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Retirement & Property

Retirement visa is a “Non-Immigrant OA-Long Stay Visa”. This is a type of visa which would allow a foreigner to stay for long term and retire in Thailand. The visa issued will be good for a year and can be renewed each year without the need of leaving the country. Initially, a 3 months Non Immigrant visa will be granted provided that requirements are met.

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Retire in Bangkok

Thailand offers many exceptional retirement locations and advantages compared to other countries. It is very easy to fall in love with its environment, culture, people and incredible Thai food. Retirees and for those foreigners leading to its retirement, one should consider not only a selection of dazzling coastal locations but also the city of Bangkok, which earns one of the top ranking in tourism and lifestyle surveys through being a remarkably live-able city.

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Beachfront Property Codes

Many foreigners prefer Koh Samui to Phuket. Samui has much of what Phuket offers however the property market is not a good as the Phuket property market. If you are looking at a large investment then Phuket has more to offer in terms of rental options for your property as well as a growing market price as land becomes less available for development. Samui is less expensive than Phuket however you need to understand their building codes before you buy any property.

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Chanote

Title Deeds in Thailand can be very complicated as there are different title deeds in Thailand and each has its own limitations. They can be ‘upgraded’ to the next level however this does take time and money. The Chanote title deed in Thailand would be what you would expect and would be similar in nature to a title deed in your home country. If you are going to buy property in Thailand or any real estate be it a condo or a villa then take legal advice before hand from a law firm.

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Lease Agreements

Buying property is not everyone’s idea of retirement in Thailand or living in Thailand. Many expats opt to buy the property after having lived in the property for a few years. There is good reason for that. You might discover that twice a month they hold a disco outside the property or that the traffic on a Monday morning is not what you expected. If you bought then there is no way out and property leasing comes in as a solution.

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Property Agents & Developers

When dealing with a property agent in Thailand the middle man is normally not authorised to speak on behalf of the developer. This meaning that whatever agreements you made with the agent might not be in the contract when you sign. The large property developers tend to have their own marketing departments who can assist however they do not do the majority of sales in Thailand. Always seek legal advice before you agree to anything.

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