According to the Knight Frank consulting company, prices are expected to rise...
The period of visa-free entry to Thailand for tourists from Russia will be 90 days. The new rule will come into force on June 1, 2023.
How does this influence investors?
Directly: the more visa—free days a tourist has, the longer the vacation, namely, the rental period of local real estate. Such reforms lead to an increase in the passive income of investors who invested in shares of hotel projects in time or purchased a house or villa in Thailand. Everyone who would like to differentiate their assets and have a steady income has such an opportunity. After all, the holiday season in Thailand lasts almost all year round.
An important plus is the convenient process of investing in resort real estate from Russia. From the point of view of the ease of the transaction, the possibility of remote execution, a fairly simple method of payment from a Russian bank account, adaptation and loyalty of local residents to Russian citizens, this is a country where it is very comfortable to buy real estate.
Other advantages of Thailand are low taxes on purchase and rental and an acceptable entry threshold: from $100,000. The yield on real estate is from 7% per annum.
You can discuss investment opportunities in Thailand in accordance with your budget with our specialist.
Please note that due to the increasing tourist flow, real estate in the country may grow by 15-30%. Therefore, the best time to make a decision is now.
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