Investment Insights

Why Should You Invest in Thai Property?

BY Bridge Estate

Thailand has long been known for its pristine beaches, limitless shopping opportunities and rich culture and heritage – a true tourist haven for one and all. In recent decades however, it has also proven itself to be a prominent investment hub in Southeast Asia, rising through the ranks and giving fierce competition to established economies like Singapore and Malaysia. Its fast-growing and promising economy has attracted large amounts of foreign investment, especially in its real estate industry.

We take a look at the top reasons to invest in Thai property, and how a foreigner can do so.

Location

Thailand is strategically located in the heart of Southeast Asia, creating a plethora of business and trade opportunities with major economies in the region, such as China, India and the rest of ASEAN. With its world-class transport infrastructure, Thailand serves as a gateway connecting ASEAN to the rest of Asia and beyond.

Expat-friendly Economy

As Thailand’s economy is still in its fast-growth stage, it is welcoming foreigners to complement its growing local talent pool, as a way to increase its human capital. As part of its Thailand 4.0 initiatives to create a value-based economy, the Thai government has introduced expat-friendly visas such as the Smart Visa and the Elite Visa to attract top talent from all over the world.

Friendly Tax Structure

Thailand is very welcoming towards foreign investments, with investors incurring lower property taxes in Thailand compared to other countries in the region and around the world. Transfer fees and other related costs are only at 1-3% of the total property price, with stamp duty being exempted in certain cases.

Thailand’s competitive tax structure is further complemented by the relative ease in which overseas investors can sell their homes – there are no minimum investment periods or restrictions placed on who the homes can be sold to.

How can foreigners buy Thai Property?

Condominiums are the most popular property type that foreigners investors purchase. In Thailand, foreigners are allowed to purchase and own up to 49% of the total number of units in freehold condominiums. Overseas investors will be able to own the property in their own names and have 100% ownership of the property upon purchase.

Foreign investors looking to own single houses, townhouses and villas (which require the ownership of the land the houses are situated on) in Thailand can purchase them as leasehold properties.

Thailand and its people have proven themselves to be extremely resilient even in the face of global economic slowdown, and there is no better time to invest in Thailand and its great potential.

Speak to our agents to find out how you can invest in Thai property today.

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