Property Ownership in Thailand and Escrow

Buying abroad has now become a viable option for a great many more people than in the past. Globalisation and more prosperous currencies and so on have led to an increase in demand for properties abroad. Thailand, already established as a tremendous country to visit as a tourist destination has thus become a further popular place for people to buy second homes. Furthermore investors from overseas are anticipated to pump around 70 billion Thai baht in to the Thai property sector in 2008. This is largely due to the bank of Thailand lifting it’s 30 percent capital reserve ruling.

As the continuing demand for apartments, housing and so on in Thailand continues to increase so do the numbers of companies that are willing to take your money and run. So, please be fully aware of what you are going into try and get impartial advice, being in the country and using sources that have been recommended to you by people who have safely and successfully used their services is always a good starting point. This especially true whilst Thai laws, currencies and political landscape continue to fluctuate. Always look after number one.

Do I Need to Speak Thai in Thailand?

Speaking Thai will get you lots of smiles and better deals while on your holiday in the Land of Smiles. But, you can get by knowing just a few words. The traditional greeting in Thailand is Sawasdee (pronounced Sa-wat-dee) and a polite article is added to the end. For women, ka is added. For men, kharp is added. This is not required but is used 99% of the time. So the typical greeting would be Sawasdee khrap (or ka) to say Hello. Typically after saying hello, or sawasdee, you will be asked one of two things. Sabai dee mai, or geen kow mai. It is normal to be asked if you are fine or if you have eaten. You may also be asked where you have been or where you are going – bpai nai mah or bpai nai.

The Thai language is not that difficult to learn and there are many resources online. There are also paid programs like Pimseleur or Berlitz. Many sites also have downloadable mini-dictionaries in English, Thai and phonetics. This way you can try to speak the word or phrase and as a last resort, just point. You can also download files so that you can hear how words are pronounced. I have had both bad and good experiences speaking Thai. Some people like the fact that I can speak enough to get by and can understand more. Some tell me that “I know too much” and I take this as a compliment since that means that they can’t rip me off.