Nir Kantor Real Estate
Your Go-To-Guy in Kohphangan
Thailand has a huge real estate and property market and it can yield an investor great profits in one of the most exotic locations in the world.
Investments in real estate have always been an attractive field and to this day investment in real estate is considered a stable investment channel, therefore it is easy to name a large number of advantages in investing in real estate even in the paradise land of Thailand in general and the island of Kohphangan in particular.
I'll start with some great news that comes in the form of a new residency visa that was recently launched in the country and it is called:
DTV - Destination Thailand Visa An excellent visa for those planning relocation to Thailand, remote work, studies and of course investment. For details about the visa, go to the attached link:
So what are the advantages of buying a property in Kohphangan?
Low Entry Threshold
The price of a villa in Thailand will often be significantly lower than the price of a house with similar data in other parts of the world.
The entry threshold required for the purpose of investment is lower, which is suitable for investors with a limited budget and striving for optimal exploitation of the investment.
Extensive Tourism
Thailand is among the most visited countries in the world in general and the island of Kohphangan in particular.
Thanks to the favorable weather and climatic conditions, tourism on the island is spread over all months of the year. There are even months that are very strong in terms of tourism and in which housing prices even increase significantly.
This figure gives the Thai economy a broad protection that covers the foreign investors.
The Island's Size
Kohphangen is a small island that covers an area of 125 square kilometers.
The density of the population, the extent of the inhabitants and the allocation of many areas to agriculture, which is the main source of income in the country (along with the tourism sector), create gaps that are growing between the demand for real estate assets and the limited supply, a figure that inevitably indicates an expected price increase that will create an increase in the percentage of potential return on the investment.
Bureaucracy & Taxation
The Thai government recognizes the importance of foreign money and encourages real estate investments in the country through a simplified bureaucracy and low taxation.
There are many more advantages and a lot of information that I can make available to you and you are welcome to contact me through the form at the bottom of the page,
Kapunkap!
Nir
Foreign ownership in Thailand - how does it work?
As foreigners, we have 2 options to own land in Thailand according to local law:
Lis:
Agreement with the Thai landowner for a land lease (rental) for 30 years.
During this period we will be able to use the land, such as building houses and renting them out. Our names will appear as tenants in the local land registry (Land Office).
ownership:
Purchase of land/villa/property through a company, in which we hold 49% of the shares, and a Thai partner(s) who hold 51% of the shares.
Each option has advantages and disadvantages, together we can formulate the most accurate direction for you.
Long or short term rentals
Long-term rentals:
Intended for foreigners who are staying in Thailand for a period of several months or more. We will rent the properties on contracts for a period of several months to a year at a certain price.
For example, a villa with 3 bedrooms and a private pool in a sought-after area will be rented for 120,000 baht per month on a one-year contract.
Short term rentals:
Or nightly rentals, intended for tourists and usually available during high season months.
We will advertise the property on designated sites (Booking, Airbnb) and charge a per-night fee.
So, that 3-bedroom villa with a private pool in the sought-after area could generate 7,000 or 10,000 baht per night.
Maintenance costs with this method will be higher because the property will require more cleaning, tenant response, and ongoing maintenance.
Visas
No special visa is required to purchase property(ies) in Thailand.
A unique visa (residence visa) is intended for those who intend to stay in Thailand for more than 60 days.
But even without a unique visa such as a business visa, DTV or pensioner visa, solutions can be found for a longer stay.
