Thailand is known for its crypto-friendly environment and willingness to adapt its payment system to accommodate cryptocurrencies. The country is located in a marvelous area of South East Asia and develops in so many different ways. Currently, it is possible to purchase property in Thailand using cryptocurrency as a form of payment.
Property purchases through crypto payments are still not ultra popular, but they are gaining traction in Thailand. Various real estate developers in the country now accept payments in popular cryptocurrencies such as Bitcoin, Ethereum, or USDT. However, it is essential to note that the acceptance of crypto payments may vary among different companies and sellers.
Thailand is open-minded to real estate investors, offering several advantages over other jurisdictions, for example:
- There is no need to prove the origin of funds.
- You have the ability to purchase property remotely without personal presence in Thailand, which is both legal and secure.
- The country has a stable economy and currency, low real estate taxes, and reasonable property maintenance costs.
- Additionally, developers offer special investment programs that guarantee annual returns of 7-12% for 5-15 years, with the option of fully redeeming the initial investment.
- The Bank of Thailand reports an annual increase in property prices of approximately 4-5%, resulting in a cumulative price increase of 48.9% over the past decade.
- Thailand is home to numerous world-class resort areas, attracting many tourists all year round and generating significant demand for rental properties.
