Thailand Investment Property: A Revolution To Save Big Dollars
Thailand is the world’s 51st-largest country in terms of total area, roughly equal in size to Spain. The capital and largest city of Thailand is Bangkok. It is also the country’s center of political, commercial, industrial, and cultural activities. Bangkok is known in Thai as “Krung Thep Mahanakorn,” or, more colloquially, “Krung Thep,” with an estimated population of 63,038,247 covering the geographical area of about 513,115 km.
Thai culture has always been greatly influenced by China and India, giving an exotic blend for which The Kingdom of Thailand has become famous. Thailand property is fast becoming the desire of overseas property buyers, and is accessible, affordable, and a great place to buy property abroad. Buyers in Thailand tend to be mostly investors who are looking to cash in on the booming tourist industry; however, with increasing demand, this is set to change.
There are some restrictions on the area; for example, foreigners are not allowed to own the land in Thailand, and they may only own the building on such land. Another restriction is found on freehold condominiums, where only 49% of the development can be sold to foreign buyers.
The process of buying in Thailand can be complicated; but with good research, advice, and an English-speaking lawyer, most of these complications can be avoided.
If you are planning on buying land or a villa, then you will be required to set up a Thai company which will cost around 1,000 and will also have ongoing fees of around 50 per month.
[I know very little about this topic, but I am guessing that the author is speaking here of Thai Baht, and not U.S. Dollars, European Euros, or whatever else. However, I honestly do not know for certain. It is a glaring lapse by him not to have made this absolutely apparent. -Garnet Barcelo]
There are agents who will prepare a purchase agreement that will detail price, terms and conditions, settlement date, etc. In most cases, a 10% deposit will be required to secure the property (in most cases this is refundable should the sale not go through, as long as it was not your fault).
From January 2009, there was an increase in the properties rates in Thailand. Usually the properties that are purchased by foreign investors are high compared to local investors. Properties in Thailand are consistently popular with overseas buyers — their main regions of interest are: Amnat Charoen, Ang Thong, Bangkok Metropolitan Area, Buri Ram, Chachoengsao, Chai Nat, Chaiyaphum, Chanthaburi, Chiang Mai, Chiang Rai, Chon Buri, Chumphon, Kalasin, Kamphaeng Phet, Kanchanaburi, Khon Kaen, Krabi, Lampang, Lamphun, Loei, Lop Buri, Mae Hong Son, Maha Sarakham, Mukdahan, Nakhon Nayok, Nakhon Pathom, Nakhon Phanom, Nakhon Ratchasima, Nakhon Sawan, Nakhon Si Thammarat, Nan, Narathiwat, Nong Bua Lam Phu, Nong Khai, Nonthaburi, Pathum Thani, Pattani, Phangnga, Phatthalung, Phayao, Phetchabun, Phetchaburi, Phichit, Phitsanulok, Phra Nakhon Si Ayutthaya, Phrae, Phuket, Prachin Buri, Prachuap Khiri Khan, Ratchaburi, Rayong, Roi Et, Sa Kaeo, Sakon Nakhon, Samut Prakan, Samut Sakhon, Samut Songkhran, Saraburi, Satun, Si Sa Ket, Sing Buri, Songkhla, Sukhothai, Suphan Buri, Surat Thani, Surin, Tak, Trang, Trat, Ubon Ratchathani, Udon Thani, Uthai Thani, Uttaradit, YasothonSatun, Ratchaburi, Tak, Krabi, Phangnga, Nonthaburi, Chanthaburi, Sakon Nakhon, Chumphon, Phatthalung. There are many reasons for people opting to buy a property in these areas.
Mortgages in Thailand have always been notably impossible to get, and have put many buyers off. Recently, though, a new branch of the Bangkok Bank has opened in Singapore, which has opened up borrowing possibilities. You should expect to get no more than 50% in finance, with the exception to some well-known developments where finance of nearer 70% is available.
Paul Burrows, a leading UK property developer has come up with a new website Global-Choice.co.uk which provides detailed information about true investments that work overseas. To know more about the Overseas Investment Properties, just log on to the website Properties for Sale in Florida.
Here are some variously related references on the population of Udon Thani, as well as the broader Thailand population:
|Thai City of Udon Thani in the Grip of a Boom – Chiangrai Times
http://www.chiangraitimes.com Mon, 17 Jun 2013 13:29:13 GMT
CHIANG RAI – Steel girders jut from the low skyline of the Thai city of Udon Thani near the Laos border as workers lay cement for a new shopping mall, one of many illustrating a boom in the Thai economy beyond the bright lights of Bangkok. … “
|Record Thai Rice Hoard Expanding Global Supply Glut – Tradeviews
https://tradeviews.net Wed, 16 Oct 2013 08:24:17 GMT
“I’ve rented more land, expanding farms by more than double, to reap the benefit of good prices from selling paddy to the government,” said Uthai Thongsaensuk, a 45-year-old farmer in the northeastern Thai province of Udon Thani. “My friends also boosted plantings as we earn … The ruling Pheu Thai party won a majority in 2011 elections with support from poorer rural residents who make up 87 percent of the population. Thai output will gain 4.5 percent to 21.1 …
|Thai Brides – Ajarn Forum
http://www.ajarnforum.net Fri, 18 Oct 2013 00:50:00 GMT
Thai Wife in America – American says forget Thai Brides Ran across this while looking for Thai population in the USA. Damn there is a lot … Thai women seek foreign men as husbands to live in Udon Thani Thai women snap …
|Naija AgroNet: Thailand expands global rice supply
http://www.naijaagronet.com.ng Mon, 21 Oct 2013 17:08:00 GMT
My friends also boosted plantings as we earn more, “said Uthai Thongsaensuk, a 45-year-old farmer in the north-eastern Thai province of Udon Thani. Darren Cooper, a … NaijaAgroNet … Linking agrobiz, people & technology.
|Thai Mass Transport Systems: Udon Thani’s Mass Transit System.
http://thaitransit.blogspot.com Wed, 10 Feb 2010 14:49:00 GMT
Udon Thani is a major rural city located approximately 50 km from the Lao border in North East (Isarn) Thailand. The name Udon Thani means “Northern City” It has a population of over 150,000 in its urban area. Udon Thani …
|Bumping in Bangkok: Welcome to Udon Thani, Thailand’s next best …
http://bumpinginbangkok.blogspot.com Sun, 07 Jul 2013 12:46:00 GMT
Udon Thani is the largest city in Northeastern Thailand, in the heart of the Isan region. The Isan region is comprised of ethnic groups with Lao, Cambodian, and Thai ancestry, with the Lao-speaking population being the largest …
|MADY MISSIONS THAILAND: NEW CHURCH IN UDON THANI …
http://www.madymissions.org Thu, 25 Nov 2010 04:07:30 GMT
They have just started a new church in the big city of Udon Thai, Thailand. It’s so good to see God moving in this great nation!!! We continue to meet up with Pastors and leaders who have a heart to see the Thai people serving and worshiping …
|How Many Farang? : Open Forum – Udon Map
http://www.udonmap.com Thu, 06 Dec 2012 09:58:31 GMT
These are only people who needed some type of Visa or other official business from the Embassy, and are only from one country, America. … Wikipedia goes on to say that there are 250,000 long-term mainland Chinese; 105,000 Indians, most of them Sikhs and of which 80% hold dual Thai citizenship; 44,000 Japanese, 25,000 Americans; 75,000 Europeans not broken down by nationality; 15,000 Taiwanese; 20,000 South Koreans; 7,500 Australians; 12,000 Arabs; …
|Hello Readers! | My Live in Udon Thani
http://mylifeinudonthani.com Fri, 25 Jan 2013 16:14:27 GMT
Udon Thai is in the North East part of Thailand, the region is call Isaan. Udon Thani is the major commercial center in Northern Isaan and from here you can get to Laos, Northern Vietnam and Southern China. The population …
|Central Plaza – A work in progress | Udon Thani News – Udon Map
http://www.udonmap.com Sat, 28 Jan 2012 04:57:44 GMT
First, the Thai people living in Udon Thani, the staple customers that will always be there rain or shine. Then, there are the customers from Laos who believe in the Central Plaza brand name and travel across the friendship …
|From Bangkok to Udon Thani and a Tale of Very Different Thai Girls
http://www.thaisabai.org Thu, 29 Mar 2012 07:21:38 GMT
Udon Thani city has a population of over 100,000 and the province close to 1,500,000 people but I think it’s safe to assume the research on girl students focuses for the majority on the city itself. If so, 6,000 student sex workers …
|udon thani thailand population – Siam-Longings
http://siam-longings.com Mon, 18 Jul 2011 08:29:40 GMT
udon thani thailand population. What exist are generalizations — that is, population estimates. And not necessarily too recent ones, at that. For instance: WolframAlpha.com yields a 2004 estimate that the population of Udon …
|Thailand travel guide – Wikitravel
http://wikitravel.org Thu, 22 Nov 2007 05:58:48 GMT
And despite the heavy flow of tourism, Thailand retains its quintessential Thai-ness, with a culture and history all its own and a carefree people famed for their smiles and their fun-seeking sanuk lifestyle. Many travellers come to Thailand and extend their stay well beyond their original ….. Udon Thani. The cost is 80 baht or 22,000 kip and the journey takes two hours. The Udon Thani airport is 30 minutes by tuk-tuk from the bus station and is served by Thai Airways, Nok Air and Air Asia.
|Retire in Asia – Retire in Thailand
http://www.retireinasia.com Sun, 19 Aug 2012 16:51:52 GMT
However, while the most common image of Thailand may be that of beautiful beaches and extreme heat, the country offers a great deal more than most people expect. Thailand’s northern cities, such as Chiang Mai and Udon Thani, offer a more modest temperature and some of the most remarkable natural surroundings in Southeast Asia. Thailand. This wide range of different climates, different settings, and different lifestyle opportunities has made Thailand such a …
|Some Good Tweets and Links About Thailand You May Have Missed
http://www.richardbarrow.com Sun, 13 Oct 2013 10:55:01 GMT
The following are some of the more popular articles about Thailand tweeted over the last week: … Chinese tourist while high on drugs and alcohol will serve no jail time; Thai Travel Blogs: Reclining Buddha Ranked Among the Best Attractions in Asia; Bangkok Post: The number of internet users in Thailand will reach 35 million this year or half the population, says the ICT minister; Khao Sod: … Nok Air DD 8610 skidded off the runway at Udon Thani Airport this morning.
|Prawns Off Menu; Thaksin’s Heir Apparent; Thailand Moves Online …
http://phuketwan.com Sun, 06 Oct 2013 15:31:01 GMT
bangkokpost.com The number of internet users in Thailand will reach 35 million this year or half the population, says the information and communication technology minister. avherald.com A Nok Mini Saab 340B with 25 passengers and three crew landed on Udon Thani’s runway 30 at 08:45 and was about to turn right onto taxiway N when due to hydraulic failure nose wheel steering and brakes failed. The aircraft came to a stop with all wheels off the taxiway with the …
Vientiane, Laos by Asiatravel.com
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Vientiane (pronounced /vjɛnˈtjɑːn/, Lao ວຽງຈັນ Viang-chan / Wiang-chan IPA: [wíaŋ tɕàn]) is the capital city of Laos, situated in the Mekong Valley. It is also Laos’s largest city. The estimated population of the city is 200,000 (2005) while the number of people living in the Vientiane metropolitan area (the entire Vientiane Prefecture and parts of Vientiane Province) is believed to be over 730,000. Vientiane is located at 17°58′ North, 102°36′ East (17.9667, 102.6).  The city will host for the first time the 25th Southeast Asian Games in December celebrating the 50 years of SEA Games.
Sri Sattanak, or Sisattanak (Lao: ສີສັດຕະນາກ), is a former name of Vientiane. It is often confused with Sri Sattanakanahut, the Pali name of Lan Xang, the Kingdom of the Million Elephants. Sisattanak now is the name of one of the five districts of the city Vientiane.
The great Laotian epic, the Phra Lak Phra Lam, claims that Prince Thattaradtha founded the city when he left the legendary Lao kingdom of Muong Inthapatha Maha Nakhone because he was denied the throne in favor of his younger brother. Thattaradtha founded a city called Maha Thani Si Phan Phao on the western banks of the Mekong River; this city was told to have later become today’s Udon Thani, Thailand. One day, a seven-headed Naga told Thattaradtha to start a new city on the eastern bank of the river opposite Maha Thani Si Phan Phao. The prince called this city Chanthabuly Si Sattanakhanahud; which was told to be the predecessor of modern Vientiane.
Contrary to the Phra Lak Phra Ram, most historians believe Vientiane was an early Khmer settlement centered around a Hindu temple, which the Pha That Luang would later replace. In the 11th and 12th centuries, the time when the Lao and Thai people are believed to have entered Southeast Asia from Southern China, the few remaining Khmers in the area were either killed, removed, or assimilated into the Lao civilization, which would soon overtake the area.
In 1354, when Fa Ngum founded the kingdom of Lan Xang, Vientiane became an important administrative city, even though it was not made the capital. King Setthathirath officially established it as the capital of Lan Xang in 1560. When Lan Xang fell apart in 1707, it became an independent kingdom. In 1779, it was conquered by the Siamese general Phraya Chakri and made a vassal of Siam.
When King Anouvong raised an unsuccessful rebellion, it was obliterated by Siamese armies in 1827. It eventually passed to French rule in 1893. It became the capital of the French protectorate of Laos in 1899.
Vientiane will host the 2009 Southeast Asian Games, with 18 disciplines being dropped from the previous games held in Thailand due to Laos’ landlocked state and the lack of adequate facilities in Vientiane.
Info Taken from Wikipedia.com
Credits to Wikipedia.com