In recent years, Thailand's economy has continued to maintain high growth potential in various fields, including the real estate industry, the real estate market in Thailand's economic growth, combined with the construction of ordinary low-priced commercial housing, geographically advantageous location and the construction of public **** under the auspices of the steady growth of the real estate market, more and more people choose to invest in Thailand's real estate market, the following to learn about investing in Thailand's real estate market, what are the advantages? Why are more and more foreigners choosing to invest in the Thai real estate market?
1, Thai real estate has a permanent property rights
Expats and Thais alike, have the permanent property rights of Thai real estate and can be passed on to the next generation (no inheritance tax), protected by law. In contrast, domestic properties have only 70 years of ownership. This is why you see some of the more congested roads in some cities in Thailand, because the land is private and the government cannot demolish it.
2, Thailand real estate prices compared to domestic more affordable
Chinese housing prices in the international are considered expensive. North to Shenzhen easily unit price of 7, 80,000 / flat, second and third-tier cities have to be 20,000 or 30,000 / flat; and Thailand, Bangkok, Phuket, Pattaya average price of about 15-25,000, Hua Hin, Chiang Mai, Krabi, about 1-20,000, although the two unit price looks as if the difference between the two is not too much, but the unit price of the content contained in the content of the big difference.
-Thai property is well-decorated
The vast majority of condominiums are well-decorated with flooring, bathrooms, toilets, kitchen cabinets, air conditioning, built-in closets and so on, which simply means that you can't move away from the property. Some developers also send refrigerators. You don't have to worry about furniture either, as the developers also offer furniture packages for you to choose from.
Compared to the domestic, spend a couple of million to buy a house, usually have to spend another 20-30% of the price of the home furnishings, the purchase of real estate in Thailand is equivalent to another 20-30% discount.
-The price of a condominium in Thailand does not include the common area
The price of a condominium in Thailand is calculated on the basis of the area utilized, not the common area. Imagine asking a salesperson to take a look at a 2-bedroom, 1-bathroom apartment that is 70 square meters, and then you feel like you're getting a 100-square-meter apartment! Because the sale is for the usable area, your head will not be able to switch over at once. If you have a chance to go to Thailand to step on the ground, you can feel it.
If you calculate by the domestic house about 25% of the common area, this is equivalent to the Thai house price is discounted by another 25%. Taking into account the previous renovation costs, it is equivalent to saving 45-55% of the hidden costs, which makes Thailand's house prices too affordable.
-Supporting facilities are perfect
Pools, gyms, gardens, 24-hour monitoring security systems, 24-hour front desk are basically a must. General parking spaces are not for sale, owners **** use them and they are basically underparked.
-Property management is perfect
Thailand real estate property management is very perfect, and most of the big developers have serviced apartments management company, can be the agent of the rental, management, and other issues, basically, there is a need to respond.
3, closing and holding costs are low
Buying Thai real estate, there is no property tax, the tax is very simple, a *** three kinds of taxes, the transfer tax 2%, the owner and the developer to bear half; special commodities tax of 3.3%, our project by by the developer to bear; stamp duty of 0.5%, our project is also the developer to bear. Now when you buy our project, the only thing that the owner has to bear is the transfer tax of 1%, which is paid at once when you handle the transfer. After getting the house a one-time delivery of the debt service fund, there are monthly property fees, no holding tax, no various miscellaneous items.
4, high rental return
Thailand condominiums average annual rental return of 5%-8% of the price of the house, some places up to 10%. For example, in Phuket, according to the data show that the rental return of 6% -8%, so that less than 12 years of rent can get back the investment capital (rental prices will rise). Moreover, Thai real estate has experienced the financial crisis in 1998, squeezed out the bubble, and is only now slowly recovering to the level of that year, so the development of Thai real estate is healthy.
While Chinese real estate has a high cost of ownership and a low rental return.
First of all you have to believe some of the figures, in 2015 the number of visits to the island Phuket reached 18 million, in 2016 exceeded 20 million visits, and is still increasing every year. Plus Phuket is still accelerating the construction and improvement of its infrastructure, and the new terminal at the airport will receive up to 20 million + visits per year when it opens. With such a large number of tourists, hotel occupancy is not something to worry too much about. Secondly, Rawai Beach is one of the popular big beaches in Phuket, the surrounding facilities are mature and convenient, attracting a large number of tourists to stay in the beach range of hotels Rawai Beach hotels in the off-season occupancy rate of up to 60%, 80-90% in the peak season, the peak season 100%. Occupancy rate is a guarantee of investment returns.
5, Thailand's home prices rose considerably
From the statistics of the past 10 years, Bangkok, Pattaya, Phuket and other central areas of the condominium average annual increase of about 8-10%. Combined with rental returns, the average annual return on investment for condominiums in Thailand is over 12%. Relative to other Southeast Asian countries that have shown good signs of growth in the Thai economy, economists believe that the fundamentals of Thailand's economic recovery prospects remain favorable. Therefore, investing in Thai real estate and with a steady increase in the value of your property is sure to give you a high return on your investment.
7, live in Thailand to go to school convenient
Thailand Bangkok, Chiang Mai, Pattaya, Phuket, Koh Samui, Hua Hin, Krabi and other places have an international school that provides English courses, all foreign professors. With quality education conditions, living in Thailand can solve the problem of children's education.
8. Thailand's medical care is excellent and inexpensive
Thailand has become the world's largest destination for medical treatment, with affordable surgical offers and high quality medical services. 2012 saw 1.28 million expatriates traveling to Thailand for medical tourism and 2013 saw a rise to 1.4 million.
Thailand has more than 400 hospitals providing medical and healthcare services, covering a wide range of medical disciplines and a full range of medical programs. Due to Thailand's high standard of medical technology, doctors are skilled and hospital fees are reasonable. In addition, the wards are clean, hygienic and well-equipped, making patients feel less like being hospitalized and more like being on vacation in a hotel. In addition, there are pharmacies all over the country. Moreover, the ubiquitous 7-11 convenience store usually sells daily over-the-counter medicines, and there are no fake medicines in Thailand.
9. The Land of the Yellow Robed Buddha
Thailand is a country of faith. In terms of social environment, as 95% of Thais are Buddhist, there are 35,772 Buddhist temples and about 268,000 monks in the country***. Thailand's upper class and elite are all Buddhists. Buddhism plays an important role in regulating Thai social life. Anyone who first arrives in Thailand will feel the friendliness of the Thai people, much of which comes from the Buddhist faith.
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