The purchase of a condominium in Pattaya is in fact a clear and simple. However, there are some things to consider before you start.
Foreigners can own 49% of the total space units in a building.
For foreigners, in order to be entitled to a new development in Thailand, can provide evidence (Tor Tor 3) at the Department of Earth that the means adopted abroad to buy foreign currency. Without such proof of the department of land is notenable the transfer of ownership of foreign buyers.
Please note the following removal for the financial year:
1. Transfers of funds in foreign currency and not just be in baht.
2. You have to transfer into your bank account in exactly the same name sent to the sales contract.
3. Receive funds transferred more than U.S. $ 20,000 to form a Tor Tor 3.
4. The purpose of the transfer must be given the advice of remittance. Thisshould be "For the purchase of a condominium"
5. Be sure that the developer or seller sends you a copy of the Tor Tor 3 for each of ;your remittances. If you do this, it will avoid future problems. Make sure that the Tor Tor 3 has been issued correctly.
One reason for the Tor Tor 3 form is so that you can remit the money back out of Thailand when you sell.
Remember the following terms:
Leasehold : means you will never own the property. You will merely lease it the owner.
Property: it gives you full ownership rights. Building is obviously much better.
Rai is equivalent to 1600 cubic meters
A Wa: equivalent to 4 square meters
Why invest in Pattaya and Jomtien?
- Tourist destination opens in Thailand
- Great beaches and islands
- Proximity to Bangkok and the new international airport.
- Broad-based compounds into the air, on the road and Laem Chabang deep-seaPort
- Boom-quality residential properties and luxury residential market.
- Corporate general infrastructure are: health, medicine, shopping, international education, roads, telecommunications, utilities and services
- Choice of rest for many foreign buyers
- Next weekend, the most important destination for Bangkok residents
- Pattaya is the heart of the province of Chonburi
- Chonburi Province is the fastest growing in Thailandfor tourism and business.
If you can not afford to invest in property in Pattaya now, you can come take a look and see its potential first survey of your investment. The stay in an apartment or guest house is saved not stay in a hotel costs.
