In addition, project investment in apartment buildings in Thailand is usually good news for developers to promise to rent. Developers of serviced apartments in Bangkok and Pattaya often sign lease agreements with buyers for 5- 10 years, and the promised annualized rate of return generally ranges from 5%- 10%.
Thailand's housing prices have been steadily rising. In a word, the return on investment of real estate in Thailand's core cities is growing steadily, which makes many international buyers flock to the market, and they either regard these properties as their second hometown for overseas holidays; Or it can be used to collect the rent for project investment, and the rent can be used to offset the supply and quickly recover the investment cost.
According to the previous statistics of 10, the average annual increase of apartment buildings in central areas such as Bangkok and Pattaya is about 8- 10%. Thailand's housing prices are still at a low point, and there is still abundant potential for the growth and development of project investment in low-value areas.
What is the process of buying a house in Thailand? 1, see the house and buy a house
When new investors who come to Thailand for the first time or have no energy to think just start to contact the real estate industry in Thailand, I suggest you find an experienced real estate seller. Real estate sellers are very familiar with the local sales market and have a very clear understanding of real estate prices. A more reliable real estate seller can not only help you do market research and analysis, but also introduce you to more suitable real estate. Real estate sales can also help you a lot in many aspects, such as going through the formalities, going through the formalities after bidding, renting a house and so on.
Step 2 buy a house
Generally speaking, there are three types of houses to choose from, as follows:
(1) New house: Before booking the house, there is also a payment statistics table in the quotation sheet for viewing the house. You can sign a hotel reservation contract, no objection.
(2) Untransferred first-hand houses: This should be communicated with the landlord, and then the two parties to the transaction sign a house purchase contract, and at the same time, they need to pay part of the advance payment to the landlord, and then they can sign a name change agreement with the developer.
(3) Second-hand house: After communicating with the landlord, you can sign a house purchase contract.
3. Open a bank account
(1) new house. You need to bring your passport and visa, and you need to have a house purchase contract to open an account in the bank.
(2) the first-hand house that has not been transferred. Bring your passport and name change agreement, as well as the contract between the landlord and the developer, and open an account in the bank.
(3) second-hand houses. Go to the bank to open an account with your personal passport and visa and the purchase contract.
Step 4 remit money
(1) Remittance: Remittance from China to Thailand is also limited, and it is controlled at USD 50,000 per year. If the purchase amount is higher than 50,000, you must ask relatives and friends for help. Write down the apartment building in Bangkok when you remit money. Otherwise, the remittance purpose cannot be marked as house purchase. You can also negotiate with Thai financial institutions in advance until you apply for confirmation of overseas remittance and write a confirmation letter of change of use.
(2) Cash check: After the funds are in place, you can write a check at the bank counter. If it is a first-hand house, the payee of the bank draft is marked as the name of the developer company. Note that some new buildings only need a cash check, including the purchase price and property management fee; Some new real estate developers and property companies, as two enterprises, have to pay part of the house price and part of the property management fee respectively, so they need two cash checks. If it is a second-hand house, write the name of the original owner.
(3) Confirmation of overseas remittance: If the purchase amount exceeds USD 50,000, the bank needs to open a ForeignExchangeTransactionForm to confirm the "foreign exchange transaction form". This overseas remittance certificate is required by the Ministry of Land and Resources when transferring property rights, and its function is to prove that your own funds are ok. Therefore, some customers have a certain amount of Thai baht in their own Thailand, or bring cash from China to Thailand in exchange for about Thai baht, which cannot be transferred in the Ministry of Land and Resources and cannot be used as the purchase price.
5, nursing ward round
The first is to check the specific situation of the house with the previous design and service commitment of the developer, otherwise the developer must bear it;
The second is furniture, interior decoration and other issues.
6. Transfer of property rights
When handling the property right transfer transaction in the Land Bureau, both parties agree on the time, and then look at the Thai title certificate written in Thai. The front is the detailed address, building, area and graphic design of the relevant house, and the back is the data of the property term holder, including the data of the previous holder.