Property Buying Guide
Thailand’s property development is rapidly increasing, especially in Bangkok, Pattaya, Huahin, Phuket, and Samui. Cities are changing the way they look, due to the country’s booming economy and expanding infrastructure. The opening up of the ASEAN economies, the AEC due in 2015, and the enthusiastic expansion of the MRT and BTS train systems around Bangkok are essential factors that affect investors' decisions. This economic expansion also increases property prices in Bangkok and other areas of Thailand.
Mortgage financing from a Thai bank for the purchase of a condominium is mostly approved for foreigner who has residence and employment history in Thailand. In the case that a foreigner is married to a Thai national, the bank could require that the condo be registered personal property of Thai spouse. In this case, the foreigner would merely be the guarantor of the loan, without ownership rights.