Thailand apartments for sale
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Rental income of up to 12% per annum in Thailand
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Investments from $100,000 in new construction
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Resort property by the sea
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Remote transaction with direct payment from Russia
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Thai Elite Visa can be obtained
Phuket real estate developers directory
We have selected the most reputable and experienced developers in Phuket with promising projects
Tranio Global Real Estate
Lagoon Plaza, 21/6 Lagoon Rd, Cherngtalay Thalang Choeng Thale, Thalang District, Phuket 83110, Thailand
Tranio Global Real Estate
Ohmydesk Business Center, Al Fattan Downtown, 32d St, 103-104, Al Satwa Dubai, UAE
Tranio Global Real Estate
67 Jl Bypass Ngurah Rai Br Kerthayasa, Bali, Kuta Badung, 80361
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Types of property ownership in Thailand: freehold and leasehold
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To provide you with a rough estimate, in popular cities, the average monthly rent for a basic one-bedroom apartment can range from 8,000 to 25,000 Thai Baht (THB), which is approximately $250 to $800 USD. Larger and more luxurious apartments or those in prime locations can cost significantly more, ranging from 30,000 to 100,000 THB ($950 to $3,200 USD) per month or even higher.
To qualify for freehold ownership of an apartment in Thailand, the following criteria must be met:
- The condominium project must be registered under the Condominium Act.
- The total number of foreign-owned units in the condominium must not exceed 49% of the total sellable area.
- The funds used for purchasing the apartment must be brought into Thailand in foreign currency.
- The purchaser must obtain a Foreign Exchange Transaction Form (FETF) from a Thai bank to prove that the transaction is conducted with foreign currency.
- It's important to note that these regulations apply specifically to apartments in condominium buildings and not to other types of property, such as houses or land. Additionally, each condominium project may have its own specific rules and regulations regarding foreign ownership, so it's advisable to consult with a qualified lawyer or real estate professional to ensure compliance with all legal requirements.
Furthermore, leasehold agreements are another option for foreigners who wish to own property in Thailand. Under a leasehold agreement, a foreigner can lease land or property for a specified period, typically up to 30 years, with options for renewal. While the property is not owned outright, the leasehold agreement provides long-term control and usage rights.
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Euronews Source
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ekathimerini.com
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Issuu
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Mansion Global
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The Portugal News
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The Spaces
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BasNews
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The European Times
Thailand has become a popular destination for expats and investors alike due to its warm climate, beautiful beaches, and rich culture. However, with the rise in popularity comes a rise in property prices, particularly in the capital city of Bangkok.
Apartment prices in Thailand vary widely depending on the location, size, and amenities of the property. In Bangkok, the average price per square meter for a standard apartment is around ฿80,000 to ฿100,000, which is equivalent to approximately $2,400 to $3,000 USD per square meter. The cost of living in Bangkok is also higher than in other parts of Thailand, which can contribute to the higher property prices.
In other popular cities like Chiang Mai and Phuket, apartment prices are generally lower, with an average price per square meter ranging from ฿30,000 to ฿50,000 (approximately $900 to $1,500 USD). However, prices can still vary greatly depending on the location and quality of the apartment.
It's worth noting that rental prices in Thailand are also on the rise, with landlords capitalizing on the high demand for property. In Bangkok, the average monthly rent for a one-bedroom apartment in the city center is around ฿15,000 to ฿20,000 (approximately $450 to $600 USD), while a three-bedroom apartment can cost anywhere from ฿40,000 to ฿60,000 (approximately $1,200 to $1,800 USD) per month.
Overall, apartment prices in Thailand are increasing, particularly in popular areas like Bangkok. However, with careful research and the help of a reputable real estate agent, it's still possible to find affordable and high-quality apartments in Thailand.