Looking to buy a condo/apartment can anyone give me some tips
I plan to retire in Thailand in the future so
I’m just looking at something I can stay In while I’m in Thailand and maybe rent it out while I’m not in Thailand and move into a bigger house / apartment in the future
All new to this
just wondering if anyone else is doing this or has done it?
Looking for advice:)
TLDR : Answer Summary
The conversation provides insights for an expat looking to buy a condo in Thailand as a potential retirement option. Key points include that foreigners can only own condominiums under certain conditions, specifically if the building is registered under the condominium act with at least 50% ownership by Thais. Many users suggest renting first to understand the area and property market before making a purchase. There are practical tips about the realities of property ownership in Thailand, emphasizing the importance of research and considering long-term implications, such as taxes and maintenance fees. Overall, the consensus leans towards the benefits of renting initially to gauge preferences and the local market.
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