More than its attractive culture, foreigners are also keeping an eye on the Thailand property investment market which is expected to grow in 2017. What do you get when you buy condo in Thailand or other real estate properties?
The Thai government has dedicated incentives for foreign businesses that can potentially boost their economy, as endorsed by the Board of Investment. The incentives include tax exemptions or reductions on income, imported machinery or raw materials. It also includes non-tax privileges like freehold of the property and exemptions from work and visa permits.
A home in one of the top travel destinations
In 2016, Thailand was hailed as the world’s top tourist destination. Seattle Times also reported that the country hit a record of 32.59 million foreign tourists in the same year. Tourism is still projected to increase in 2017.
There are always new places to explore, more exotic restaurants to try out and adventures to take part in Thailand. Many people fall in love with the different lifestyles in the country and want to stay for longer periods, so they buy condos in Thailand or other properties. Some people choose to buy property in Pattaya, the vibrant resort city located near the eastern tip of Thailand. Others admire the central city’s hustle and bustle and decide to buy a Bangkok property.
High quality properties
Rest assured that Thai properties are always up to standard. The leading Thailand property developer Sansiri has developed several outstanding condominiums. One of their new launches includes The Monument Thong Lo. It’s an ultra-luxurious Thonglor condo in the heart of Bangkok. Another project by Sansiri is Baan Mai Khao Phuket which is a luxury vacation-style home if you don’t want that city vibe.