We have answered the most frequently asked questions, including the cost of buying an apartment in Thailand, contracts, price ranges and the most frequently asked questions.
The cost of buying an apartment in Thailand varies depending on the location and features of the apartment. However, an average apartment generally costs between THB 2,000,000 and THB 8,000,000 depending on the city, location and other features of the apartment.
Yes. Foreign property owners can have 100% ownership in an apartment in Thailand. This subject is defined under the “Government of Thailand – Foreign Ownership” Condominium Housing Act, B.E 2522”. You can read all the details about this subject in our content “Buying Real Estate in Thailand: Condo Purchase Procedures for Foregn Investors”.
When buying an apartment, you should pay attention to factors such as location, construction quality, project management, delivery date and legality of the property. It is also important to carefully review the title deed and ownership documents. But don't worry, World of Condos is here to help you with this.
The most popular real estate investment areas in Thailand include Bangkok, Phuket, Pattaya and Chiang Mai. These areas are notable for their high rental yields and suitability for foreign investments.
When buying an apartment, there will be additional costs such as the title deed fee (2%), transfer fee (1%) and transaction expenses. However, in some cases, if a one-sided payment is made (50%-50% when the landlord and the buyer are not paid), it can reach 5%. You should plan your budget by taking these costs into account.
Rental apartment prices in Thailand vary depending on the location. The average apartment rent in Bangkok ranges from 10,000 THB to 40,000 THB, while in Phuket it ranges from 15,000 THB to 50,000 THB. Have you reviewed our rental apartments? Click for World of Condos Rental apartments.
Steps such as property selection, making an offer, signing a contract and title deed transfer are followed. At World of Condos, we follow your entire legal process with our lawyers and expert team.
No, there is no special permit required for foreigners to buy an apartment in Thailand. However, it is important to comply with property regulations and provide the necessary documents. Remember, all apartments offered for sale on the World of Condos website include Freehold and 100% Foreign Ownership rights.
The return on investment period for buying an apartment in Thailand usually varies between 5 and 12 years. However, this period depends on factors such as the location of the property, market conditions and rental income. While you can earn a return on investment in 10 years with a long-term rental, you can shorten this period to 5 or 6 years with a short-term rental.