Thailand introduces mortgages for foreigners

In Thailand, it is almost impossible for foreigners to get a classic mortgage at 2%, as local residents do to buy housing. However, in Phuket, the first precedent has appeared, when the developer himself offers to buy an apartment in his complex with a mortgage for up to 15 years at 6% per annum.

What kind of project is this?

We are talking about the The City complex, which is the only one in Phuket that offers such conditions.

The developer is World Corporation PLC, which owns the bank of the same name, through which the mortgage is issued.

1. The apartment is sold with a full set of furniture and equipment.

2. It is possible to register full ownership (Freehold).

Cons and features:

1. A mortgage is not always profitable, especially if your income is not tied to the dollar. Exchange rate fluctuations over 15 years can lead to financial risks.

2. The complex is located in the central part of Phuket, not far from the Central shopping center. This is more suitable for personal residence, since the property is not by the sea.

3. Renting is possible, but in the format of long-term lease (from 12 months), so this is not the best investment option.

More detailed information about prices and mortgage terms is in the pinned stories "Mortgage". If you do not know where to find them, at the end of the video it is shown how to do this.

If you are interested in buying an investment property by the sea, which will rent out well and grow in price, write to my email. My team will select the ideal option for your budget and criteria.