I wanted to invest in a Thailand villa, so I got the facts
Look for a retirement triple threat? Collect the rental income, vacation at, and retire and relocate to a seaside Thailand villa. Beachfront Thailand villas and condominiums are available for purchase to one wise investor who will take a little time to learn more.The allure of a beachfront Thailand villa — the investment value, the vacation opportunity, the exotic beachfront location, had me ready to learn about Thailand real estate laws regarding ownership.Like many people who want to invest in Thailand property, I have never delved into the details of purchasing land in a foreign country. Some internet research quickly uncovered a subject often debated and contradicted in the facts. However, several reputable lawyers and legal firms offer plenty of information and consultations with integrity to help you navigate these new waters.First things first, Thailand villas cannot be owned freehold by foreigners. Freehold ownership is ownership of Thailand property that is inherited and/or for life. The next best thing is available because Thailand real estate laws were not designed to discourage investment in thailand property. Thailand villas can be owned by foreigners by acquiring a thirty year lease. These thirty year leases can be renewed for another thirty years, and then another thirty years, and you get the point. Those Thailand villas are more available than you might think!If the thirty year lease option is less attractive to you than you would like, Thailand property is not unattainable. Thailand real estate can be acquired via company ownership. Thailand registered companies with majority Thai ownership can own land, and thusly foreigners can acquire minor interests as shareholders and have a piece of Thailand property of their own.So if you would like to purchase any of the many gorgeous Thailand villas, consult a knowledgeable Thailand real estate professional. Armed with this basic knowledge of Thailand property law, you can make a smarter decision in your seaside investment.
