Second home in Thailand? Yes!
Before buying a property in another country, you should carefully evaluate all of the risk factors to take into account forecast changes in real estate prices, both economic and political stability of the country. Equally important is the value of the property as well as the legal procedure of purchase, which can be very difficult.
After considering Thailand and real estate in Thailand you can find out undeniable attraction of this country for living and investment.
First of all, Thailand is considered as one of the best holiday destinations in the world, thanks to the highly developed recreational infrastructure, unique long sandy beaches, a very healthy environment and a low cost of living.
Second, to adapt in this country is extremely easy thanks to the fact that the majority of the population of Phuket knows English, refers to the tourists and expats is very friendly and has a Buddhist tradition of hospitality.
Third, the resort property in Thailand can also be given for rent and will bring permanent annual income. Having bought several apartments in the popular tourist destination of the coastal zone on the west of Phuket, you can have quite a decent return on your investment.
Fourthly, having one of the most developed economies in the region, Thailand in 2015 will became to one of the leaders of ASEAN, and the island of Phuket – to a major holiday destination and investment in region, which will undoubtedly affect the growth of the value of all the local property.
In addition, buying a property in Thailand, you will feel the favorable tax regime in the country. In addition to the registration fee (which is normally split between the buyer and the seller), property owners have to pay extremely low property taxes (about 10-20 U.S. dollars a year for the average object).