Phuket is one of Thailand’s main tourist destinations. Investors from all over the world put their funds into the island's infrastructure development. However, Phuket does not only attract prominent entrepreneurs: investors with modest budgets can also make money on local real estate. Tranio partner, the Phuket9 development company, explains how.
To buy property in Thailand, you need a passport. If the property is registered to a legal entity, additional documents are required including a copy of the certificate of incorporation, memorandum of association, certificate of registration, list of shareholders and power of attorney (upon request).
The Kingdom of Thailand is popular with tourists from all over the globe as well as downshifters looking to escape the expensive and humdrum life in the West and money-savvy pensioners.
Maintenance costs on a flat in a resort complex amount to about $1,400 per year. The exact sum depends on the living space, amount of energy used and the length of time spent there.
"Thai banks do not provide mortgage loans to non-residents. What’s more, foreign nationals can´t get a bank loan for any purpose. There is only one legal way for them to finance their property purchases in the country, which is through the MBK Group," said Nikita Shcherbina, Director of the East-West Realtors Group, Tranio's partner in Thailand.
Taxes for property buyers and owners in Thailand are low in comparison to many Western countries.
Amid economic sanctions and a volatile ruble, Russian spending habits have changed markedly in recent years. But how have these issues impacted spending among foreign property investors from Russia and the CIS? To get to the bottom of this, Tranio.com has conducted its sixth annual survey.
Learn all about which countries in 2016 best beckon and beguile British pensioners.
Modern shopping malls have evolved into something far bigger than just retail centres. Some of them even give guests a chance to go skiing or take a submarine ride.
Among the millions of skyscrapers around the world, there are some truly unique works of art including malls that look like flying saucers, shoes and even a waterfall.
Despite the economic downturn in Russia, overseas property is still popular. This article by Yulia Guschina explores where and why Russians were buying in 2015.
Russian buyers still dream of a second home overseas. Read on to discover the country’s top 10 locations in 2015.
Countries with lower property prices sell more to
Buyers often wonder whether real estate agents are necessary when buying property. At Tranio, we truly believe they are. Read on to find out why.
Russian and CIS property transactions abroad are declining but demand for commercial property is picking up the slack.
Russia’s recession has hurt foreign investments, but it has not affected their buying habits as buyers continue to seek out luxury residential property abroad.