One of the most picturesque countries of Asia, Thailand is a top-notch global tourist hotspot. Be it the coastal lifestyle or the mainland Thai locales, the entire country is full of amazing spots that allure you no end. Thailand’s major USP is tourism and the government knows this fact and has always promoted it on a global scale.
The response from tourists flocking to the country has been overwhelming and they seem to return to Thailand in abundance year after year. Political uncertainty notwithstanding, tourists tend to flock to the country on a year round basis. Though the country is not quite open to full foreign ownership of Thai property, there is no dearth of investors’ interest in the Thailand real estate.
The charm that is Thailand
The special Thai charm assumes much greater significance for the development of the entire Southeast Asia. The miles and miles of pristine sandy beaches, including the world famous Pattaya Beach, dotted with exquisite palms have a unique magical effect on the visitor, which makes it a favourite honeymoon destination for couples tieing the knot!. Phuket and Koh Samui occupy the pride of place on the coastal regions Thailand.
Thai spa’s are world famous for their soothing, calming, and relaxing effects on a tired body. This makes the country one of the best getaway spots in the world to relax the tired mind, body, and soul. The Buddhist monasteries make for a profound experience and worth visiting at least once during your stay. Being the major Thai religion, Buddhism is all-pervasive in the lifestyle of people here. And it’s an open secret how much the Westerners are attracted towards Buddhism and the Buddhists.
Though not an absolute monarchy, yet Thailand has the longest reigning monarchy of the world since 1946. And this has been a constant cause of several coups in the country in the recent years. The country has also seen some of the worst natural disasters in recent times, like Tsunami, SARS, and Bird Flu. But all this has virtually zero effect on the minds of visitors in Thailand.
The capital Bangkok is just like any other advanced European city, with casinos, nightclubs, pubs, bars, cafes, restaurants, theatres, cocktail lounges, and massage parlours easily accessible. Thailand is also a haven for the shopping freaks with quality leather and electronic equipments available at much cheaper prices than Europe and the USA.
The regular flights to and from Thailands Airports connecting major European, American, Australian and Asian cities have spelled boom time for Thai tourism and economy.
Property Investment in Thailand
Unfortunately, Thai government is not so open when it comes to inviting global real estate players for developmental purposes. There is a bar on property investments by foreigners in the Thai real estate. As an individual, you cannot own any land, and even as a company, only the Thai partner is allowed to own land and that too with considerable amount of restrictions. The government is particularly strict in this regard post-2006 coup.
The freehold land might not be available for direct purchase by a foreign national, but you certainly can lease the property on a 30-years lease period. The foreign purchasers of condominiums may buy the freehold so long as total foreign ownership does not exceed 49% of the whole structure.
Investment in Thailands real estate should never be completed without soliciting the help of local expert adept in property transactions. This is because the Thai real estate industry is largely unregulated and you’ll hardly find any regulations governing real estate transaction in the country. While a lawyer is not a necessity in completing the contract, if the documents are in Thai, it’s better to hire either a good translator or a real estate expert.
The best property to invest in Thailand is the holiday resorts and other vacation property at prime tourist centres. A beautiful Thai villa can be yours for just £121K at ChiangMai, while a resort property is available for upwards of £50K. Condominiums in Pattaya are available at £30K onwards, while villas for slae in Phuket are heavily priced at a minimum of £480K.
These properties will ensure you get a commanding rental income throughout the year, and you can also enjoy an annual stay for a couple of weeks (or more!) in these accommodation sites.
It’s better to research the country for an appropriate and legally acquirable property because tourism potential notwithstanding, there can be lots of crooks and goons on the prowl waiting for the gullible foreign investors. Make adequate inquiries and research about the individuals and property you are dealing with. The lax political and administrative will has resulted into several criminal elements making Thailand their den. However, if you approach the real estate transaction with due diligence, chances are you’d be able to strike a good and legitimate deal.
By: Les Calvert
Archive for December, 2009
Property in Thailand
December 24th, 2009Thailand And Myanmar Water Fight
December 12th, 2009Many tourists from all over the world visit Thailand, especially Khao Sarn Road in Bangkok during April to take part in the water festival (Songkran) festivities. To those tourists who have been in action during the friendly yearly water fights, I am sure it was very fun. I thought so too until a few years ago, when I visited Myanmar during dates coinciding with Myanmar’s version of Songkran. The Myanmese called the water festival (Thingyan).
In Thailand’s version of the Songkran water festival, people loaded up tanks of ice cold water in pick up trucks going around splashing and drenching everyone who is within range all in good fun. Some like the picture above load water guns and ice cold squirt at you you are expected to retaliate with… what else, cold water of course.
Now this festival although coming from the same custom is celebrated differently in Myanmar. It is much more wild and spirited. The Myanmese authorities will build stages after stages called “pandles” on sides of main roads. Some of these stages will have live music bands, dances, gay models and bodybuilders on parade amplified by music blaring loudly from the speakers and PA system, others will be packed chocked full of people armed with wildly colorful hoses splashing tons of water on whoever wants the showers of blessings on them.
The Yangon ( former capital city of Myanmar) hotel I stayed in organized a tour of the city on the back of…. . yup, you said it…. . . pick up trucks with refreshment, water guns and large drums of ice cold water ammunition. This is certainly much more fun than the Thai version, especially if you bring your whisky along. The roads were flooded and water was flowing like small rivers.
So if you ever visit Thailand for its Songkran festival, then hop over to Myanmar to open a second water war front. A word of warning though, better book your hotel room or accommodation and air travel tickets early. The hotel rooms are always booked months in advance by fun loving tourists both in Thailand and Myanmar.
The festivities will usually last a few days every April. After hard day at play, do remember that Thailand is famous for its ancient Thai massage. Do get a skillful massuer to soothe those aching muscles after a few days of fun. You can even order a massage service from the hotels.
Thailand Hotels provide the service of the Swimming Pool and others
December 12th, 2009Thailand, the beautiful nation of the hills, beaches, monuments, was one of the places preferred in the list of tourists in the whole world. The great number of the travelers visits the place of various corners of the world because the country maintained its identity among the list of the destinations of the beautiful tourists. It is not only that the country has something to offer to the tourists, but with regard to the supply of their convenience, there are several popular hotels of Thailand which the needs of these tourists.
One can easily find the hotels cheap and of luxury in any part for the country. Leave are to him Pattava, Cha AM, islands of phi of phi, Chiang Rai, Phuket, Bangkok, Samui, Khao Lak, Krabi, KOH Lanta etc. any comfortable housing of offer to remain. The cheap hotels help you while saving on your budget. Moreover, Thailand is ground of the spectacular beaches, an authentic Asian nation and friendly people. It welcomes millions of visitor every year.
Bangkok, the capital of Thailand, is one of the metropolitan cities in the world, offering the range of housing to its tourists. Some of the principal places of Bangkok like Silom, Sathorn, Don Muang, Sukhumvit, place of Siam, Ratchadapisek, Pratunam, Petchburi offer etc of the hotels of housing of class of the world. Moreover, there is no doubt with regard to equipment offered by the cheap hotel and of luxury of Thailand. There is less of many large motels of luxury like raising of priceses with the increase the level of housing, thus less number of people prefer to remain in such hotels. More than you spend money, more comfortable the hotel you can choose.
There are also some inns, resources and hotels in Thailand which are easily available to the accessible price. Some of the three star hotels even are luxuriously decorated in the Thai model. The majority of these hotels provide the service of the swimming pool and others such services recreational for suitability of the guests. Some of the resources also offer services such as the room of beauty, the services of stage, air-conditioning, OF excursion, the bar/living room, the telephone of IDD, laundry etc
The best hour to visit this country takes place as from November at February, because it have sunny days and less precipitations, so appreciating the fresh and pleasant atmosphere. There is also less moisture during this season. One can easily appreciate this beautiful destination during the brilliant days of this season.
It is not only in Bangkok, but there are many of other interesting cities in Thailand which brings the fate for the tourists. Phuket is one of the nice cities of beach in the country. Some of the well-known beaches to explore by the cities are beach of Karon, beach of Kata, beach of Patong etc
By: Nancy Eben
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