Can you buy a condo in Thailand on a tourist visa?

Anonymous participant 128. I would undoubtedly get more back than i paid, that's knowing when, where and what to buy firstly though. However, I don't need or want to sell, it makes me 400k plus pa. After 9 years, it would have paid for itself and can be lived in for the rest of mine or anyone's days for nothing. In that same first decade, your rent will double at least and then double again over the next decade or two. I'm not saying there is massive money in it, but it makes sense if you want to live there, depending on your age as well. As I said, it's actually really cheap to buy and live, even in phuket, which is generally expensive for Thailand, in comparison to where i come from. That same condo in my home town on the outskirts of London would range from anywhere between 15m to 50m baht.

@Ste****

does it not not create a whole heap of issues if you start renting it out though? Thai company etc..?

@Alessandro **********

no, i use and agent.

@Ste****

super useful. Thanks.

@Dany *******

I'm not going to explain that one to you. I own multiple property in both phuket and London and I've made my entire fortune and kept myself and family for over 40 years from this trade. All l will say, is your thought trail is wrong.

@Stephen *******

then explain it to us and give some mathematical reasoning how this would even be a decent investment. you can buy something here for 5mil baht but you can rent the same places for 10-15k baht. even at 20k rent it wouldnt make sense… while with 5mil baht in a S&P500 i would make 10% annualy = 500k baht. even a conservative calculation with 5% would pay for my rent and counter inflation.

@Bob *********

lm not sure what you mean by that, but i suppose that's down to what direction anyone might see what's a plus or not? Yeah, you can leave a rent, but sometimes you could sell and move before a tenancy expired anyway. The biggest reason for buying in my opinion would be if someone wanted to live properly, in a secure way and have the place done how they want..

@Stephen *******

you don’t understand the market there are thousands of empty units everywhere what makes you think you can just sell your place when you want ??now if in a high end building condos 10-35 million then it would be easier good luck been here 15 years in the same rental,my landlord lets me do whatever I want

@Bob *********

obviously I don't understand the market😂. I've been a landlord for 40 years. I'm the guy you are paying each month!

@Stephen *******

yes two units in North Shore a high end building 110 K a month those units can move but the average unit isn’t moving