Property in Thailand. Prices for real estate in Thailand
Thailand attracts many tourists with its perfect climate and temperatures never lower than +25°C. These as are clean and brimming with fresh seafood. The land is teaming with fresh ripe fruit, locals are friendly and the country’s history and culture are rich and ancient. Property in Thailand has been enjoying growing demand over the last decade.
Buyers and tourists especially favour resorts in Pattaya and the Thai islands of Phuket and Samui.
The buying prices of properties in Thailand start from $50,000–60,000. This price can get a furnished apartment of 35–40 sq m with a shared pool near the beach in a residential complex in Pattaya. Similar flats in Phuket sell for at least $100,000–150,000 as Phuket, unlike the mainland, has limited area suitable for development and is a more popular vacation retreat. Buying prices for villas and houses of 80–100 sq m in Pattaya and Phuket cost $100,000–150,000 and $180,000–200,000 respectively. $300,000 or more can buy a three-bedroom mansion with a private pool near the beach. Sales prices of prime property start at $500,000.
Foreign citizens are often interested in learning how to purchase real estate in Thailand: properties can be purchased with ownership rights whereas the land is only available for long-term lease rather than for sale. Both transactions can be made in the name of individuals or legal entities. Mortgages are not granted to non-residents.