How much does a condo in Thailand cost?

Level Price per m²
Mid-Range ฿70,000 – ฿89,999
Upper-Mid-Range ฿90,000 – ฿119,999
High End ฿120,000 – ฿199,999
Luxury ฿200,000 – ฿299,999

Can a foreigner buy a condo in Thailand?

Buying a condo is generally the only way foreigners are allowed to purchase real property in Thailand outright. Other options include negotiating a long term lease (up to 30 years) or buying real property using a Thai dummy corporation, a practice which, although common, is technically illegal.

How much does a condo cost in Bangkok?

Newly built average condos generally cost around 90,000 baht per square meter while super luxury condos can cost more than 250,000 baht per square meter. Naturally, condos in high-demand prime areas like Lumpini or Silom are going to cost far more than suburban districts.

Is it easy to buy a condo in Thailand?

The process of buying a condo in Thailand is fairly easy, and only a few requirements must be met: The property purchased must be part of the project’s 49% surface that could be owned by foreigners. This can be easily verified at the developer’s office directly with the juristic responsible.

How much does it cost to buy an apartment in Thailand?

Apartments in Thailand sell for $110,000-250,000 on average, homes — for $150,000-700,000. Property prices are the highest in Bangkok, while in Rayong, Hua Hin and Chonburi they are relatively low.

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Do I need a lawyer to buy a condo in Thailand?

Buying any Real Estate in Thailand be it a house or a condo requires the services of a reputable law firm. Once you have decided which real estate you are going to purchase, always consult a lawyer before signing any documents.

Can I rent out my condo in Thailand?

As long as it is not considered a business you are basically free to rent out your condo in Thailand. … Note that when you rent out your apartment you are responsible for paying land and housing tax each year, and also note that rental income is subject to personal income tax under the Thailand Revenue Code.

Can I live in Thailand permanently?

Obtaining status as a Permanent Resident (PR) in Thailand has many advantages. It allows you to live permanently in Thailand, with no requirement to apply for an extension of stay. … You will also be able to apply for an extension of stay and Permanent Resident status for your non-Thai family members.

What is a good salary in Bangkok?

Average Salary / Bangkok. Average salary in Bangkok is 1,206,841 THB per year. The most typical earning is 507,603 THB.

Can foreigners buy in Thailand?

Generally, foreigners are not allowed to directly purchase land in Thailand. Simply put, Thai laws prohibit foreigners from owning land in their own name, although theoretically there is an exception but it is yet to be seen in practice.

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