The Thai Baht is commonly traded in pairs with major world currencies including the USD, AUS, EUR, GBP and JPY. Since the introduction of the Thai baht, it has been issued as coins, paper money and plastic polymer money. Thailand’s local currency is printed under the authority of the Bank of Thailand, and the coins are made at the Royal Thai Mint, a subsidiary of the treasury department.
If you are considering buying property or any real estate in Thailand then you would be best advised to speak to a property lawyer in Thailand. This is best to ensure that you will get what you pay for especially if you are buying off plan property which can be very risky. Below you will find articles on property law in Thailand and how best to navigate your property purchase in the Kingdom.
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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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.
When you are buying into a new development in Thailand the developer needs to be properly registered with the Thai government. As explained on this website about property problems, many times the developers take shortcuts to avoid all the paperwork which needs to be completed from the government for the property development to commence. It was also explained why this was important.
With the growth in the property market the Thai government over the last 5 years have stepped on cracking down on what they view as abuse of the property laws and also tax laws. The following are good examples on what they are cracking down on at present. Note that you should always take proper legal advice from an attorney in Thailand so as not to run afoul of the law.