The industrial and service sectors are the main sectors in Thai gross domestic product. Thailand’s agricultural sector produces a GDP lower than that of trade,logistics and communication sectors.Therefore,investing in real estate will be a boost in income according to he comparison accrued from general GDP.Also, the unemployment rate is low hence constant flow of income to the locals.
Thailand is a country which is embracing the international community
The legislation which regulates real estate transactions does not provide as much consumer protection as in many other countries.in fact,apart from legal fees,there are four other types of tax which must be paid by seller in a real estate a transfer fee,stamp duty,a specific business tax and withholding tax .these taxes totally total just under 6% of selling price.
Thai land prices are always at slow increase and these land opportunities are cheap but not allowed to be owned by foreigners.for locals, there are few legal obligations as there are few established law firms.
Fertility of land in Thailand is high.it is the worlds largest rice producer.Also it produces large quantities of vegetables and fruits.In conclusion real estate is the best investment due to its low competition and vast opportunities as compared to land.