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Buying a villa at Panorama
could not be easier. We have all the necessary expertise and back-up to ensure the whole process is smooth from the outset through to moving in. Here are some commonly asked questions we hear from our customers which might help to introduce the concept of living in our resort: Q: How do you buy property in Thailand? A: A condo or apartment can be bought either in your own name or not depending upon the circumstances of the condo. A house, land or commercial property can never be bought in your own name if you are not Thai apart from exceptional circumstances. The reason is that land cannot be put in a foreigner's name so even though you can buy a house in your name, it's not much god without the land. However, many foreigners do buy houses in Thailand in a variety of ways and the process runs very smoothly. The most popular way is to lease the property and we can advise on this or other options very easily as well as recommend good local lawyers. For those of you interested in the reasons behind this situation, the Thai government wishes to preserve its land for its people and this means in practice that anything built on the land is affected in this way. However, it welcomes tourists and those wishing to make a new life here and has recognised the need to allow them to stay somewhere permanently. For that reason, the Condominium Act facilitates this by allowing 49% of the units in all larger condo blocks to be available for purchase by foreigners ie. Non-Thai citizens). We will shortly be launching a condominium project in Hua Hin but in the meantime the Panorama Pool Villas project is 100% villas available to buy either freehold (in Thai name), leasehold or by other means we an discuss. Q: Can a foreigner get a mortgage in Thailand? A: It is possible for foreigners to obtain up to 70% mortgages in Thailand but you must remember that you are not in your home country so the criteria are quite stringent. We can advise you in detail on request but in essence you need a steady income here or abroad, some good collateral and supporting paperwork and evidence. Q: What taxes are charged when buying in Thailand? A: There are some taxes associated with buying a villa or condo in Thailand and the amount varies according to the size of the land and the estimated value of the property as assessed by the land office. We can gladly provide estimates for any of our properties. Q: What is the cost of legal fees when buying and selling? A: We have access to a selection of excellent and reasonably priced lawyers. Many clients do not see the need for extensive legal help or even legal help at all but should they wish for assistance prices will vary according to the type of sale from only 5,000 THB to around 35,000 THB. Q: Are there any council taxes and rates? A: There are no annual council taxes or water rates in Thailand to pay. Q: What would a typical water bill be for an average size villa? A: The average water bill for a villa ranges between 250 & 450 THB a month. Q: What would a typical electricity bill be for a villa? A: The average electricity bill ranges between 500 & 1000 Baht per month. However, if you use 24 hour air conditioning, it can rise to as much as 3,000 THB a month but this is highly unlikely in Panorama as one of the joys of living there is the constant natural breeze off the mountain running down to the Royal Lake. Q: How do foreigners pay for properties purchased in Thailand? A: Buyers should always transfer foreign currency into Thailand and this is a very easy process. The buyer's local bank will provide a receipt of the transfer and this should be faxed immediately to the recipient so the transfer can be traced and confirmed. Typically a reservation fee of 200,000 THB is paid immediately followed by the first payment of 35% within 30 days but we are flexible on payment terms to suit our clients' situations. Q: Is Thailand a safe place to live? A: Security is an issue anywhere in the world these days and Thailand does have crime. However, overall, Thailand is a far safer place to live statistically than most other countries and sensible precautions are the only real requirement to ensure a happy life here. Hua Hin boasts the lowest crime rates in Thailand since it is the King's country residence. Security is always on hand at Panorama but rarely if at all used. Q: Is Thailand an expensive place to live? A: Thailand is a very cheap place to live compared to most western countries - budget on life here costing you a quarter to a fifth of that back home. Of course, you can go mad but generally it is easy to have a higher standard of living for far less than you are used to. This has made Thailand the No.1 tourist destination in the world yet again for another year running. Q: What makes Thailand so special? A: Thailand is not perfect - where is? However, most people settle here because the combination of amazing climate, good food, lovely people and amazing scenery is unbeatable. Q: What makes Hua Hin so special? A: Hua Hin and its surrounding area are unique in being the most relaxed yet sophisticated areas of Thailand. There is a mixture of tranquillity and entertainment that suite every taste. Right now the whole of Hua Hin is undergoing an exciting property boom with more and more sophisticated attractions and five star hotels arriving. Panorama complements tis perfectly. Proximity to Bangkok, world-class golf courses, the local airport and stunning beaches all around are yet more reasons to buy a home here. Q: What are the maintenance costs for Panorama? A: The maintenance costs at Panorama are very reasonable ranging between 4,000 THB per month to 7,000 THB per month. Depending upon the villa style. This includes all common area upkeep, security, rubbish collection, villa pool maintenance and even villa cleaning every other day. Unbeatable value! Q: Is it expensive to import furniture or even my car into Thailand? A: The import duties can be very expensive especially for items like a motor vehicle and furniture. We strongly recommend you purchase these items in Thailand especially as the quality is surprisingly high. Q: How easy would it be to rent out my property? A: Very easy. Any of our villas can be bought specifically to rent but some have been specifically allocated as 'rental pool' properties. These will be managed directly by us and have an onsite rental office to look after everything. These villas must be furnished with our standard furniture packages to qualify for the programme. However, the amount of time they are rented and used by the owner is up to the owner to decide. Any of our villas can be rented through the rental office in any case. We will gladly supply more details on request... Q: How can I be sure I'm buying a safe investment? A: Nothing in life is 100% certain but property prices here have climbed steadily to a point now where they increase 20%+ every year and sometimes more in good locations. All the new investment locally should ensure this trend continues and Panorama's concept, superb value for money and location make it a winning formula. Q: What's the best way to get to Hua Hin? A: If you're driving, the expressway from Bangkok airport is a comfortable two hour drive. An air-conditioned taxi should cost no more than 3,000 Baht including tolls on the expressway. You can always take air-conditioned buses too at much lower cost or we can arrange pick-ups for you. Q: How do I find Panorama? A: Please see the location page for a map. We also have a sales office in the heart of Hua Hin in the main pedestrian street called Naresdamri Road. If you get lost, call us from wherever you are and we will guide you in. Finally, everyone always asks us 'how is land measured in Thailand?'..... Thailand is metric so things start in square metres.... about 10 square feet in old money. 4 square metres (2m x 2m) is 1 square Wah (or Talang Wah, as they say) 100 Talang Wah is 1 Ngan (we're at 400 square metres now - just about right for a small to medium house) 1 Rai is 4 Ngan (or 400 Talang Wah or 1,600 square metres) Mostly you'll hear about Rais in Thailand If you are used to Acres, then 1 Acre is 2.5 Rai. If you are used to hectares, then 1 Ngan is exactly 1 hectare! |
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