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Investing in Thai property

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Investing in Thai property

Postby Guest » Thu, 23 Sep 2004 8:08 pm

Anything I should be aware of? pitfalls?

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jpatokal
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Postby jpatokal » Thu, 23 Sep 2004 10:20 pm

Well, pitfall number one would be that foreigners can't own land in Thailand...! Land ownership rights are also a royal mess. Be extremely careful...

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Savage
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Postby Savage » Fri, 24 Sep 2004 7:19 am

And don't try to get around it by buying the property in the name of your favorite bargirl...

Lengzai
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Postby Lengzai » Mon, 27 Sep 2004 2:33 pm

it's very tricky, I've been investigating this from a banking perspective. You cannot own the land, but you can own the house that is on the land...go figure????

As far as a bank loan is concerned...real estate agents will tell you to incorporate a compnay, however it must predominantly consist of Thai ownership...so the plot thickens.

Best option...buy something in Australia.

mikkis

Investing in Thailand - lease

Postby mikkis » Thu, 02 Dec 2004 6:02 pm

you don't have to own the land in order to invest on it. You can as a foreigner still do up to three 30year leases, ehich gives you 90 years to wait until the price goes up and then sell.

The property market seems to be hot now specially in Koh Samui, "the next Phuket" and the nearby Koh Phangan where there is lots of property for sale.


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