Thailand Real Estate & Property for sale

In Thailand, there is an ongoing large-scale infrastructure development until 2020. The real estate regulation for foreigners is relatively lenient. As long as a foreign citizen does not possess 49% of all units in a condominium, stated in the Condominium Act, owning properties is allowed. Even in the case of land or properties with land, if a foreign citizen is a nominee shareholder of over 49%, ownership is possible. Another appealing factor of investing in real estate in Thailand is the fact that there are no gift tax or inheritance tax. Furthermore, property taxes are not imposed by the government in Thailand, so maintaining properties can be kept low, even with luxury properties.