Buying property in Thailand is a daunting prospect, but one that can be made easier with the support of an experienced real estate agent. Particularly one who is a native English speaker and understands the difficulties which you are facing with regards to language barriers, different regulations and even different land measurements.
Buying land in Thailand has long since been a controversial topic and many people choose to put the land into a Thai persons’ name. If you choose to purchase your property in this way then you should always ensure that you have a lease drawn up in order to protect your investment.
There are many horror stories about people losing their money through not taking the proper precautions and trusting the wrong people, buying your property through a company such as East Coast Real Estate can help to put your mind at rest as not only do they help you to find the house of your dreams, they can advise you on the best ways of protecting your assets.
If you have a limited company then you can always consider putting your property into a company name, however Thai authorities are cracking down on people creating companies purely for the purpose of buying property.
If you are considering spending the foreseeable future in Thailand then it may well be worth buying your own property as paying rent of 20,000 baht per month over five years would cost you 1,200,000 baht and ten years would cost you 2,400,000. Some modest properties can be bought for just over 1,000,000 so if you have the cash available then buying maybe your best option.
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