Is buying a condo in Thailand a good investment?

Under the right circumstances, buying a condo in Thailand can be a rewarding purchase and a good investment. If you are a foreigner interested in buying a condo in Thailand there are several issues you need to be aware of. First, foreigners may only own 49\% of a single condo development.

Can I live in Thailand if I buy a condo?

Thailand is giving condo buyers five-year residency visas for a THB10 million (USD 330,200) investment. Your investment will give you to live in Thailand for 1 year and to renew every year for a total of five years. You will no longer have to make a dash to the border to renew your visa outside of the country.

How much is it to buy a condo in Thailand?

In terms of new condos, the starting price for a one bedroom, 22 sq meter property is around 1 million Baht (45,000 THB per meter squared)….Cost of a Thai Condo.

Level	Price per m²
Mid-Range	฿70,000 – ฿89,999
Upper-Mid-Range	฿90,000 – ฿119,999
High End	฿120,000 – ฿199,999
Luxury	฿200,000 – ฿299,999

How can a foreigner buy a condo in Thailand?

There are no restrictions on nationality and every foreigner who can enter Thailand legally (there are no visa-class requirements) can buy and own a condo unit within the foreign ownership quota of the condominium, but every foreigner must personally qualify for ownership under section 19 of the Condominium Act.

Where is the best place to buy property in Thailand?

Usually the most popular cities and provinces for foreign homebuyers and investors to buy real estate in Thailand are as follows:

• Bangkok.
• Phuket.
• Pattaya.
• Chiang Mai.
• Hua Hin.
• Koh Samui.

Can you own a condo unit forever?

The law does not provide that condominium units are strictly just good for fifty years. The law states that aside from being more than fifty years old, it must be obsolete and uneconomical plus the fact that majority of the unit owners are against its repair and restoration.

Where do expats live in Thailand?

Expats living in The Land of Smiles are mostly found in Bangkok, Chiang Mai, Pattaya, Phuket, and Thai islands like Koh Samui and Koh Tao. However, Thailand is such a popular destination among expats that you are guaranteed to find a welcoming expatriate community no matter where you live in the country.

How much would it cost to retire in Thailand?

You should plan to live in Thailand on a budget of at least $1,500 per month, with $2,000 being a more reasonable benchmark. This will allow you to live comfortably without breaking the bank. You could potentially live a lot cheaper, as low as $1,000 a month, but you would probably have a difficult time.