Sino ThaiThailand is currently ranked 21st by the World Bank in the Ease of Doing Business ranking. For comparison, China is only 23rd in the same ranking, and Germany is 22nd.
The Thai baht is currently the second most stable currency in Asia, behind only the Korean won.
Business in Thailand is simple and open, and also brings good income. But, these conditions will work if you follow the rules of Thai business.
Having bought an apartment today in installments, and having paid only 50% of its cost, you can start renting it out and receive a stable guaranteed income, which is 7-15% per annum, which will allow you to pay installments and receive income. Moreover, resort real estate is growing in price, especially during the first 5 years after construction. Further it is recommended to sell apartments and return the invested money. Such an option can be written into the contract, it is called the “buyback option”.
Developers today, in order to increase profits, give project management to hotel operators – for example, Best Western, Sheraton, Movenpick, Wyndham, Radisson. In fact, by buying an apartment here, you become a co-owner of the hotel, receiving annual rental income.
What is a “Guaranteed Income”? This is a fixed amount that the developer or hotel operator pays the owner of the apartment annually, regardless of whether the apartment was rented or not. Everything that the hotel earns from above, it takes for itself.
For example, if you bought an apartment for $100,000, your annual income will average $7,000.
In fact, the client buys an apartment in the complex and leases it to the developer’s management company or the hotel, for the period specified in the contract. And the hotel or management company rents the apartment at a higher daily price, paying the owner the amount specified in the contract.
The main criterion by which you need to choose where to invest is the so-called “entry price”. That is, it is worth monitoring good projects that are managed by professionals, looking for prices below the market value and buying. You can find projects that will bring at least 70% in five years. For competent investments, it is necessary to draw up an investment plan for the next five or even ten years – for this we recommend contacting investment specialists. What does this plan provide? They will calculate for you all additional costs when buying real estate, determine ways to reduce taxes, select projects and accompany the transaction, conducting it on the best terms for you.
What prices should be guided today? If we are talking about houses, then the minimum budget you need to buy is $200-250 thousand. For this money, you can find a new house or townhouse with 2 bedrooms, with an area of about 100-150 square meters. m. In general, the range of prices for houses in the resort regions of Phuket is from $200 thousand to $15 million.
Apartments are cheaper – from $70,000 for a small studio to $1 million for luxurious apartments with panoramic views.