Local property market in Bangkok

 

 

Some expats choose to buy their own place of residence during their stay in Bangkok while some choose to own property for holidays in the country after their expat assignment in the country is over. Foreigners may own property in Thailand, depending on the type of property, but owning land as a foreigner in Thailand may have several restrictions.

Generally speaking, foreigners are not allowed to buy property and land in Thailand. But naturally, there are some exceptions to this rule. One of the most common exceptions is ownership for commercial use rather than residential. There are several other exceptions to this rule, but there are rather complicated things to go over when purchasing property in this country. It is highly advisable for expats to consult professional advice before purchasing any property in the country.

Renting

Some of the fees for renting an apartment are as follows:

  • Stamp duty
  • Registration charges
  • Realtor’s fees
  • Solicitor’s/Lawyer’s fees (if required)

Viewing

Expats can schedule viewings with real estate agents in the city. While viewing apartments, make sure you ask about different types of housing in the city. Most real estate agents might assume that as an expat, you would only like to see expensive and western style apartments, but if you're willing to see everything that the city has to offer, talk to them about your interests.

Do your research when it comes to price range before you schedule your viewings as well. You should also consider the basic amenities, apartment construction and locationwhen viewing apartments.

 

 

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