The beautiful beaches, inviting climate and fine living conditions attract Westerners to properties in Pattaya. Retiring people, investors and business people from around the world, especially from across Europe and Northern America look to invest in a condo, rental house, and commercial properties in Pattaya and almost any part of Thailand. The cost of ownership of Pattaya properties remains high because of the huge demand. However, properties in Thailand still cost less than properties in most other parts of the world.
Pattaya Beach Properties
One of the biggest attractions of Pattaya is the warm, inviting climate offered by the clean beaches of the area. Thousands of Western tourists reach Pattaya beaches every year. Thus, Pattaya properties along a beach are a nice investment decision. That is, if you own a piece of rental property, you can make profits every year by renting the property to visitors from your own country. You can promote Thai holidays locally in your country or around the world with a mix of online promotions. It will be very easy renting the property because there is a huge demand for clean living quarters from people looking to explore the natural beauty, spicy cuisines and the warmth of culture.
How to Own Properties in Pattaya
According to Thai rules, foreigners can get up to 49% ownership in condos. The 51% ownership will be with a Thai citizen. Before you sign any papers and transfer funds, make sure you are buying from a legal owner and that the property doesn't come with any strings attached. It is good to draw up your purchase contract with your lawyer. Being a skeptic is a good thing, because you don't want to be fooled.
You can also get full ownership of properties in Pattaya if you have permission for permanent residence. You need to complete a set of formalities before you can get permanent residence permissions in Thailand. It is issued by Board of Investment in Thailand.
Transferring Funds to Thailand
When purchasing properties in Pattaya, you will need to transfer funds through a Thai bank. Most banks allow money transfer and you will get a T.T.T.3 form or the Foreign Exchange Certificate. This proves that you have transferred money to a Thai bank account.
Help Available
If you are interested in properties in Pattaya, don't be bamboozled by the technical requirements. You can find English speaking professional, who is also from outside Thailand help you with your property purchase. With a little research, you can find a lot of them. In other words, people have moved into this country before you, started their own businesses and are now doing a great job. This is another reason to go after properties in Pattaya.
ขายบ้าน Retirement Home or Investment?
If you plan to retire into a secluded country, free from the noises of a city, Pattaya properties and beyond offer a great opportunity. If you are a businessperson looking to invest in properties in Pattaya to make profits, you have excellent opportunities too.
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