There are many economies that are growing quickly across Southeast Asia and that means that there are many different people who are looking to buy real estate. There are locals who can now afford a larger home and those coming from smaller properties planning to take advantage of the growing market. If you're thinking of buying or renting in countries like Thailand, the Philippines or Cambodia then you might want to know a little bit about the market before you add your property to list of houses for sale.
First, you should know that if you're a foreigner and you're looking to buy land in one of these nations then you might have a difficult time doing that. In places like Thailand there are huge restrictions on land ownership if you're coming from another country instead of being a citizen of that country. The best that you might be able to do is sign an agreement for a total leasehold interest. If you're buying for a company or for investment purposes then there might be ways that you could purchase a home and an office for your business.
There are some countries, like Vietnam, that are still operating with an old type system when it comes to their real estate. Here, you will find that no one owns land the way that people can purchase their own real estate. All of the land is owned and managed by the state and you are simply given land use rights for a period of time. In the last few years, foreigners have been allowed to get the rights to a lease that lasts for as long as fifty years as long as they are legal residents.
If you're moving to any new country then it is advisable that you consider leasing before you buy so that you know what you're getting into and can make informed decisions about the area. And while you will not be able to buy a property in one of these nations the way that you could back home, you should still make sure you explore all of your options before you sign a long term lease. If you're signing up for a leasehold on a home that lasts for several years then you could be stuck in an unfavorable deal the way that many people are when they are buying a home.
You should also make sure that you have someone on your side who knows what they are doing when it comes to the country where you're interested in buying or leasing real estate. All of the country laws are not the same and you should have a guide throughout the rental process. For example, you wouldn't chose to use a amateur home inspector with the task of doing a inspection on a home your wish to buy. When you want a thorough job done looking for any issues the property may have mold, wiring, structural and more, you bring in professional inspection company. We consulted with real estate agent Patrick Rocca about information for this page. Mr. Rocca specializes in Merton Street condos as well as other Toronto real estate properties.