BUYING PROPERTY IN THAILAND

Buying condominiums

Condominiums are very very popular in Thailand right now. Those in top locations, commanding both premium prices and demand.

Sukhumvit Road and Phuket property are very popular. Prices are high (in comparison), but that's what you pay for your lifestyle in paradise!

Pattaya is very popular with some real bargains available there right now. Hua Hin, Chiang Mai, Samui, Phangan and Chang islands are all growing rapidly with some fantastic bargains available if you snap them up now! In fact, no matter what you are looking for, we have it.

And if we don't, we can find it for you! Contact i-World Property and let up get to work to find that ideal property. Our sales team and our agents throughout Thailand will do the hard work FOR YOU!

Buying your condo in Thailand

A foreigner buying a condo must transfer funds in foreign currency from a bank account outside Thailand to an account at a Thai bank. The name of the transferee must be the same as the name that will appear on the final purchase contract, ie. the buyer. Use Bangkok Bank, Kasikorn Bank (f.k.a. Thai Farmer's Bank) or Siam Commercial Bank and be sure you tell them that funds transferred to the account will be used to purchase a condominium.

Transfers must be made in amounts USD 20.000 or more in order to qualify for a Foreign Exchange Transaction Form issued by the buyer's bank to verify that the originating funding came from outside Thailand in a currency other than Thai Baht. This bank certificate explicitly states that the Thai Baht funds are used "to purchase a condominium" in Thailand.

The department of Lands (Land Office) will refuse to execute the ownership transfer if the bank certificate cannot be produced.

» The 4 ways you can buy property in Thailand Part 2

» Buying a condo Thailand - How and Why.

» Thai Property Portfolio