House 100% ownership?
When it comes to housing and real estate, long term residency in Bangkok is still as an attractive prospect as it ever was. Not only amongst the expatriate business community but also with Thai nationals who have moved to the city during good economic growth. But as it is anywhere else in the world, high economic growth means higher house and real estate prices. To add another parallel to this, the question has and always will be the same for any resident as it would be anywhere; should I rent or should I buy? I will not go into the pros and cons of each. However, a recent survey has shown that most people would prefer to buy over rent any day. Buying a house or real estate in Bangkok is no piece of cake. Foreigners can only own 49% of a piece of land or house- although condos can be owned outright. These and other legal and bureaucratic obstacles await you when you decide to climb onto the ladder which is why you need to find good authorized property consultants, who can advise you and tell you exactly where you stand, and to find the most suitable property in a simple, secure, and safe method.
Affordable
Are you in search of the exclusive high end real estate currently available, such as modern high rise condominiums which boast stunning views of the city? Or are you interested in some of the modest quainter back street houses lush with idyllic green gardens? Authorized property consultants can give advice and offer an extensive range to suit all your needs. But unless you have plenty of money to buy a place outright, there are questions and issues you should raise before taking the plunge in joining the Bangkok property ladder. Are you planning to remain in Bangkok for the next 3 to 5 years? Would you be willing to rent out your investment if you weren’t planning to stay long term? How would rent compare to loan repayments and, what would your equity yield look like after say 5 years? Seek advice and do the math…
Passive Income
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