Buy property in Thailand; that’s the message from one of the world’s leading retirement advice websites.
Thailand has been ranked fourth in a list of top ten places to buy, own and enjoy real estate in 2018.
The author, Kathleen Peddicord, wrote: “In today’s complicated world, international property stands out more strongly than ever among investment options.”
“It is both a hard asset and one of the best current opportunities for generating cash flow while building real, long-term wealth.”
Regarding her suggestion to buy property in Thailand, she wrote: “I like Thailand for agriculture primarily, but think this country deserves attention for its strong economy and expanding tourism industry.”
“The downside in Thailand is that restrictions are placed on how foreigners can own property. Foreigners are only able to own land leasehold.”
“A foreigner can hold freehold title to the construction on the land, but, unless your house is portable, you might not take comfort from that. “
“Foreigners are also permitted to own condos freehold as long as they don’t own more than 49 percent of the total area of the condo building.”
She added that Bangkok was the number-one visited city in the world in 2017, according to one survey.
Last year Bangkok received more visitors than London or Paris.
“Again, that’s worth the would-be property investor’s attention,” she concluded.
Panama, Brazil and the Dominican Republic took the top three spots in the report, and Thailand was the only Asian country to feature in the top ten.