Buy Condominiums In Pattaya

Many foreigners like to invest in Pattaya real estate properties. First of all, if you are a foreigner, investing in the Pattaya property will be profitable. This is because the value of your money is bigger compare to the value of the money in Pattaya. You will get to buy bigger houses with the same amount of money than if you were to buy a property in your home country. With the same amount of money, you can buy a luxurious property in Thailand. However, if you were to invest the same amount of money in a property in your home country, you probably can only buy a small house.

The second benefit for buying real estate property in Pattaya is that you will profit from the increased value. The values of the real estate properties have increased significantly over the past years. Even during the economy recession, the values of the real estate properties have increased.

The third benefit is that it will yield high rental income. If you purchase the right rental property, you can rent it out at a high rental rate. You should buy the property in a holiday destination if you want to rent it out to tenants. Over time, you can increase the rental rate. It is estimated that the rental yield is about 6 – 10% of the property price per year,

The fourth benefit is that your equity will build up when you pay your mortgage. If you are renting out the real estate property, the tenant will pay the mortgage balance.

The fifth benefit is that there is a lot of income growth potential. If you want to have a positive cash flow, you can reduce the expenses of maintaining the house. Examples of reducing the expenses of maintaining the house including install appliances that save money, heating units, high quality flooring, increase the size of the property, and etc.

The sixth benefit is that Pattaya has a booming tourism industry. It receives more than 2.5 million tourists every year. The political confusion will produce an impact on Thailand for short term.

The seventh benefit is that Thailand has a lot of infrastructure. You will find all kinds of amenities in the real estate neighborhood including airports, schools, and shopping centers. The local government has provided subsidy to build more infrastructure so that foreigners can enjoy their stay in the country. Many luxurious accommodations and condominiums can be found in Pattaya.

The eighth benefit is that it will provide solid yields. Local and foreign investors can make investment in freehold condominiums. Investors will be able to leverage your investment because of the affordable payment structure.

The ninth benefit is that it will produce tax advantages. Most of the expenses are not subjected to tax. Some of the expenses that won’t be subjected to tax include insurance, mortgage fee, legal fee and advertising fee.

The tenth benefit is that property investment is more stable compare to the stocks. Stocks can decrease suddenly and you can become bankrupt overnight. Property value won’t decrease suddenly like stock value.

About the Author: Billy Horner, is a professional writer for the real estate industry. Permission to reprint this article is granted if the article is reproduced in its entirety, without modification, including all information. Please include a hyperlink to: condo Pattaya and Pattaya rentals.

Benchmark Real Estate Agency Pattaya Thailand Launched A New Promotion

Benchmark is a reputable real estate agency that focuses on selling various kinds of condo and housing properties in Thailand. Many new condominium and housing projects have been launched. New condo projects recently launched by Benchmark include T. W. Wong Amat Beach Condominium and Amazon Residence. New housing projects that Benchmark recently launched include Palm Oasis Jomtien Luxury modern villas, Jomtien Park villas, the vineyard and Baan Dusit Pattaya Lake.

Currently, Benchmark is offering free gifts for customers who purchase the condominiums. Investors who purchase condominiums through Benchmark will receive a motorbike or iPad. The promotion will only be valid when the investor directly purchases the condominium through Benchmark real estate agency. If the investor purchases the condo from other agent, you will not receive any free gift. You also won’t receive any free gift if you purchase the condo directly from the real estate property developer. Honda air blade motorbike will be awarded to customers who purchase housing properties that worth more than $3 million Thai Baht. Customers who have spent more than $5 million baht to purchase the condo will be qualified to receive free Honda PCX bike. You will receive the bike if you spent that amount of money on one condo or multiple condo units.

Benchmark specialized in providing real estate services for both residential and commercial properties. Customers will find all kinds of properties including talay condos, golf course properties, houses, commercial properties, renovation service, lands for sale and more. Thousands of people have purchased their properties through Benchmark. Many well-known developers list their housing projects with Benchmark. The team at Benchmark is equipped with years of experience in the Thailand real estate field. Benchmark is an accredited and professional real estate agency. It is a member of several accredited associations including Council of Residential Specialists (CRS), National Association of Realtors (NAR), Real Estate Brokers Association of Thailand (REBA) and Real Estate Brokers Association of the Eastern Seaboard (REBA-ES). Benchmark customer support team is friendly and prompt in responding to customers’ requests.

Benchmark will handle the whole buying process for customers. The process of buying a real estate property in Thailand is complicated, especially if you don’t have knowledge about the local real estate industry. Foreigners are allowed to purchase condominiums, houses and lands in Thailand. Most foreigners will purchase the condominium. The requirement for selling condos to foreigners is that the sold units to foreigners must not account for more than 49%. The rest of the 51% must be registered under a Thai name. Foreigners can use a Thai nominee to make investment in the house or land. If you want to purchase the property through a mortgage, you must use a nominee such as a friend from Thailand, You can have temporary ownership to the land for up to 30 years. Another form of purchasing land is through a limited liability company based in Thailand.

Benchmark real estate agents are knowledgeable about the various aspects of the property buying and selling processes. They are familiar with the properties values, and legal requirement of purchasing a property in Thailand. Normally, the real estate agency commission is about 5% of the property price. If you hire the real estate agency, the real estate agent will attempt to negotiate with the developer and help you to get a discount for the property purchase. The real estate brokers can guide you in carrying out the legal procedure for the property purchase step by step. Therefore, foreigners who are thinking of investing in the real estate properties in Thailand should hire the real estate agents at Benchmark.

Billy Horner, is a professional writer for the real estate industry. Permission to reprint this article is granted if the article is reproduced in its entirety, without modification, including all information. Please include a hyperlink to: Pattaya houses and Pattaya condos.