Purchase Thailand Condos for Investment
Real Estate investment is one of the best ways to invest money in the world. Most all properties, both residential and commercial will appreciate in value each and every year sometimes well into the 2 digit percentages. So this can make property one of the best investments that you can do.
Many savvy property investors choose condos for property investment as they offer a great vacation property along with great rental opportunities, and if in a well chosen location, a solid return on investment can be had whenever the property is sold.
There are many things to research and consider before investing in a condominium such as the location, age of the property, maintenance fees, and how the project developers are talking care of the building and grounds. Along with all these facts you should check of the surrounding area to see what it has to offer in the ways of entertainment, food, safety of the locality, and current property market prices. If you are planning for a long term investment in a condo property then it is very important to analyze the age of the condo project along with local surroundings and how well the developers are maintaining the condo. This can all have a big impact on your return on investment.
There are many countries that offer condos that are
available for purchase by foreigners and in some countries there are great
values to be had on many beach front or Mountain View condos. These can be
great investments but require greater in depth research into the legalities of
foreign ownership and in-depth research into the developers of the project.
The country of Thailand will only allow 49% of total units to be available for foreign ownership due to their strict rules of no foreign land ownership, this can make investment in a condo a very good option if you can get into the 49% allotment as then you can later sell it to another foreigner or a Thai citizen. When looking into foreign countries for purchase, potential buyers should be extremely cautious and check all rules and regulations before purchase. Make sure before considering purchase to check if you can get into the 49% allotment and therefore have the title 100% in your own name. If not, it would be wise to keep on looking. Some less reputable sales people will try to talk buyers into forming a company or to use a Thai nominee to purchase if they are over the 49%, both options are illegal by Thai law and if you take that chance your name will NOT be on the title and perhaps you will lose your investment. So no matter what, make sure that when you go to the Land Office to transfer the title that it is in your own name 100% and then you will be legal and no one can take it from you.
Also Real Estate investors should be very wary of purchasing a condo off plan as there are possibilities of the developers going bankrupt and never finishing the project. You should investigate the developer’s current and past projects and also get the services of a reputable lawyer to do all required paperwork for you and to help with the research of the developer to protect your investment.
In summary, if you do proper research into a condo purchase it can be a sound investment providing you with an excellent return in possible rentals or in a final sale not to mention a great place to enjoy a vacation in different parts of your country or in other exotic overseas paradises.