What is the charm of Thai real estate?

Thailand, known as the "Pearl of the Andaman Sea", attracts tourists from different countries every year. According to official Thai reports, the total number of tourists to Thailand last year exceeded 40 million. Of course, in addition to tourism, Thailand's real estate market is also booming and is highly favored by people who are keen on overseas investment.

1. Permanent property rights

In China, the property rights period of a house is 70 years. Due to policy reasons, real estate in Thailand enjoys permanent property rights, which means that real estate purchased in Thailand can be passed on to future generations without inheritance tax, and can also be freely transferred or donated according to one's own circumstances.

2. High return, stable rental income

The considerable rental return rate is attracting more and more people to invest in buying houses in Thailand. According to statistics, the average annual rental return rate of Thai apartments is as high as 5%-8%, and in some places it is even 15%! Compared with China's first-tier cities, such as Beijing and Shanghai, where the rental return rate is only 2%, the leasing of Thai real estate can be described as "tempting".

3. Fine decoration, no common area

There is no common area in Thai real estate, which means that the area purchased in Thailand is the actual area used. If we calculate based on the 25% common area of a Chinese house, buying a house in Thailand is equivalent to a 25% discount! In addition to having no public areas, most of the houses are fully furnished and equipped with toilets, bathrooms, air conditioners, etc., which saves a lot of decoration troubles and saves a lot of money! So it is not unreasonable to say that buying a house in Thailand means making a profit.

IV. Transparency and equality of laws and regulations

Thailand's policies and regulations in all aspects are very transparent and open. There is no unfairness or injustice. Moreover, the vast majority of Thai citizens believe in Buddhism and treat others with a smile in their daily lives. This alone is something that many countries cannot compare to.

5. No inheritance tax, property tax, or forced demolition

There is no inheritance tax or property tax in Thailand, and there will be no forced demolition. Thailand is a constitutional monarchy, and the King of Thailand respects the choices of his subjects very much. If you do not want your house to be damaged, no one will forcibly demolish your house.

6. No purchase restrictions, simple and convenient purchase

Without a series of domestic purchase restrictions, buying real estate in Thailand is simple and convenient

7. Low housing transaction taxes and fees

US (New York) taxes: When buying a house: 11%~12%

After buying a house: pay about 3% property tax each year (excluding inheritance tax and federal estate tax)

Canadian taxes: When buying a house: 15%~20% foreign buyer tax

After buying a house: pay about 0.7% property tax every year (excluding inheritance tax). If the house is vacant, pay 5% vacancy tax of the government-approved price. Rental income is subject to 25%~45% personal income tax. The house you own is subject to 0.4% land tax every year, property management fee and house maintenance fee.

Australian taxes: When buying a house: 4%~5%

Chinese taxes: When buying a house: 1.5%~5%

Thailand taxes: When buying a house: 1%

Through the above comparison, it can be clearly seen that the house transaction tax in Thailand is very low!

8. The Thai baht exchange rate continues to grow, earning exchange rate differential income

How crazy is the Thai baht? Let's take a look at the following figures:

In 2015, 1 RMB was equal to 5.5 Thai Baht;

In 2017, 1 RMB is equal to 4.9 Thai Baht;

In 2018, it became 4.7 baht;

In January 2019, 1 RMB could only be exchanged for 4.2 Thai Baht

The exchange rate changes every day. For those who have large investments in Thailand, every minute of hesitation means a reduction in wealth. Those who have already exchanged their currency into Thai baht and Thai houses don’t have to worry about these things at all, and can enjoy the joy of “double harvest of house prices and exchange rates”!

Source: FANGHW