HuaHin is a beach resort town in Thailand about 200 km south of Bangkok. Compared to the other tourist areas, HuaHin has a gentler feel. Hua Hin is mainly a middle class retirement location. It all started in 1926 when King Rama VII had the “Far From Worries” Palace, the Royal rainy season retreat, built in the town. Today the town is host to several tertiary level educational institutions and […]
Thailand is now one of the most popular destinations for westerners. Tourists flock not only to Bangkok but to the numerous resort cities all over the country such as Pattaya. Some visitors have fallen in love with Pattaya because of its exquisite beaches, beautiful tropical climate, low cost of living and friendly and hospitable folk that they have chosen to stay for good. This city has so much to offer. […]
It goes without saying that investing in real estate involves huge sums of money thus foreigners should take extra caution before finalizing any deals. Pattaya, one of the most popular towns in Thailand is also called Fun Town where the party scene is legendary. It is also a place where many expatriates have chosen to settle. In Pattaya, the cold winters of the west are just a faint memory and […]
A more widespread use of escrows in Thailand will only be a matter of time. In December last year, the government introduced the first draft on the use of interest bearing escrow accounts for property purchasers.
Condominiums are very popular with most expats and investors in Thailand. The reason being that many foreigners but condominium units in Bangkok, Pattaya, and villa’s in Phuket for the purposes of investment or for their retirement in Thailand.
Looking to buy property in Thailand? In some countries, there is a growing trend towards a ‘build then sell’ off-plan system. This involves the buyer putting down a deposit of 10% into a designated escrow account. This account would normally be with the same bank which finances the development.