Southeast Asia has always had a special attraction for me. When I started to spend time there about 5 years ago. I love the organized chaos of the streets of Bangkok, the food is prepared before you, and bargaining in markets. Amazing.
In general, I spent over 3 months in Thailand and I have many fond memories, adding that the fact that it gives exactly the center of Australia and Qantas a break of only 45 minutes to be received faster Oz. It 'a greatTarget.
They are usually a week long stopover on the way back to England. It gives me a tiring after 2 weeks with family and friends and break the 2 hours massage for about £ 7 What more could you want? :)
So naturally l thought if I spend so much time here / I could also buy a house. Then, of course, if I am ready to buy and have done extensive research, why investors should not buy my love?
Once the property before the tsunami in Phuket, I sawI thought I check out Pattaya (pronounced: "Pat-e-ya"), which is only about 1 hour, 20 minutes drive from the new Bangkok International Airport (the capital).
Pattaya is a seaside town (This ticks ticks and crosses are my due diligence) with a new highway, which means that there will be 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 millionBaht (70 baht per € 1) so £ 15,000 - £ 45,000. Sounds good right. Well, maybe not. If you're not a local, it is unlikely that you buy at this level.
You can only rent the premises and investment returns do not think it would be big enough. (Cross)
The market for second and more interesting is the 20 million to 30 million baht. £ 285,000 - £ 430,000. Unbelievable you say? Now that's what I thought too. Forgotten, in fact, incredible - I was even shocked. What is the market of off planSpeculators. In my books, is another term 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 the "Mirror" before the conclusion, but obviously there are no guarantees for the prices are so high already. The way this market is a tremendous amount of growth has, since the flats of water are expensive as London, Sydney or New York. (Cross)
I believe that this market has been distributed on paperProfits rather than fundamentals. I see this quite often, and is one of the reasons why I deal in real estate, 99% of people who rent.
The final level is set between 5 and 9 million baht. So £ 70,000 - £ 130,000. This is the retired migrants and 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 think this would be ideal for investment and make your chances better.(Tick)
Thick as a number of large multinational companies main offices in Bangkok and the expats who are happy to commute every day is pretty cheap for a place in Bangkok during the week, while spending the weekend home for rent in Pattaya . (Tick)
As an investor in Thailand is the first thing you must understand that no earth) (Cross, so that currently there are two possibilities: either the name of a Thai company to purchase and are the Thai people have their own (butsigned a document saying that) to replace the Thai citizens at any time. It is enough to buy a safe manner.
The other way, and the manner in which it is increasingly accepted, is a freehold / lease similar to what we use for the United Kingdom. Many builders of new ownership structures in this way.
BUT ... The Thai government has an unfortunate habit of changing the laws so you can be on the wrong side of change. They made a decision early in 2006, which effectivelystopped or severely restricted foreign ownership (Cross) and the stock market began a downward spiral so fast that they changed the law again at the end of the day. This type of backpeddling government is a potential warning signs. (Cross)
The country has had 18 coups since 1932, although not in the last 15 years have seen up to 2006. While all were shots of peace, is still a political instability. (Cross) on the side of a coup to a Thai person is probably the wayour politicians to work in agreement with the Lib Dems is not that a big problem, really.
Most of the shots were from the king. Thais have claimed a remarkable loyalty to their king, you go to Thailand where she will be seen, and until the coup of the king is everything in order is guaranteed. (Tick)
The king is the real power in Thailand, was an active participant and a representative of the people, and is a stable force in a prosperous country. (Tick)
TheThailand problem is, that the king is always old and may have a ticket to the throne of his young son, the irresponsible deeds known. So no one really knows how it will be in the position of the king, or whether to take the people to him. This could cause instability in the investment market. (Cross)
One of the most overlooked when inexperienced investors seeking new investment exotic regions, such as your money. Often the increase in value isfantastic, so double the investment € 20,000 and doubled (so now you have £ 80,000). This is a useful book until it actually sell or remortgage.
So that is not the crucial issue often can I make money? but how do I pay? or who wants to sell to me? "who buy from me? how much tax you pay l? how much I have left? Or, if you do not want to sell, such as equity-l will make the job for me?.
Often the answer is that you want. There and remortgageThey do not sell them, or if you do not need a lot less than you want to accept.
In Thailand, the loans are very tight. The Asian economic crisis hit Thailand particularly hard, and in fact have just begun to continue a series of concrete highways, which remained unfinished, and ground clearance. These massive highways stretch miles and the entrance is, and I see no exits and are amazing, too.
The bottom line is the confidence of banks not farang Thai(Foreigners), so that it can be blown through the circle, only 50% mortgage. And if you ever thought that a mortgage was trying to remortgaging. So that kind of leaves selling as the possibility of this kind goes against our philosophy.
All in all, I decided it would be better to rent a 5-star hotel or a villa on the beach for 2 weeks a year would be a property that has so many variables that you own.
If you are interested in buying in Thailand, you can make in any case, someMoney, but, as always, "Do your due diligence?" I am pleased to present the research we did before moving to if you're interested.
Living 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 for the cities and tourist attractions. The people are nice and the food is soooo good.
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