Independent thesis Basic level (degree of Bachelor), 15 credits / 22,5 HE credits
Buying real estate property is a complex process for the uninitiated. A
potential buyer has to keep track of laws and regulations affecting the
property. The purchase of a property is for many also the largest deal made in
life and because of that it is especially important to make sure everything gets
A real estate property purchase contains a number of different elements, such
as engineering data and inspection of the property and documentation to make
sure that the signing of contracts and clauses are done according to the laws of
that country. These purchase process steps are ordinary people not familiar
with, and therefore they hire the help of a real estate agent.
Buying a property abroad complicates things because the countries have their
own laws and rules that make them different from the Swedish rules which the
Swedish real estate buyers are accustomed to.
Our thesis is about exploring if a Swedish buyer knows the buying process in
foreign countries, or whether they rely on the broker they hired. The countries
we have chosen to examine and compare against Sweden is Spain, Thailand
Our questions will be answered by interviewing buyers about how they feel
about their buying process, if they encountered any problems before, during
or after their purchase, and if they are happy with their purchase after the
Our study shows that the buying processes in all four countries are generally
equal to each other. Our conclusion is that a Swedish property buyer of
foreign real estate does not devote more time to obtain information on either
the buying process or the documents needed in a shop, which maybe they
should do in the case of a foreign market. They rely instead on getting all the
necessary information from their hired real estate agent and that the agent
informs them on what is important.
The respondents in our survey have all answered that they had confidence that
the intermediary has acted properly and know what is right.
We have discovered that the agents in Thailand have failed to inform their
buyers about the actual rules of the land lease agreement. This may, or may
not, have serious consequences for a buyer in the future if the land owner.
We also come to the conclusion that a buyer does not necessarily need to be
familiar with laws and rules around a property, but this requires that the real
estate is. However, it has been shown that agents do not always have an
education and it is therefore not at all certain that the agent has that
knowledge. We believe that this is one of the negative consequences of that
there is no requirement of any sort of education for a real estate agent in these
countries. With a regulated law, the buyer (and seller) situation in the business
would be made safer.
2011. , 78 p.