One interrogate we are enduringly asked is if you have to acquire permission from the government before purchasing property. To buy a condo or apartment in Thailand is very easy if you're a non-Thai. Most projects have a 51%-49% rights rule. If the construction is over 51% Thai owned, a foreigner can purchase and own the condo or apartment freehold. If not, you must purchase the apartment as a 30 year lease. Check with the local land office before you purchase if you are unsure about the title deed.
Buying direct from the developer has several advantages: you will get to see a range of properties in Thailand that suit your requirements; you have the advantage of many years experience, as well as a English speaking office to retain you in your home country; it may help eliminate any possible misunderstandings; and it helps takes away the stress related with purchasing in Thailand or abroad.
Go To Thailand
Transactions and payments are simply made by wiring from you home bank account. It's always great to let the Thai banks turn your money in Thailand then to let you home bank to turn it to Baht before you wire. This tip along can save you thousands of dollars when you go to wire a large amount. Some developers can "lock in" a rate for you before you wire. Make sure you can spin with your agent by Msn chat, Skype or text message in case you have any last petite questions while at the bank.
The Thai currency principles is based on the decimal system. One That Baht is divided into 100 satangs. Coins range in value from ten baht to 25 satangs and six bank notes are in circulation: 10, 20, 50,100,500 and 1000. always keep lots of small bills as it's a big jump in the middle of 100 baht and 500 or a 1000. Most road vendors and taxis can't make turn for 1000 baht.
Go To Thailand
Personal effects, household goods and furniture may be imported duty free. There is very high duty on importing a car. I believe with the hassle of dealing with Thai customs it's great to buy what you need inside of Thailand and leave most of your personal effects at home.
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Secrets To Buying Thailand Condominiums
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