PROPERTY BANGKOK REPORT
The housing situation in Thailand is looking bleak for homeowners who are paying mortgages off. More jobs are going and unemployment is starting to increase. The government has helped the workers by their 200baht per each social welfare worker fund but this is only a temporary measure. The Red shirts of Thaksin are mobilizing to upset the Country even more so the country could find themselves in more of a mess. Is it a good time to buy---only if you have adequate funds and buy a condo but do your homework first.
LAND AREAS: 1 rai = 4 ngarn = 400 wah2 = 1600 m2; 1 talang wah = wah2 = 4 m2; 1 acre = 2.53 rai & 1 ha = 6.25 rai
To date foreigners may own
- a unit in a registered Condominium
- a building (as distinct from its land)
- a registered leasehold of up to 30 years for all types of titled land (and/or buildings).
- a company can purchase land and buildings only.
- more than 49% of a condominium unless in Company form.If BOI status different
- foreigners can own land being not over 49% in a proper Business orientated company but cannot secure a mortgage. Under BOI can buy.
- if you invest 40m baht you can buy 1 Rai of land in Thailand outright
CHECK OUT THE LATEST ON THE PROPERTY
MARKET IN THAILAND WHICH IS NOT THAT BAD
Thailand FOR FOREIGNERS is the still the better options for those on pensions and have the means of income to live. It is much better than the Philippines or Indonesia and offers more for the retirees than any other country. Property wise there are bargains in the classified sections but not with realties as many of these companies esepcially the fly by nighters and foreigners who set up go by the way side. In Pattaya a few realty companies are closed or near closing and one must use a good lawyer now to be safe from scams etc. But forget that as there are good properties on the market.
The Government Housing Bank (GH Bank) reported 1.095 billion baht in net profit in the first quarter after allocating 1.243 billion baht in reserves for doubtful accounts, according to president Khan Prachuabmoh. The bank extended 22.5 billion baht worth of housing loans to 33,581 customers during the period and expected total new loans of 73.5 billion baht this year.It had non-performing loans of 63.32 billion baht in the quarter accounted for 10.51% of total outstanding credit. The bank had 9.78 billion baht in non-performing assets (NPAs), down 3.87% year-on-year. It sold 390 million baht worth of NPAs in the first quarter and plans to hold three more auctions this year at branches nationwide. In its latest auction last Saturday, GH Bank sold 505 NPAs worth around 300 million baht.
We have English speaking Lawyers all over Thailand
Just click on the banner below:
WHEN TO PAY FOR YOUR PROPERTY
1/. Never pay deposit or booking fee over the Internet. See what you buy first
2/. Look at progress payment reports when, & how much
3/. Check the builder before you sign
4/. Talk to neighbours & others about the Moo Baan or buildings.
5/. Have a person on site to inspect interim work for you
6/. Do not be bullied into progress payments before work completed. If so then some middle man is getting his cut.
7/. When in doubt ask. Seek advice
Send your questions to us as we would like to help you?
WE OFFER FREE EMAIL ADVICE 24 HOURS A DAY
- We work for you (Both Thai & foreign consultants )
- No hidden charges-everything is up front.
- Guaranteed conveyancy help & Company, work permit & land setup for foreigners
- We will sell your Commercial property, houses, businesses, bars and Guest Houses
- Because you have the benefit of foreign help with our Thai lawyers and expat consultants
If you have a property to rent, sell or lease in Thailand then WRITE TO US as we can advertise for you in our hardcopy news in Chiangmai . BANGKOK REAL ESTATE Please go to : www.bangkokrealty.biz
2009 [ BANGKOK PROPERTY REPORT 1 2 3 4 5 6 7 8 9 10 ] [ LEASING PROPERTY ] [ BUYING GUIDE ][ THAI PROPERTY REPORT ] [ COMPANIES & LOANS FOR PROPERTY ]
[ Read George Soros Crises report ] [ Thailand in Crises ] [ US EConomy worsens ] [ Asia Crises better than US ] [ Depression safeguards ] [ Depression could come ] [ Thailand Finance News] [ Amex Bailout wrong ] [ AIG abuse bailout funds ] [ GM & Bankruptcy better ] [ Pension Funds ] [ Hedge funds 2008 ] [ Investing fund guidelines ] WHY YOU [ DO NOT INVEST in Finance Companies ] [ Buy Gold not shares in finance companies ] [ Thai Property Speculation & Sub Prime crises ] [ Investment property guide] [ Borrowing money] [ Using Thai Company to hold Property ] [ Best Option for foreigners buying ]
[ Thai Property Report 2008 ] [ Mortgage & loans on Property ] [ Finance Company guide] [ Hedge funds & Thailand ] [ Borrowing money] [ Using Thai Company to hold Property ] [ Best Option for foreigners buying ] [ Bangkok Bank lends for mortgages to foreigners ]
[ Property Report Thailand 2007 ]
Compare Thailand with the West in NZ, Australia UK & USA
[ NZ crazy Property market warned of crash ]
[ Non immigrant Visas ] [Lawyer
costs & services ] [ Visas ] [ Re-entry Visa] [ Work
Permits ] [ Companies ] [ Limited
Partnerships ] [ Tourist visas ] [ Residency
Visa] [ Marriage
Visas ] [ 1 year visa ] [ Thai
license ] [ Company tax ] [ Income
tax ] [ Company VAT ] [ Visa runs ] [ Read
expats Newsboard ] [ VISA COSTS ] [ Visa checkpoint emails ] [ THAI VISA TO THE USA ] [ MARRIAGE
IN THAILAND ] [ FOREIGNERS GETTING MARRIED IN
[ Thailand Visas on arrival ][ Re-entry Visas ] [ Borders Open for Visas ][ THAI
VISA & IMMIGRATION NEWS ] [ Thai
Immigration ] [ Laos Visas ] [ Laos
Info ] [ Myanmar Visas ] [ Myanmar
Travel ] [ Cambodia ] [ Nepal ] [ World
Thai Embassy Addresses[ SUVARNABHUMI
AIRPORT BANGKOK ]
[ OTHER THAI
PRODUCTS ] [ NEW
condos Chiangmai ] PLACE
YOUR BANNER ON OUR WEBSITE & GET MORE HITS ADD YOUR BANNER TO
OUR WEBSITE :
email : firstname.lastname@example.org
law services via our NEW Thai Lawyer partner . (re: Alien Business Law:
NEC Announcement 281 Cat A prohibited to foreigners). However under the
terms of our Company License Asia Trading Post (Co Ltd)
provide : 1. Cat 34 lawyer services &2. Cat 35.consultancy
No parts or parts of this website may be copied, printed or circulated for
publication in any form or part of without the express written permission of
Asia Trading Post Co Ltd. Please also note all Thailand affected pages which
include eg. law, immigration, visas can not be used unless written
permission is obtained from both 29 Tanin Co Ltd--Law Office & also Asia
Trading Post Co Ltd by way of contract. All infringements will be an
infringement of privacy and our company will act accordingly. See