Is this an opportune moment to invest in stocks? What's the expected recovery timeline? I understand that many people believe equities are currently undervalued. However, there are strategies in play in this market that aren't easily accessible to the average person. Should I consider alternative investment options that may be more suitable for me?
This was very helpful in understanding the details one needs to look into before buying a property which I am quite interested in. One point I noticed which the lawyer spoke about was the there is a difference between some laws with regards to Condos and Apartment. Would really help if there was a video on the difference and the pros and cons of an Apartment vis a vis a Condo. But thanks for this video. Cheers 👍
The main difference between a condominium and an apartment lies in ownership. Condominiums are registered and licensed with the Department of Lands and offer full ownership to individuals, while apartment buildings are leasehold properties
Thanks for the video. It's really helpful! Although the final down payment would depend on the negotiated price, do you have a possible range for the percentage? The video also did not mention the mortgage interest rate for foreigners, which would highly impact the investment return.
Great Video! Question, I have been watching other RU-vid videos about buying a condo in Thailand and in one video the real estate agent was saying the cost of a condo was more expensive for a foreigner. She was showing 2 condos and quoting the Thai price and the Foreigner price for each condo. The foreigner price was much higher. If memory serves me correct, they were 300k baht more. Hope you make a follow-up video with this lawyer on opening a business in Thailand (specifically restaurants). The last video was the most informative video I've seen on this topic. Great job! Thank you 😊🙏
THank you for your feedback!! I believe Condo Price determined by the market price only and not really have much in common if the buyer is foreigner or thai. I''ll try to make the video with a lawyer about opening a restaurant in Thailand
I thought to buy a condo in Thailand, the retired foreigner MUST have an income (passive) of 35K per year. This is what is stated on Thailand's official website...!
I think the response is abit misleading when it comes “down payment” questionc as my understanding is that foreigners as individual buyers have very limited options on financing via mortgage. Would be helpful if you did a segment addressing the financing options for foreigners when it comes to real estate.
Condominiums are governed by the Condominium Act in Thailand, and each unit should have its own separate title deed registered at the local land office. These title deeds will clearly indicate that the property is a condominium unit. Apartments are generally not issued individual title deeds for each unit. Instead, the owner of the building holds the title deed for the entire property.
I'm a little confused. If I purchase property in Thailand then am I able to stay in the country automatically? Can they put me out while I own property then denying me use of said property? Also, is their a property amount limit that may be considered too low for any benefits that goes along with property ownership?
Great video! Very informative. I might actually buy a condo in Bangkok to rent out now. But, I would love to also know about the process of buying a house (if it’s possible for foreigners). Can’t believe no taxes?!
There are thousands of empty condominiums in Thailand. In Thailand you never really know what is going to happen next. There is a long history of government coups where the military takes over and restructures the government. Business changes consistently and finding a condo that will remain in a quiet and comfortable location can be very difficult. I choose to rent because I can move my location anywhere in the country at the end of my lease. Most rentals come fully furnished and are easily accessible. Trusting foreign banking institutions can be very nerve racking and understanding the Thai real estate market is even more difficult being a foreigner. You may own it but do not have any control over the development of the management in your investment. I like Thailand for the freedom the country offers to go anywhere and do anything I like as long as you abide by the rules and laws of the country. I don't see any reason to become stuck in any one part of such a beautiful country. People change, places change and having the ability to move around becomes very restricted when purchasing a condo in Thailand. Each to their own but personally I will never buy a condo here.
One of the conditions of buying an apartment under foreign ownership is that all funds must originate from outside Thailand. Most buyers send payment from their bank accounts in their home country by making an international wire transfer directly into the account of the developer. It does not matter which currency funds are sent in as they will be converted to Thai Baht upon arrival in the country. I also know that people send money through Wise Transfers(even big amounts by parts) bit.ly/3fUgmL5 It is also possible for foreigners to open bank accounts in Thailand. If you would prefer to deposit funds into a Thai bank account first, you will need the bank to arrange a document providing that the funds originated from outside the country and that they are being used for the purchase of the real estate.
@@THAILANDEASY_ If re-sale, you only need portion of fund to transfer to a Thai bank; This is because the original foreigner owner already established the condo in foreign quota by paying all funds to the developer in Thai bank. For re-sale, a portion of funds will do and the rest can be paid directly to the foreign bank of the seller if that is what the seller prefers.
Thanks for the information about condominium i will like to know more about apartments with no swimming pool or gym, i guess the price most be cheaper and i wonder why i dont see videos about apartment on sale in pattaya, bangkok or chiang mai even other province like kalasin, khon kaen, samut prakan or others.
Not sure why this would help. The price is determined by numerous various factors and maintenance fees could be dramatically different from one to another
Quick question some condos are listed as freehold, but I thought they are leased for 30 years that can be extended? We are looking to buy, we are a married foreign couple.
If you are from US and you own a condo in Thailand are you subject to any tax in the US or did he mean Thailand? I guess what I am wondering if is US is aware that you own property outside of the country and are they able to take it from you let's say if you default?
If you own property in Thailand and you default on any financial obligations related to that property (such as a mortgage or taxes), the Thai legal system, not the U.S. government, would typically handle the situation. The U.S. government does not have direct jurisdiction over property in Thailand.
Hello, I am moving to Rayong in January, I definitely want to build a custom home, and based on your information I have a question if this would work. 1. start a company with two Thai residence, one with 25 percent and one with 26 percent, with myself owning 49 percent, as majority owner I would be the only one with decision making responsibilities. 2. purchase the property with the company. 3. lease the property to my personal entity with no sell, no finance clauses. for maximum years 30 or 99 years with another clause to renew. would that work and would that give me control of the property effectively with my lifetime. ?
Maybe I missed something. Is he saying that only 49% of the condos can be owned by various foreigners or a single owner? Meaning if I want to buy a condo and it's 49% owned by Foreigners, I'm out of luck?
If there are 100 units in an apartment complex, you can only own 49 units out of 100, 49%. Whether you own 1 or all 49 units as a foreigner, the other 51 units will be owned by Thai citizens. If 49 of the units in that specific apartment complex are already owned by foreigners then you can not buy in that complex unless one of those foreigners sell to you.
@@THAILANDEASY_ HEY DO YOU THINK YOU CAN SHOOT ME THAT LAWYER YOU'RE USING? I'M LOOKING TO BUY A CONDO/HOUSE AND I WAS TOLD COUNSEL WOULD BE A GOOD IDEA...(IN PATTAYA)
There’s only one thing to know- never buy real estate in Thailand . If you do it won’t be long before structural flaws start to appear - from leaking windows and plumbing nightmares to gaps and failures in addressing proper common area maintenance and repairs .
there is a great project building now - the biggest on the island since 10 years. I've made a video with them already, they finish next year: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-PfA1maxywT8.html you can leave your details so they contact you directly forms.gle/EA4KpfSyENAiw2JJA
In a condo project, only 49% of the total units in that project can be owned by foreigners. The rest of 51% units are reserved for Thai citizens. Everyone has 100% ownership of their investment. Many condos have Chinese owners and sit vacant for long periods of time. Not easy to rent out quickly, perhaps.
I buy one apartment in pattaya. Was big fuck up. I regret it. Try to sell it. Never got my money back. Finally lost big money. I sell it for very cheap. I will only rent. Why why why I buy it. Big regret.
You wire the money to us, then you buy a Condo which is very expencive, but we'll allow you to own only 49% of what you buy. Someone understand something here ?
If you set up a Thai company you can only own 49% of that company, so you will only own 49% of the Condo if you buy it with a company, then your Thai partner can sell it without any input from you and disappear with the money, leaving you out in the cold and broke, just buy in your own name.
Bought and sold several for a profit and live in a condo I own. Idiots trying to give advice on topics they know very little about and have zero experience with.
Why on earth you want to buy a condo in Thailand? You only own 49% of the condo. So crazy, better invest in cryto than buy a condo. please do not buy property or land in Thailand. there are thousand better things on earth to invest. you will agree and thanks me later.
