By: By PPG, 23-November-2024
Thailand’s Finance Minister, Pichai Chunhavajira, has announced initiatives to stimulate the country's economy, with a particular focus on the real estate sector. One proposal involves revising laws to make long-term property leasing more attractive to foreign investors.
Addressing Economic Challenges
The Thai economy has experienced slow growth, coupled with rising household debt and diminished domestic purchasing power. This stagnation has impacted sectors like real estate, which plays a vital role in driving economic activity and supporting various industries.
Proposals for Foreign Investment in Real Estate
Historically, Thai laws have prohibited foreigners from owning land, making this a politically sensitive issue. The government is revisiting past proposals, such as transferring land ownership to the state, which would then lease it to foreigners for up to 99 years. This approach, initially suggested by Thaksin Shinawatra, seeks to alleviate public concerns over "selling the nation" while encouraging foreign investment.
Another initiative involves amending the ‘Rights Over Leasehold Assets Act’, extending lease terms from the current maximum of 30 years to as long as 99 years. Such changes aim to…
By: Charlie Warner, 22-October-2024
The upcoming expansion of U-Tapao Airport is set to revolutionise the real estate market in the Chonburi region, particularly in Pattaya. Long known for its vibrant tourism sector and growing expatriate community, Pattaya has seen continuous expansion and development over the past 25 years. This growth has been driven…
By: Staff writer, 20-October-2024
Pattaya continues to establish itself as one of Thailand’s premier destinations, not only for tourism but also for long-term investment opportunities. Leading the charge in recognising this potential is Land & Houses (LH), a powerhouse in Thai real estate. With a long history of successful investments in both residential…
Pattaya is one of Thailand's most vibrant cities, offering a wide range of Pattaya real estate options that cater to all types of buyers and renters. Whether you're looking for condos for sale in Pattaya or condos for rent in Pattaya, there is something for everyone. Popular areas such as Jomtien also offer fantastic condos for sale in Jomtien, making it easy for you to find the perfect property to suit your lifestyle and needs.
For those interested in houses, we provide a comprehensive list of houses for sale in Pattaya and houses for rent in Pattaya. Our listings also cover buying condos in Pattaya or even buying a house in Pattaya for long-term investment. From luxury villas to apartments for sale in Pattaya, we ensure that finding the right property for sale in Pattaya or property for rent in Pattaya is a seamless experience.
