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Here's a deal for the ages: a move-in-ready 115-SqM house in Thailand for less than a cool one-and-a-half million! Situated in the scenic Villa Medica project in Phuket's Pa Khlok district, this two-bedroom, two-bath house already came fully-loaded with state-of-the-art amenities and decoration back in 2015, and it still slaps today. With a per-square-meter cost of just ฿119,913, this property is a total steal. See the sunshine reflecting off glossy marble countertops. Picture the stunning view of lily-pad-dotted koi ponds and lush gardens right outside your window. Envision the tranquil sounds of nature seeping through your walls, both inside and out. Let your mind wander through the timeless, exotic design of the villa, living in harmony with the picturesque Thai landscape.When you factor in the location, this deal is essentially irresistible. The critically-acclaimed Villa Medica project is situated in a highly sought-after area of Phuket. Plus, this house was built to near perfection five years ago, so you don't need to break the bank to buy a place with contemporary touch-ups. What more could you ask for?If you want a place in Phuket that's the perfect mix of age, beauty, and affordability, look no further. Don't let this opportunity pass you by. Inquire today and make that Thai dream a reality.
Foreign nationals can own the building (house) in their own name, but not the land that it stands on.
Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.
The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure.
In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.
After you have found the right property at Villa Medica you have to follow these steps:
A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years.
Prior to purchasing a leasehold property, it is important to secure a copy of the lease agreement or get further clarity on these three points.
Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.