Property Rights in Thailand
24/07/2024
Investor tips Real estate ThailandThailand, also known as the land of smiles, is among the top destinations for expatriation, ranked in Expat Insider’s top 20 in 2018. Indeed, this country has many assets that attract foreigners. These include the varied and magnificent landscapes, the kindness and tolerance of the local population, not to mention the pace of daily life. And that’s not all, as business and employment opportunities are also plentiful. What’s more, taxes are reasonable, the cost of living is much lower than in Western countries, and above all, day-to-day safety is appreciable.
You’ll find everything you need in the Land of Smiles: well-equipped hospitals, supermarkets, luxury boutiques, local shops open 7 days a week, and convenience stores, some of which are open 24 hours a day.
Thailand also boasts a modern infrastructure. Improvement projects are also underway, including a plan to build rail and road infrastructure worth some $25 billion. All in all, the country’s economy has been booming for many years.
Cultural attractions of all kinds, such as cinemas and exhibitions, are plentiful. Sports activities are also organized by expatriate networks.
There’s no shortage of places to visit in Thailand either. The famous Golden Triangle, a mountainous region in the north of the country, is a magnificent landscape offering a multitude of possible excursions. To the south, the peace and quiet of numerous islands with magnificent beaches ideal for relaxation.
Thailand is located in the center of Southeast Asia, so spending weekends in Malaysia, Vietnam, Singapore or Hong Kong is easy, and the prices are unbeatable.
The cost of living is 45% lower than in France, and while most of the food consumed is local, imported products are still more expensive.
Catering is 80% cheaper. So you can afford to indulge regularly in highly reputed cuisine. Transportation and personal services are also low-cost. All in all, the purchasing power of expatriates is boosted.
Last but not least, rents are 50% cheaper than in France, despite the huge number of tourists, which exceeded 38 million in 2018. In addition, it is possible for expatriates to purchase a condominium apartment freehold, or a house with a long-term lease of 30 years + 30 years renewable (leasehold). The cost remains very attractive, whether renting or buying.