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It has been seen that many Thai developers invariably need a lot of capital in order to realize their projects and capital is something they might not have. This is where real estate investments in Thailand come to the forefront. As getting a mortgage from the bank to complete the project is difficult, many developers end up scouting for investment partners.
As a real estate investor, you will have the opportunity to invest in real estate and you will get the benefit of receiving high returns on your investment. Returns can be around 15 to 30 percent in 12 to 15 months or 30 to 50 percent in 24 to 30 months.
The other benefit of investing in this type of real estate is the security for your investment. The developer usually registers a mortgage on the title deed of the land and at time he might even transfer the land into the name of the investor in the form of a joint venture. Usually the value of the land is double compared to the amount invested so you will always benefit.
Once you decide to invest in real estate, you and the developer would have to make an investment agreement. This agreement will usually stipulate the terms of agreement. For example, if the title deed is transferred to you, then the investment agreement will state that the investor would have to transfer the land back to the developer after he receives the invested amount and the agreed interest.
If you are not a large scale investor, you can also buy a condominium in Thailand which is the simpliest and easiest option available for foreigners. The purchase of a condominium by a foreigner comes under the jurisdiction of the Condominium Act B.E. 2535 (1992). It is imperative that the funds to purchase the condominium are remitted from abroad in foreign currency to a bank in Thailand along with a remark that the funds are for the purchase of a condominium.
Foreigners can own condominiums in Thailand as along as the total units held by foreigners do not exceed 49 percent of the total number of condominiums in the entire block.
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Real Estate Investments In Thailand
