Real Estate and Construction with full property management services, including house & land sales on Ko Samui
Bangkok Houses
Exceptional value can be found for those buying a house in Bangkok, comparative to their home countries; however better value is found on the cities outskirts. As houses require land, foreign ownership is legally not allowed unless you have a Thai spouse to own the land title deeds. Alternatively you can set up a 30 year lease of the land from a Thai owner, which many foreigners have chosen to do. The other option is to form a Thai-foreigner owned company, which will own the land. This is now not so popular since the authorities pledged to check the legitimacy of the minimum 51 per cent Thai ownership arrangement. In short, buying a house in Bangkok is out of reach to most single foreigners.
Due to Bangkok’s scarcity of land in the key CBD areas and strict laws that forbid foreigners from owning land, it is a market foreigners shy away from. But there are ways around the laws for expatriates if proper legal advice is consulted. Bangkok’s limits are continually growing and changing the face of real estate in Bangkok. Many foreign expat families are attracted to the high-end gated communities due to their close proximity to international schools and Bangkok’s. They are also popular to foreigners with a Thai spouse, which allows them to own the land.
As many middle class Thai families have opted to move into new housing projects this has left many older houses on the market. Before you buy a house in Bangkok, it’s advisable to familiarize yourself with area and do some due diligence on the neighborhood. The gated communities provide the safest option; generally inside the complexes homeowners will have access to many facilities that include fitness centers, tennis courts, gardens and pools.