The last property i bought, i paid about 5 million for in phuket some time ago, its been rented for 40k a month (I'm actually having that one now). However, had i left it rented, it pays for itself in about 9 years overall.
Something similar in London would take more than double that time. If I'd have invested the same amount of money instead, even at 10% profit, and remember, I am very heavily taxed on that 10% in the west. It wouldn't even have paid the rent.
In short, if your relatively young and want to live in Asia, you can purchase a home and pay for it easily in a decade of equivalent rent. You can't do that many places, you also get do your home how you want it.
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.
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..
You can, if you are going ahead. Look for Farang title, with a forever lease, find a decent solicitor. The money has to come from outside of Thailand, into the country specifically registered to buy any particular property. Solicitor will advise how to do this.
its a tough one. I suppose it depends on the individuals likelyhood of getting refuesd entry. We have a place there, both myself and my wife have dtv visas now and we go to and from London multiple times of year, neither of us have been refused yet🤞