You can almost see that finish line just a few yards away. All those hours of painstaking research in locating that perfect holiday home in the sun is about to come to an end. No more stressful negotiations, no more restless nights. Relief is on the way and all that remains is the official transfer of the property at the provincial Land Office.
Certainly, there is no dearth of literature regarding Thai real estate business. The numerous real-estate publications in the form of magazines, broadsheets and brochures published by property developers and are either distributed freely or sold at bookstores attest to this fact.
In real estate terminology, an escrow can be defined as an impartial holding of documents or funds related to the sale and transfer of a property. An escrow is designed particularly with consumer protection in mind safeguarding your rights should anything go wrong before the transfer of the property.
Superficies is essentially a right which can be granted to an individual, irrespective of nationality, to own the land the buildings, structures or plantations. The right may be granted for a period of time (maximum of 30 years) or for life of either the owner of the land or the person granted the right.
For a country who is a top player in the real-estate market in the region and whose economy largely depends on foreign investments these are crucial questions to consider. Thailand is without a doubt one of the most attractive places for real-estate investments in Asia. It has all the necessary ingredients of a successful real-estate business hub – a strategic location in the region, beautiful and varied terrain, friendly people, great food, world-class service and facilities and a secure environment.
Thailand is seeing a current surge of interest in housing and condominium developments in advance of the elections of the new government. Seemingly, the upcoming elections stir speculations and excitement among property developers and buyers on how the would-be-elected government’s new policies or amendments of existing policies would affect the Property Business in the Kingdom.