Comments on: Buying a Car in Thailand

By: John T

John T — Sun, 28 Feb 2010 20:01:59 +0000

its just the wrong country to buy a house in. You will end up loose all your money - one way or another. Listen to what I say. Forget it. Rent, rent, rent and survive. Its so cheap, and if you have the right connections, you can rent a fine house for around 3000B/month. (2km from the coast, and similar at Jomtien Beach)
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just living here since 91

By: jbrook68

jbrook68 — Sun, 28 Feb 2010 19:59:59 +0000

i own a house in thailand and the pitfalls are it is far cheaper to rent and the money left in the bank will make more then in a house as the secondhand market in thailand is very poor
i own a new 3 bedroom bungalow on a new Development you can rent that for 7000 baht for 1 month but to buy about 1 million upwards do the math
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http://www.udonthani.co.uk/

By: KGP

KGP — Sun, 28 Feb 2010 19:57:59 +0000

As a foreigner you can only buy a condo if 51% of the owners in the project Thai .

You cannot buy landed property in your name . If you are married to a Thai you can place it in her name but you would have no legal rights to it .

The best way around it is to buy in the name of a Thai then execute a separate lease agreement . Lease agreements are only valid for 30 years so she can lease it to you for 30 years with an option to extend for 30 years .This is just the right to live there only .You do not OWN the property

Here i would like to draw your attention to section 540 of the
Civil and Commercial Code :-
"The duration of a hire of immovable property cannot exceed 30 years .If it is made for a longer period , such period shall be reduced to thirty years , The aforesaid period may be renewed , but it must not exceed thirty years from the time of renewal "
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By: gbkawaguchi

gbkawaguchi — Sun, 28 Feb 2010 19:55:59 +0000

You can buy a house, you cannot own the land your house stands on. You would end up leasing the land. Thai law currently prohibits it. You can buy a condo. The quality of construction and dual ownership are some of the problems. The quality of construction can be a issue. You have to watch it. Dual ownership, if you do buy a condo or house you should hire an attorney to make sure you have clear title to the property and all the paperwork is filled out properly.

One issue, no one discussed is that you will probably be painting the exterior of the house every 5 years or less. The weather conditions there beat the heck out of the paint, heat, humidity and rainfall. No paint can stand up to that much. So you would have to keep in mind that you will be doing outside work almost constantly.

Oh yes and probably having major work on the house every 10 years. If you maintain the outside well, it may last longer. When I first researched Thailand to live in, I wondered why the banks ONLY had 10 year mortgages. That is why, about every 10 years many the Thai tear down and rebuild because of the weather just beats the heck out of the structure. That is true of not only residential buildings but, commercial buildings. That is why you see shabby, dull, drab buildings and very new buildings. Those who think ahead will know that have to rebuild or redo every few years.

It’s probably better to live in a nice apartment or hotel and you can be a nomad. And probably cheaper than a mortgage. This way you can try different areas and see where you would like to live.

Good luck
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By: mark m

mark m — Sun, 28 Feb 2010 19:53:59 +0000

I thought you buying a house in Turkey not in Thailand.
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By: gavin S

gavin S — Sun, 28 Feb 2010 19:51:59 +0000

You can buy a house or anything else in Thailand BUT not in your own name. and thats where the bad points start, too many to list
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By: seafrontane

seafrontane — Sun, 28 Feb 2010 19:49:59 +0000

You will never own your property.A better idea is to rent as it is very inexpensive to do this.I have been travelling to Thailand for the past thirty years and have always toyed with the idea of buying property out there but you will never own it.What I do instead is stay in a hotel in Pattaya for about three months from January - March sometimes longer.I will be there in January and can recommend a very good hotel which is very comfortable and clean and you would not believe how cheap the room rates are with a buffet breakfast included.Only thing is you would not want to live in Pattaya in the rainy season.Best months are November to March..If you would like the name of the hotel you can email me via yahoo questions and answers-good luck.
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By: Khun Bob

Khun Bob — Sun, 28 Feb 2010 19:47:59 +0000

You can buy a house but you can’t own the land you can only lease the land for 30 years and then can renew the lease once for another 30 years. You can get a condo but can’t live on the first floor. You can’t borrow money to buy a house (some expections for businesses using Bangkok Bank but it’s outrageous fees and exchange rate for the loan) here, so your need to buy with cash. If you own a company you can buy the land under the company name. Better off coming here and checking out the situation before buying.
Rent for a year and see if it’s the right thing for you.
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By: gordon69_scot

gordon69_scot — Sun, 28 Feb 2010 19:45:59 +0000

Foreigners cannot buy house, only through company. Or put it in Thai name
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By: roughneck839

roughneck839 — Sun, 28 Feb 2010 19:43:51 +0000

Buying a house in Thailand what are the pit falls?
I’m thinking about buying a house in Thailand maybe Pattaya I think what are the bad points about buying in Thailand