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.
Currently, a growing number of Russians are looking to sell their properties in Russia and purchase real estate in Thailand. In 2022, Thailand became one of the top 10 countries where Russians prefer to buy property. The Kingdom is not among the most expensive countries for purchasing homes, which attracts many expatriates. Moreover, the Thai government has not imposed any sanctions on Russians, making the process of buying property relatively straightforward.
Thailand consistently ranks in the top 5 destinations for foreigners. While it may not always appear as a prime investment option, it remains in the top 10 regions for foreign investors. If you're considering investing in high-yield properties in Thailand, it's essential to understand how it differs from real estate in other parts of the world before making a purchase.
In 2023, anyone can purchase real estate in Thailand even without being physically present in the country. In this article, you will learn about the process of buying property online, from selecting a unit to obtaining the ownership documents.
Many immigrants and investors interested in purchasing property in Thailand are drawn to Phuket, the country's largest island. Over 50% of the island is covered with scenic hills and jungles, featuring an abundance of mangroves, coconut palms, and beautiful beaches. Phuket offers a comfortable living environment for all, whether young people, families with children, or seniors. The island is equipped with essential infrastructure, including schools, universities, hospitals, markets, shops, shopping centers, and entertainment options to suit everyone’s tastes. Currently, there are several options for buying property in Phuket, including installment plans. This article explains the details.
Many foreigners are drawn to Southeast Asia and dream of settling down in Thailand. However, purchasing property in Thailand raises many questions. Here, we will address the top ten most frequently asked questions by property buyers.