Expert Info

Posted by MissMay
on 17 Mar 2016
We are a Norwegian family who are doing some research into moving to Thailand for a longer period. Our dream is to buy a small resort close to the beach. Not one of those 5 star resorts, but rather a 2-3 star bungalow resort. Preferably a "fix'r up'r". We have looked at locations as Lanta, Samui, Hua Hin etc. We seem to have fastened a bit on Lanta for several reasons, like, the Swedish school, prices on such properties and the fact that its not as busy as Samui or Hua Hin, with that referring to traffic and being able to drive ourselves. We hope you can help us with recommendations on good and trustworthy real-estate companies? We are also open for other locations and advice about what to do and what not to do? if you have advice on other locations we also like you to mention something about schools and why this location is good. We would also like to hear from others who have done this similar things in Thailand. We need more information about rules and regulations, the financial side of it, like how much can we expect to earn and how much do we need in starting found and more. Hope to get some good advice!
MissMay on 19 Mar 2016
we are thinking about something between 8-15 bungalows. Our budget is approx 4-5 mill baht, but that depends on the place as well.
Thaweewan on 25 Mar 2016
Hi MissMay, Please allow me to give a little opinion from an agent side, between 8-15 bungalows. Your budget approximate 4-5 mill baht this is per key or the whole 8-15 bungalows THB 5 Million? if so this is not possible because land alone is already this price. TJ
Anonymous (not verified) on 25 Mar 2016
There is a couple of resorts at this price on the market on Lanta today. We are not looking to buy a 4-5 star resort. But rather a resort that needs work to get better.
Pinot on 17 Jul 2016
My advice is to not try and run a business in Thailand. Chances of success are low because you will have to deal with the Thais. Go live in the area you think you want to do business for a few months and get local advice.