Luxury real estate in Thailand

Benefits of Living in Thailand

Property for leisure, living or business.
Thailand is a state with tropical beaches, incredible architecture, Buddhist temples and exotic cuisine. Every year, the number of people who come for long-term "wintering" to Thailand is increasing. A long favorable season from November to April, maximum occupancy of rental housing, low real estate maintenance costs attract investors to the Asian market. Annual GDP growth of 3-4%, a stable exchange rate, lack of land and restrictions on high-rise construction eliminate the oversaturation of the market and ensure the growth of property prices.

Locations to buy real estate:

• Bangkok. The city combines many trends: business, tourism, recreation. In 2022, the Thai capital ranked 6th in the TOP 10 comfortable cities in the world for expats to live abroad.
• Chonburi. Province of the state on the east coast, 100 km from the capital. There are picturesque beaches and developed infrastructure.
• Pattaya. City on the east coast, known for its beaches. Thanks to the abundance of tourists, the region is constantly developing.
• Phuket island. The largest island in Thailand. Famous for its nature and clean sea.

Investment potential of real estate
The average annual rental income in Thailand is 7-10%. The rise in prices during construction is 20-30%. In recent years, Thai developers have entered into agreements with global hotel chains, under the terms of which the finished residential complex is transferred to the management of the hotel. In this case, the owner receives the amount fixed in the contract, regardless of the fact of renting out housing, this is the so-called guaranteed income.

Can Russians buy property in Thailand?
Yes, there are no purchase restrictions. There are two types of real estate interaction in Thailand: full ownership and long-term lease. The second is for 30 years, with an option to extend up to 90 years. Foreigners can only buy real estate for rent.

Property taxes in Thailand
The tax is paid once upon registration of real estate and is 1.1% of the value of an apartment or house.

Residence permit
The following visas make it possible to live in Thailand for a long time: non-immigrant - Thai Elite Visa (also issued for the purchase of real estate), a smart visa for managers or specialists, and LTR. For Russians planning to stay in the state for no more than 45 days, a visa is not required.