Resale / Secondary market

Definition

Market for the resale of real estate properties in Thailand, as opposed to the primary market (off-plan / pre-sale new developments). Resale typically offers prices discounted 10 to 30% compared to equivalent new properties, immediate delivery, and visible quality. Disadvantages: Chanote must be verified (forgery, encumbrances, mortgages), Foreign Quota availability must be confirmed, maintenance condition varies. In Pattaya and Phuket, the resale market currently offers the best buy-to-let returns.