Posted by & filed under Finance, Property, Thailand.

finance2Are foreigners allowed real estate finance in Thailand? Can foreigners in Thailand acquire property finance?

Are you looking to buy a villa, condo or different property? And are you in need of finance?

Then scan this report with all you need to know concerning property finance for foreigners in the Land of Smiles. Read more »

Posted by & filed under Business.

liarHere you will find my suggestions for the 15 biggest lies in the world of business.

There are a lot of lies out there in the business world and these 15 are my bid.  They are not numbered after how big lies they are or how important they are.

Many of you out there will not agree with me, and that’s OK, then you can of course give me your best bids below.

1.Money is not everything.

Why is it that it is always the rich people who think that “money is not everything” and “there is more to life than money”? I have never ever heard of a poor guy tell me that money is not everything! Maybe money is not the most important thing there is in life, but when you think about it honestly, what would your life be without money? How would your business be without money? We need money, no matter what culture we live in, so we can buy the things we need in our businesses.

Do not deceive yourself and believe that you can start a business without money. Never start a company and think that you can solve your financial problems when they arise.

Believe me, in business money is everything! Read more »

Posted by & filed under Land, Thailand.

By John Le Fevre, written exclusively for TEN Thai Estate Network

AoPoOne of the great annoyances for foreigners who settle in Thailand are the restrictions placed on property ownership and the various hoops they need to jump through if they want to own anything more than a condominium.

While similar conditions exist throughout Southeast Asia, in neighbouring Malaysia foreigners are able to purchase and own land without being resident, while in Indonesia recent changes to the immigration regulations are inching towards a point where foreigners might soon be able to purchase and own land there also.

In Thailand house and land ownership is possible, though use of the word “ownership” needs to be interpreted fairly loosely. For condominiums different rules apply. Read more »

Posted by & filed under Property, Thailand.

The difference between a Villa and a House in Thailand?

By K. Olsen

img2 (1)It has been said by many property buyers in Thailand that a villa here in The Land Of Smiles just seems to be a smart name for what we at our home country would call a house.

Many property developers and agents advertise their houses as “Villas” because it “looks” and “sounds” better than “houses”.

But what in fact is a villa then? How do you define a villa?

In Thailand you can find many sort of houses. They are named as “Bungalows”, “Dwellings”, “Town Houses”, “Detached Villas”, “Semi Detached Villas”, “Villas” and “Luxury Villas”…just to mention a few. Read more »

Posted by & filed under Bangkok, Cartoons, Property, Thailand.

Families with children relocates away from Bangkok.

By K. Olsen and T. Witzansky

expensive  bangkokIn Bangkok the rising land prices are pushing home prices way beyond the reach of many potential buyers.

The result is a lot fewer new developments, and the shrinking supply is pushing prices even higher.

Many of the developments are single bedroom apartments unsuitable for families with children, who are fleeing the city for the suburbs, where larger properties are available.

View the cartoon by Teddy Witzansky. Read more »

Posted by & filed under Finance, Property, Thailand.

Foreigner Mortgage Finance in Thailand.

By Richard Gray, MBK Guarantee Co., Ltd.

MBKheader

Property finance in Thailand has long been extremely difficult for foreigners to obtain. Due to regulations and perceived risk, banks have tended to reserve their finance options for Thai nationals only, with the rare circumstance of allowing a foreigner to act as guarantor only. Even with this lack of financing available, the demand for Thai properties has remained high and continues to grow.

One of the main changes to be seen in Thailand is that even with the constant increase in supply, properties are still increasing in value and price per sqm is rapidly going upwards (the condo price index soared by 9.39% in Q1 of 2013 according to the Bank of Thailand). At some point one would expect this to cease, questioning where the demand is coming from yet new developments, particularly in the Bangkok, Phuket and Pattaya regions, continue to sell well, with many of the well-established developers still achieving strong sales figures (The Nation has shown that by the end of 2012, the top 7 Thai developers had shown an increase of 23% on total sales year on year) Read more »

Posted by & filed under Koh Lanta, Krabi, Thailand.

What’s new in Koh Lanta?

By K. Olsen

Lanta IslandThe property market on Koh Lanta has been reasonably quiet over the last few years, following the world’s financial recovery.
But, yes, properties have been moving, however what has also been happening is a new reality has been forming in terms of property resale prices and buyers’ expectations.

This time a change of expectation has settled the previously, sometimes over expectant views on capital appreciation and most resale properties have had the asking prices reduced, some by up to 30-35%.

What this appears to have done is to have “tidied” up the real estate market on Koh Lanta. So with increased demand, a new supply must follow… Read more »

Posted by & filed under Khanom, Pattaya.

5 Star Hotel Group Centara Prepares For Pattaya…and Khanom

By K. Olsen

centaraCentara is the leading 5 Star hotel chain in Thailand offering hotels & resorts in Bangkok, Hua Hin, Krabi, Pattaya, Samui, Koh Chang, Phuket, Rayong, Trat, Hat Yai, Chiang Mai, Mae Sot, Khon Kaen and Udon Thani.

Centara will in September open another five-star hotel in Pattaya, this one located at Phratamnak Hill district, also called Pattaya’s “Beverly Hills”.

But wait…we are not finished here.

During my latest visit to Khanom, it was revealed to me that Centara Hotels & Resorts are preparing to acquire land in Khanom for their next 5 Star hotel in Thailand. Read more »

Posted by & filed under Property, Thailand.

10 solid reasons why people buy property in Thailand.

By K. Olsen

aonangburiCurrently, discerning investors are purchasing property in Thailand because of the lower prices.

This is attributed to the global economic crisis as well as temporary unrest in Thai. But in the end, they are bound to make huge profits as soon as situation stabilizes. So all they are doing is to sit back and watch as the value of their investment is gradually escalating.

In fact, according to speculations by international property analysis, the property investment industry in Thailand is looking healthy especially within the residential suburbs as well office building sectors.

As for the potential buyer, the property market in Thailand currently offers medium to long-term investment opportunities that would give people a chance to get into a stable and consistent property market that is growing each day. Read more »

Posted by & filed under Krabi.

From Stone Age cavemen to present-day Hollywood stars like Leonardo Di Caprio, Krabi’s climate and natural beauty have drawn human beings to it for the last 40,000 years – a trend that seems to keep on going.

scenery2Facing the warm, wet breezes of the Andaman Sea and situated as one of the southern-most provinces in Thailand, Krabi is one of the longest-inhabited places of human settlement in all of Southeast Asia. Even by the standards of the millenia-old Thai culture this region of the country is considered very old and historically significant, as evidenced by the very name Krabi – an ancient Siamese sword that, legend has it, was unearthed when settlers laid the foundation of the city of Krabi (the province’s aptly named capital) several centuries ago. Read more »