Luxury real estate in Thailand

Bloomberg, a leading American analytical company, annually evaluates the economies of all countries. According to its data, since 2016, Thailand has surpassed Singapore and leads the TOP-5 happiest economies in the world. This means that the Kingdom of Thailand has the lowest inflation at 0.88% and the lowest unemployment rate of 2.09%. Only 10% of the population lives below the poverty line.

Thailand is ranked second in Southeast Asia in economic indicators. The country is ASEAN's leader in automobile production and sales (the world's largest pickup truck supplier), with exports reaching 200,000 units per year. Thailand is one of the largest suppliers to the global tin and tungsten market. It's a world leader in exporting shrimp, coconut, corn, soy, and sugarcane.

Low inflation attracts investors to the country who buy liquid real estate, earning up to 10% annually in rent, and this money does not depreciate. For instance, Thailand's inflation in 2022 was only 0.88%. Moreover, the Thai baht, compared to the dollar, has risen by 25% over the last 15 years.

In 2023, Thailand will be visited by 38 million tourists, 10 million of whom choose Phuket. It's no wonder that the travel portal TripAdvisor ranked Phuket 6th among the best resorts in the world. But the main thing is not quantity but quality! According to the Ministry of Tourism of Thailand, each tourist in Phuket spends an average of $250 per day. This gives the small island $2.5 billion annually. A large portion of this amount goes to property owners and hotels, which you can be among.

In Thailand, the property ownership taxes are among the lowest. Its rate varies from 0.02% to 0.1% of the cadastral value per year. Moreover, for villas worth less than $1.4 million and apartments worth less than $280,000, no tax is levied if the property is registered in the owner's name.

Rental income taxes are also among the lowest. If you are a tax resident of Thailand, i.e., you live there for more than 180 days a year, the income tax is only 5%. If you are a tax resident of another country, the tax rate is 15% of the total income received.