Overseas Property Focus

 

 


Thailand Flag

Investment property advice and information - Thailand

Search fly to let
Line
Select a category below to view the opportunities and services we currently feature for Thailand

General country information

Formerly ‘Siam’, Thailand took on its present name in 1939 shortly after a change from absolute to constitutional monarchy. For much of the time since then the military has been involved in government. An unbroken period of civilian rule that began in 1992 was ended with a 2006 military coup, suspension of the constitution and declaration of martial law.

An interim government has been formed and a new constitution is being drafted with elections promised in late 2007.

Roughly twice the size of the United Kingdom, Thailand has a similar sized population. By far the largest city is Bangkok with a population of over 9m.

Property investment Information Thailand

Thailand has borders with Burma, Laos, Cambodia, and Malaysia. It is landlocked to the north but has a long coastline to the south bordering onto the Gulf of Thailand to the south and east, and the Andaman sea to the west – where the major tourist resort of Phuket and neighbouring islands are to be found. It was the south that was badly affected by the tsunami surge wave that hit six provinces in 2004 resulting in 5,000 deaths and 8,000 injuries.

The country’s major industries include tourism and IT, electronics, and vehicle manufacturing.

According to the Foreign Office Thailand's economy made a good recovery from the Asian financial crisis in 1997 with average annual growth of around 6 per cent between 2002 and 2004. But the sharp rises of world oil prices, the tsunami disaster, and drought have dampened its economic growth to 4.5 per cent in 2005. Rising oil prices caused inflation to increase to 6 per cent in the first quarter of 2006. The Bank of Thailand reacted by raising the short term interest rates.

The Foreign Office rates Thailand’s human rights record as ‘generally good’. Prior to the military coup it was one of the liveliest democracies in the region, it said. ‘The media was relatively free and vibrant by regional standards, although government interference and self censorship had increased in recent years. Demonstrations for or against past governments were common and recent large scale street protests had passed off peacefully’.

However, political activities are currently banned, as are groups of demonstrations involving more than five people.

Property investment Information Thailand

The Foreign Office rates the threat if terrorism throughout Thailand as ‘high’. Attacks could be indiscriminate and against civilian targets in public places including those places frequented by foreigners. It advises against all but essential travel to the provinces in the far south: Pattani, Yala, Narathiwat and Songkhla where there are frequent attacks, including bombings and shootings arising from insurgency and civil unrest.

The ‘fluid border’ with Burma is also a potential problem with large numbers of refugees, illegal immigrants and drugs crossing into Thailand. Relations with Cambodia have also caused concerns in the past.

The Foreign Office also warns would-be visitors that penalties for possession, distribution or manufacture of drugs are severe and can include the death penalty, which the Thai Government has used as a high profile part of its fight against drugs.

Crime is also a potential problem including theft of passports and credit cards. Passport fraud is high and penalties are severe, says the Foreign Office. By law, tourists are expected to carry their passports with them at all times in Thailand. There have been incidents where tourists have been arrested because they were unable to produce their passport.

‘There has been a number of incidents where tourists have had their drinks drugged (in both tourist areas and red light districts)’. 

British passport holders may enter Thailand for up to 30 days, without obtaining a visa in advance of arrival. Longer stays require an extension (90 days maximum in any six months). ‘The only legal way of obtaining a new visa, entry permit or extension of stay is from a Royal Thai Embassy or Consulate, an Immigration Officer at a point of entry into Thailand or one of the Immigration Offices around the country’, says the Foreign Office.

Property investment Information Thailand

Thailand climate has three seasons – monsoon (June to October), cool (November to February), hot (March to May). The rainy season in much of Thailand commences in May with September and October being the height of the monsoon season (November to March in Koh Samui and the south east of the Thai peninsula).  Widespread flooding in the north, north eastern and central regions is routine, often resulting in flash floods and mud slides. 

Thai law restricts foreigners’ land ownership possibilities. Limited short term investment is allowed, otherwise foreigners may own leases of up to 30 years (renewable) or invest in land via registered companies in which Thai nationals own a majority.

Country information - Thailand
Area:
513,115 square kilometres
Population: 62m
Principal cities: Bangkok, Nokorn, Ratchasima, Chiang, Mai Median age of population: 32.4
Language: Thai Employment rate: 97.9%
Flying time
from UK:
13 hours Currency: Baht
Time difference
from UK:
GMT +7 Rate of inflation: 6 %
International
dialling code:
0066 GDP per person: £2,198
Climate: Tropical House price inflation: $2,700

Useful websites:


Line


Bulgarian Property Investments - Exclusive golf and country club in south-west Bulgaria

Intasure - Offering overseas property insurance

Oxford Venture

Lake Geneva - Investment leisure tourism

Property Solutions

Condotels Florida

Sigma Property Egypt


Worldwide Property Search - Property for investment, holiday home, or retirement

Universal Reality - Offering unique investment property for sale




External resources
EU Rights

Maps
Tax on Fly to let Investments
Translation
World Weather
Rental Property
Email Marketing
Email Design

Buy to let investments
UK Investment Property
UK Property Auctions
Buy to let mortgages
Landlords forum
UK Property News
Landlords Insurance
Investment Property UK



 












 




 

 

 

 

 

 

 

 

 

 




 

 

 

 

 























© Fly2Let.net Limited l Terms of use l Contact l Free Subscription l Webmaster
Brazil l Bulgaria l Canada l Cape Verde l Croatia l Cyprus l Dubai l Egypt l France l Germany l Hungary l India l Italy l Morocco l Portugal l Romania l Slovakia
South Africa l Spain l Thailand l Turkey l UK l USA l Other Countries
Investment Property l Off Plan Developments l Ski Property l City Apartments l Golf Property l Beach Front Property l Land Investment
Cheap Flights l Car Hire l Property Finance l Property Insurance l Travel Insurance l Property Maintenance l Overseas Removals l Currency Exchange l Exhibitions & Seminars