Thailand: A Paradise to Buy a House for Just 20,000 Euros?
Did you know that in some parts of Thailand, you can buy a house for a price that seems laughable compared to real estate prices in Europe? While Europe is hitting record high property prices, in rural areas of northern and northeastern Thailand, like Chiang Mai and Isaan, houses sell for just 20,000 to 30,000 euros! Yes, you read that right – twenty thousand euros for a house!
Where are the cheapest houses?
In places where tourism is almost non-existent and life is slower and quieter, you can find modest family homes that aren’t luxurious but functional and come with a yard. It’s a perfect home for those who want to escape the hustle and bustle of European cities.
What about tourist destinations?
In places like Koh Samui, Hua Hin, or Phuket, prices are significantly higher. For example, a smaller prefabricated house with a pool in the interior of Koh Samui costs around 85,000 euros, while houses closer to the sea are twice as expensive. Apartments in older buildings far from the beach can be found for around 35,000 euros.
Rules for foreigners
Foreigners can own property but not the land on which the house stands, unless they are married to a Thai citizen or establish a company registered in Thailand. The most common solution is a long-term land lease of 30 years, with the possibility of extension.
Why is Thailand popular?
Besides low prices, Thailand offers many perks: low cost of living, reliable infrastructure, fast internet, a good healthcare system, and international airports connecting the country to the world. The climate is perfect for growing your own fruits and vegetables, and local food is cheap and delicious.
Conclusion
If you’ve ever dreamed of living in a tropical paradise without spending a fortune, Thailand might be your next destination. Just remember – buying property as a foreigner has its rules and requires careful planning.
So, would you dare to buy a house in Thailand for the price of an average European car? Or do you prefer city noise and high prices? Share your thoughts, maybe you know where the best dream-life opportunity hides!
