Southeast Asia has always had a special attraction for me. When I started spending time there about 5 years ago. I love the organized chaos of the streets in Bangkok, the food is prepared right in front of you, and the haggling at the markets. Amazing.
Overall, I've spent more than 3 months in Thailand and I have so many fond memories, add to that the fact that it provides exactly in the middle of Australia and Qantas a stopover of only 45 minutes which you receive faster Oz. It's a greatTarget.
I am usually a week long stopover on the way back to England. It gives me a tiring after 2 weeks with family and friends and the 2 hours break massages for about £ 7th What more could you want? :)
So naturally l thought if I spend so much time here / I might as well buy a property. Then, of course, whether I'm ready to buy and have done extensive research, why should
not investors buy my good?
Once the property prior to the tsunami in Phuket, I sawthought I would check out Pattaya (pronounced: "Pat-e-ya"), which is only about 1 hours, 20 minutes drive from the new international airport in Bangkok (the capital).
Pattaya is a seaside city (This tick-ticks and crosses are my due diligence) with a new highway, which means it will take only about 45 minutes to get to and from the airport. (tick).
Pattaya is with 3 different real estate markets.
The first is the local market. The properties are conveniently located between 1 and 3 MillionenBaht (70 baht to € 1) So £ 15,000 - £ 45,000. Sounds good right. Well, maybe not.
Unless you are a local, it is unlikely that you will buy at this level.
You could only rent to locals and the investment returns I do not think would be big enough. (Cross)
The second and most interesting market is the 20 to 30 million baht. £ 285,000 - £ 430,000. Incredible you say? Now that's what I thought too. Forgot Indeed, incredible - I was downright shocked. But that is the market of off planSpeculators. In my books, is another word for "speculators" "player" and hopefully you now know what I think of the players.
I think you can make money for them, but only by "Mirror" before the conclusion, but obviously there are no guarantees for the prices already are so high. By the way this market is an incredible amount of growth has made, seen that water apartments are as expensive as London, Sydney or New York. (Cross)
I feel that this market has been distributed on paperProfits rather than fundamentals. I see this quite often, and it is one of the reasons why I deal in real estate 99% of people who rent.
The final level is contain between 5 and 9 million baht. So £ 70,000 - £ 130,000. This is the retirees and expats market. "It would be more than happy with these houses. 3-4 bedrooms, large open spaces, ensuites, parking and best of all - air conditioning.
I feel this would be ideal for investment and present your best chance.(Tick)
Rents as a set of large multinational companies large offices in Bangkok and the expats who are happy to commute every day or it's cheap enough for a place in Bangkok during the week, while spending the weekend at home for rent in Pattaya. (Tick)
As an investor in Thailand is the first thing you must understand that you do not own land) (Cross, so that currently there are two possibilities: either the name of a Thai company to purchase and have Thai nationals, but she herself (They have signedIndeed, to say that) you replace the Thai nationals at any time. It is enough to buy a secure manner.
The other way, and the way that is increasingly accepted, is a freehold / lease similar to what we use to in the United Kingdom. Many new builders structuring property in this way.
BUT ... The Thai government has an unfortunate habit of changing laws so you can find themselves on the wrong end of a change. They made a decision in early 2006 that effectively stopped or severely restrictedforeign-owned (Cross) and the stock market began a downward spiral so fast that they changed the law again at the end of the day. This kind of government backpeddling is a potential warning signs. (Cross)
The country has had 18 coups since 1932, although the last 15 years not have seen until 2006. While they were all peaceful coups, it is still a political instability. (Cross) on the other side of a coup to a Thai person is probably on the Labor politicians agree with the likeLib-Dems as it is not that big deal in reality.
Most coups have been supported by the King. Thais have an amazing loyalty to their king, wherever you go in Thailand you will see him, and supported so long as the king's coup, everything is in order. (Tick)
The King is the real power in Thailand, he has been an active participant and a representative of the people, and is a stable force in a prosperous country. (Tick)
The problem is, is Thailandthat the king is old and can have a ticket to the throne of his young son, the irresponsible doings known. So no one really knows how he will be in the position of the king, or whether to take the people to him. This could cause an instability in the investment market. (Cross)
One of the biggest things overlooked when inexperienced investors seeking new investment exotic regions, as you your money back. Often the value is fantastic, so your £ 20,000Doubled investment and doubled (so you now have £ 80.000). This is a book profit until you actually sell or remortgage it.
So that is not the crucial question often will I make money? but how do I get paid? or whoever it wants to sell me? "who will buy it from me? how much tax is paid l? how much I have leftover? Or if you do not want to sell it, as the equity-l will make work for me?.
Often the answer is you will not. You will not remortgage it and you will not sell them, or if You need you a lot less than you do not want to accept.
In Thailand, mortgages are very tight. The Asian economic crisis hit Thailand particularly hard, and in fact they have just begun to continue a series of concrete highways, which remained unfinished, and free from the ground. These massive highways stretch miles and the entrance is and see no exits and are amazing, too.
On balance, Thai banks do not trust farang) (aliens, so youcould be made to jump through hoops just to get 50% mortgage. And if you always thought a mortgage was trying hard to remortgaging. So that kind of leaves selling as the possibility of the kind goes against our whole philosophy.
All in all, I decided that it would be better to rent a 5 star hotel or villa on the beach for 2 weeks a year would be a property that has so many variables it's own.
If you are interested in buying in Thailand, you can definitely earn some money, but asHave you ever "Their Due Diligence?" I am delighted to have the research that we made before moving to if you're interested.
Live with passion,
Brett :-)
PS. I love Thailand and if you go to ensure that you rent a bike and out into the real Thailand, not only to the cities and tourist places. The people are nice and the food is soooo good.
Overall, I've spent more than 3 months in Thailand and I have so many fond memories, add to that the fact that it provides exactly in the middle of Australia and Qantas a stopover of only 45 minutes which you receive faster Oz. It's a greatTarget.
I am usually a week long stopover on the way back to England. It gives me a tiring after 2 weeks with family and friends and the 2 hours break massages for about £ 7th What more could you want? :)
So naturally l thought if I spend so much time here / I might as well buy a property. Then, of course, whether I'm ready to buy and have done extensive research, why should
not investors buy my good?
Once the property prior to the tsunami in Phuket, I sawthought I would check out Pattaya (pronounced: "Pat-e-ya"), which is only about 1 hours, 20 minutes drive from the new international airport in Bangkok (the capital).
Pattaya is a seaside city (This tick-ticks and crosses are my due diligence) with a new highway, which means it will take only about 45 minutes to get to and from the airport. (tick).
Pattaya is with 3 different real estate markets.
The first is the local market. The properties are conveniently located between 1 and 3 MillionenBaht (70 baht to € 1) So £ 15,000 - £ 45,000. Sounds good right. Well, maybe not.
Unless you are a local, it is unlikely that you will buy at this level.
You could only rent to locals and the investment returns I do not think would be big enough. (Cross)
The second and most interesting market is the 20 to 30 million baht. £ 285,000 - £ 430,000. Incredible you say? Now that's what I thought too. Forgot Indeed, incredible - I was downright shocked. But that is the market of off planSpeculators. In my books, is another word for "speculators" "player" and hopefully you now know what I think of the players.
I think you can make money for them, but only by "Mirror" before the conclusion, but obviously there are no guarantees for the prices already are so high. By the way this market is an incredible amount of growth has made, seen that water apartments are as expensive as London, Sydney or New York. (Cross)
I feel that this market has been distributed on paperProfits rather than fundamentals. I see this quite often, and it is one of the reasons why I deal in real estate 99% of people who rent.
The final level is contain between 5 and 9 million baht. So £ 70,000 - £ 130,000. This is the retirees and expats market. "It would be more than happy with these houses. 3-4 bedrooms, large open spaces, ensuites, parking and best of all - air conditioning.
I feel this would be ideal for investment and present your best chance.(Tick)
Rents as a set of large multinational companies large offices in Bangkok and the expats who are happy to commute every day or it's cheap enough for a place in Bangkok during the week, while spending the weekend at home for rent in Pattaya. (Tick)
As an investor in Thailand is the first thing you must understand that you do not own land) (Cross, so that currently there are two possibilities: either the name of a Thai company to purchase and have Thai nationals, but she herself (They have signedIndeed, to say that) you replace the Thai nationals at any time. It is enough to buy a secure manner.
The other way, and the way that is increasingly accepted, is a freehold / lease similar to what we use to in the United Kingdom. Many new builders structuring property in this way.
BUT ... The Thai government has an unfortunate habit of changing laws so you can find themselves on the wrong end of a change. They made a decision in early 2006 that effectively stopped or severely restrictedforeign-owned (Cross) and the stock market began a downward spiral so fast that they changed the law again at the end of the day. This kind of government backpeddling is a potential warning signs. (Cross)
The country has had 18 coups since 1932, although the last 15 years not have seen until 2006. While they were all peaceful coups, it is still a political instability. (Cross) on the other side of a coup to a Thai person is probably on the Labor politicians agree with the likeLib-Dems as it is not that big deal in reality.
Most coups have been supported by the King. Thais have an amazing loyalty to their king, wherever you go in Thailand you will see him, and supported so long as the king's coup, everything is in order. (Tick)
The King is the real power in Thailand, he has been an active participant and a representative of the people, and is a stable force in a prosperous country. (Tick)
The problem is, is Thailandthat the king is old and can have a ticket to the throne of his young son, the irresponsible doings known. So no one really knows how he will be in the position of the king, or whether to take the people to him. This could cause an instability in the investment market. (Cross)
One of the biggest things overlooked when inexperienced investors seeking new investment exotic regions, as you your money back. Often the value is fantastic, so your £ 20,000Doubled investment and doubled (so you now have £ 80.000). This is a book profit until you actually sell or remortgage it.
So that is not the crucial question often will I make money? but how do I get paid? or whoever it wants to sell me? "who will buy it from me? how much tax is paid l? how much I have leftover? Or if you do not want to sell it, as the equity-l will make work for me?.
Often the answer is you will not. You will not remortgage it and you will not sell them, or if You need you a lot less than you do not want to accept.
In Thailand, mortgages are very tight. The Asian economic crisis hit Thailand particularly hard, and in fact they have just begun to continue a series of concrete highways, which remained unfinished, and free from the ground. These massive highways stretch miles and the entrance is and see no exits and are amazing, too.
On balance, Thai banks do not trust farang) (aliens, so youcould be made to jump through hoops just to get 50% mortgage. And if you always thought a mortgage was trying hard to remortgaging. So that kind of leaves selling as the possibility of the kind goes against our whole philosophy.
All in all, I decided that it would be better to rent a 5 star hotel or villa on the beach for 2 weeks a year would be a property that has so many variables it's own.
If you are interested in buying in Thailand, you can definitely earn some money, but asHave you ever "Their Due Diligence?" I am delighted to have the research that we made before moving to if you're interested.
Live with passion,
Brett :-)
PS. I love Thailand and if you go to ensure that you rent a bike and out into the real Thailand, not only to the cities and tourist places. The people are nice and the food is soooo good.
