thailand is a veritable tourist country, with a steady stream of foreign tourists all year round.
House prices in Thailand are also rising year by year, about 12% ~ 15%. Location is very important for investing in real estate. In addition, Bangkok has excellent education conditions, perfect medical level, moderate price and complete surrounding facilities. It can be seen that these value-added services also represent a trend of healthy development of Thai real estate.
From a macro point of view, Thailand's housing prices are relatively low compared with those in the Asia-Pacific region, not reaching 1/3 in the north, Guangzhou and Shenzhen, but the rent is as high as three times. Houses in Bangkok can get higher rental yield and room for property appreciation.