Investment, Rental, or Second Home Properties in Thailand

Second Home Properties in Thailand

We know a brief rain squall can pop up any afternoon in Thailand. The Bay of Thailand’s east coast experiences monsoons during September and October, while mother nature hugs Koh Samui with sublime conditions. 

If you have the lifestyle as a remote digital worker or retiree, you can and should follow the best season. We always want a place to call home, but Thailand is experienced outside. Find a condo for sale in Pattaya, Chonburi, or Jomtien, then take a holiday to Phuket or the Andamans for the local rainy season. 

Incentivized by the easter economic corridor expansion, changing visa options, and fuelled by Bangkokians looking for weekend beach access, the real estate market continues to grow and show returns in Rayong and Chonburi provinces. Bangkok has been dethroned as the province with the best ROI.

Quaint, small, or larger-than-all condos are ready for occupancy or are in a construction phase. The post-COVID-19 lockdown has provided a resurgence into condotel complex developments. Enjoy beach access, ground-level shops, and my favourite local food stalls.

Owing an investment property or second home in Thailand can have different criteria. The Thai ministries offer guidance, and provinces can add to those requirements. Real estate offices will provide documentation preparation and have relationships in the industry to verify all paperwork is correct for your security. 

Many tasks of living here as a foreigner can be handled without the employment of local help. The immigration system is designed for foreigners. We only need to learn it and reduce our visa costs. However, real estate law is nothing to “practice” in a foreign country. Have you heard of any foreign financial disaster stories? What law office do you recommend to avoid them, and why?

Some foreign ownership rules within individual projects that limit foreign occupancy percentage or outright refuse foreign ownership, exist. Follow this link to be informed about the Condominium Act in Thailand. Now that the paperwork has been discussed; why are you here?

Residents of Chonburi and Rayong provinces benefit in more ways than good real estate ROI. Improved infrastructure lends easier freedom to explore inland to secluded resorts that surround you with peace from the parking lot entrance. 

Healthcare facilities and services are of excellent quality in the area. Due to a higher population of diverse nationalities, excellent cuisine is available, as well as fresh seafood from the fisherman’s boat every morning. The abundant nightlife could make you miss the early appointment.

Koh Larn is a short ferry ride away, and a bungalow with access to the white sand beach feels very distant to active Pattaya. At night the island blocks the city light and stars shine down with the clarity and brightness of glistening laser pointers.

Maybe Chonburi or Pattaya become your home away from storms. When the weather sours in Phuket, or its smokey in Chiang Mai, seek fresher calm air on the eastern coast for two or five months. See you around the beach.