I would say find a foreign quota freehold. The fees are usually less and it'll generally be a better investment on the basis of,
It's legal.
You'll have the right to that space forever.
You'll have better controlled fees generally.
With a large foreign percentage of ownership the maintenance is far more likely to be paid and carried out.
If you want to sell, it's obviously open to anyone world wide for purchase, a rather larger market.
To those who scream don't buy, why? There will be good and bad investments anywhere and everywhere. I know plenty who have lost badly in my home city of London, which has one of the most popular and buoyant property markets on the globe!
The average rental income off a condo on one of the Thai holiday islands or similar, yields a decent return.
Its also very obvious if someone wants security of owning there own home,, it's better for them to buy.
If im honest, I'd say to most, how long do you think you'll live? Looking at the average rent in say Phuket,,, I would say in 10 years of rental payments, you could buy what you are currently renting for the same money. So if you are in your 70s or 80s, maybe rent? I'm in my 50s, so probably better to buy.
I'm a landlord, for over 30 years. Own property in both countries.
Looking at my records,, for those renting in there 30s, 40s, 50s with general world inflation, your rent is likely to be double the current amount in 10 years time and double that again in
Yes, me and my wife both have dtv visas. We own a company, they asked for company registration and tax returns. Along with the other photos and proof of address etc... both only took a few days in London.
, I spend my winters in phuket, I have a business and a home there as well as London. So insure my wife for six months, as she stays there in phuket. I flip back to london now and again to work. So I can get away with a decent annual multi journey holiday insurance for myself.
I've only been doing this about 15 years.
I have many British friends who live in Thailand full time, I know what they pay in health insurance.
Iike i done before i wrote, if you do a simple Google search in the uk, a standard world wide holiday travel insurance is about £3 a day on average, this amounts to about 50k baht a year. Restricted only to Thailand, it must be less than that. If not, the retirement 65k a month, needs to be raised to more like 85k....
Sounds absolutely ridiculous amount to me. If an accepted amount of 780k is enough to live on as a retiree. How could you be spending over 25% of that on health insurance? In my home town of London it wouldn't be that expensive.
I'd imagine that's legal anyway. If it isn't, anyone doing any work, anywhere but in their country of business or employment would be working illegally?
As far as the dtv, it seems you only have to an amount equivalent to 500k in baht and have to have earnt that. Its not stating you need to be employed, or asking for a certain level of income.
I'm not sure why most retirement visa holders wouldn't be better getting this?.