Business

Pattaya is a popular beach resort on the Gulf of Thailand, just 150 km southeast of Bangkok –a mere two-hour drive. Pattaya’s pulsating nightlife is well known, but local authorities have, in recent years, improved the quality of the beaches and reinvented the resort as a more family-friendly destination.  Today, hundreds of thousands of visitors are drawn each year to Pattaya to windsurf,...

Yes, foreigners can get a loan in Thailand, but it's not very common and comes with strict conditions. Most Thai banks have limited loan programs for foreigners, and approval depends on: Having a valid long-term visa or work permit Proof of stable income (preferably earned in Thailand) Good credit history Some banks may only offer loans for condominiums, not land or houses In many...

Foreigners can legally buy condominiums in Thailand under their own name, as long as: The total foreign ownership in the building does not exceed 49% The money used to buy the property is transferred from abroad in foreign currency However, foreigners cannot directly own land in Thailand. But there are legal alternatives: Leasehold – You can lease land or a house for up to 30 years,...

𝗨𝗻𝗶𝘁𝘀 𝘀𝗼𝗹𝗱 Foreigners bought a total of 11,036 condo units, an increase of 3.1% from the same period last year. In comparison, Thais purchased 72,173 condo units in this same period. Therefore foreigners account for around 13.5% of all condos purchased in this period. 𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲 𝘃𝗮𝗹𝘂𝗲 Total condo purchase value by foreigners...