А rental pool is a profit-sharing scheme where the actual rental income is distributed between investors and the management company. The annual rental income from all the apartments in the condominium is pooled into the management company’s account and then distributed according to one of two models during the reporting period
In Thailand, there is no bank mortgage available for non-residents. The only financial institution in Thailand that provides loans for foreigners to purchase property is the MBK Group. However, foreigners can still distribute the payment without a loan, as most developers offer installment plans, with some allowing payments to be spread over a period of up to 5 years after the project is completed. Let's take a closer look at the terms for loans and installment options for foreigners.
In 2024, Russians, along with buyers from China and Western countries, are increasingly investing in Phuket's real estate. In 2022, Russians ranked second in the number of real estate transactions in Thailand. Their interest remains focused on the resort regions, especially Phuket, but their goals have changed: while they used to buy primarily for vacation, now the focus is on investment.
For several decades, Thailand has firmly established itself as a paradise for living and vacationing. Pristine white beaches, the azure waters of the Indian Ocean, lush tropical greenery, and stunning natural landscapes, combined with ancient history and the welcoming nature of locals, provide a striking contrast to the usual life in northern latitudes. As a result, more and more people from Europe, Russia, and the USA choose Thailand as their holiday destination or even for permanent residence every year.
Thailand is deservedly considered one of the best countries in Asia for real estate investment, offering an attractive alternative to Europe and the Middle East. The Thai real estate market provides optimal opportunities for investors seeking balanced returns – neither too risky nor too conservative. It is not a high-stakes game with significant risks, as in some emerging markets, but it also offers better returns than very safe investments. Even funds from Singapore and Hong Kong prefer to invest in projects in Phuket rather than on their own islands. For many investors, Thailand strikes a golden balance between mature markets and developing ones.
Taxes in Thailand for foreigners depend on various factors, such as doing business, generating income in the country, purchasing real estate, and long-term stays.
Thailand's tax system is considered one of the most favorable in Southeast Asia. The tax rates on income, property ownership, and VAT are among the lowest in the region, second only to Singapore.
Koh Samui continues to be one of the most attractive places to live for both tourists and expats. The variety of areas offers something for everyone, depending on their lifestyle and preferences. In this article, we will explore the most popular areas of Samui for living and leisure in 2024.
In Q3 2024, Russian interest in foreign real estate saw a slight decline, down by 0.6% compared to the previous year. For the first nine months of this year, overall demand cooled by 8.2% year-over-year.