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Foreigners generally cannot obtain a mortgage from local Thai banks to finance the purchase of their Thailand property investment. Most of the financial institutions in Thailand provide loans for real estate purchases to Thais and Thai Companies.here are generally two other options available to foreigners to finance their Thailand house or condo purchase. Historically, many foreign buyers had taken a mortgage against their property in their home countries. This is more difficult than ever given the economic crisis, yet still an option for some.
Many Thais trace their roots to China. Officially, 14% of the population of Thailand is Chinese, but depending on current fashion, a far greater percent may identify themselves as Thai-Chinese. Whatever the facts may be, most Thais like any excuse for a party - or a sale - and the Chinese or Lunar New Year is no exception. The holiday is celebrated all over Thailand, especially in those areas with large populations of Chinese, such as Bangkok, where the city's Chinatown area is usually the scene of a large block party. 1  Red is the color of the day on Chinese New Year. 2  The Odeon Gate is the center of many of the official celebrations.