While Thailand may be better known as something of a backpacker’s destination, its breathtaking scenery, glorious white beaches and warm seas are attracting increasing numbers of foreign second homeowners.
It is not hard to see why people are drawn to this fascinating and beautiful country. Its beaches, mountains and rolling countryside are exotic and wonderfully relaxing. The food is exquisite and fresh, the people the friendliest you will ever meet. Thai temples contrast with sprawling markets and deserted islands are within easy reach of bustling cities.
Thailand is a diverse country, and whether you are looking for a serene island getaway or a crash pad in the midst of all the action of Bangkok, there are properties available that will provide a good rental income too.
The best rental markets tend to be found in the popular tourist areas of Bangkok and Phuket, but good money can also be made from investing in property that appeals to those looking for a remote getaway. Thailand’s mainland is surrounded by idyllic islands, with warm seas and soft white sands, and development in these areas is on the increase.
Before making any purchases or investments in Thailand, it is important to note that foreigners cannot own land in the country unless they go down one of two routes. The first is to purchase property through a company, which is reasonably easy and inexpensive (around £1000) to set up.
The second option is to purchase through a leasehold agreement, applying for a standard leasehold and then increasing your lease by thirty years at a time until totalling an agreement of ninety years. Any good agent will be able to help you through the leasehold process, which costs around £1500 to carry out.
source – www.sfgate.com