5 most frequently asked questions among first time condo buyers

condominium-hirise

How can I buy a property in Thailand? Which is the hottest area? Can I get finance from the Thai bank on my own? and etc. Many questions will come up when people (especially Expats) want to buy a condominium. Today we collected 5 most frequently asked questions among first-time condo buyers

 

5 most frequently asked questions among first-time condo buyers

5 most frequently asked questions among first time condo buyers

5 most frequently asked questions among first-time condo buyers

 

1. Is it possible for a foreigner to get finance in their own name from a Thai bank without a Thai spouse? 

Answer: Actually, there are 2 banks and 1 finance company that offers mortgage for foreigners that express interest in purchasing a condo in Thailand. Click the question to find more information.

2. What is the procedure for buying a condo in Thailand? 

Answer: The process of buying a "condominium" in the wizard to select a condo easy as you think. Begin with finding a condo with the requirements of its own budget, then select the project. Click the question to find more information.

3. Can Australians buy a villa or home in gated communities in the Bangkok area? 

Answer: It doesn’t relate which nationality you are from, any foreigners that wish to buy a land or landed property, you will need a Thai partner and owns 51% of shares and you will own 49% of shares. Click the question to find more information.

4. Which one I should buy between a detached house and a townhouse? 

Answer: Not only location but the type of property also an important factor for the home buying decision. Except for a detached house and condominium, there are detached houses and townhouses. But what's the difference between them? Click the question to find more information.

5.if you would like to buy a studio or one-bed condo unit as an investment, what area is better for finding tenants quickly, Sukhumvit nearby BTS Phrom Phong/ Ekkamai or Sathorn nearby BTS Chong Nongsi? What about value appreciation in the two areas? 

Answer: One-Bed condo unit usually fetches the best ROI in terms of Rental Yields (Average Rental Yields in BKK ranging from 5%-7% per annum) In every area of BKK, you will be able to find a tenant quickly if you rent price is set correctly. Click the question to find more information.

Find out more property's questions and answers in AskGuru and read more project reviews before making a decision.

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