Hi guys, I wasn't too sure where to put this thread so I've decided to put it here.
Well as the title indicates I am considering buying property in LOS as I have come into a bit of money and I'm thinking of selling up an existing property that I have acquired. My mother has strongly discouraged me to invest any money in property in Thailand so is thus proving as useful as a legless footballer.
So here are a few questions:-
- I have a Thai passport but I am not resident in the country, does that mean I can still own the property outright? Plus I am not too sure I am supposed to have dual nationality.
- Is it safe to own a holiday home if you aren't there the majority of the time? My mother's friend (so she tells me) built a holiday home near Pattaya and it pretty much got stripped of everything including the light bulbs - is this a common occurrence?
Thanks