Thailand Expats

GGW · #1 29-06-2006, 20:25

Was all set to purchase a home last month when news of the government tightening up on holding companies came through. I put everything on hold but haven't heard much since. Has anyone had direct experience or heard anything. Any help appreciated

LivinLOS · #2 30-06-2006, 10:21

Phuket is not seeming to be enforced as compared to Pattaya where I hear it is being rigidly enforced.

The whole thing may blow over but it once again emphasises the fact that if you want to play tricks with Thai law then expect to be in a weak legal position. This is not the west and the real risk of losing the lot is something you must remember.

GGW · #3 30-06-2006, 14:48

Quote:

Originally Posted by LivinLOS

Phuket is not seeming to be enforced as compared to Pattaya where I hear it is being rigidly enforced.

The whole thing may blow over but it once again emphasises the fact that if you want to play tricks with Thai law then expect to be in a weak legal position. This is not the west and the real risk of losing the lot is something you must remember.

Thanks. Thats what I'm worried about, may have to just look at a condo

Mav · #4 30-06-2006, 18:40

Amazes me why guys always seem overly keen to buy property in Phuket.....like it's part of the falling in love with a thai girl/LOS process.

Experienced Property Investors will advise that it is wiser to but into a market your more familiar with. Not to say that some have prospered in property investment in LOS over the last 20 years. However the given the current market....mmmm good luck.

For me if l had the means to make another property investment and was planning to live in LOS, l would buy a property in my home city, rent it out and rent in LOS.....especially with Thai Law the way it is (usually making it hard for Farangs)

GGW · #5 01-07-2006, 10:46

Quote:

Originally Posted by Mav

Amazes me why guys always seem overly keen to buy property in Phuket.....like it's part of the falling in love with a thai girl/LOS process.

Experienced Property Investors will advise that it is wiser to but into a market your more familiar with. Not to say that some have prospered in property investment in LOS over the last 20 years. However the given the current market....mmmm good luck.

For me if l had the means to make another property investment and was planning to live in LOS, l would buy a property in my home city, rent it out and rent in LOS.....especially with Thai Law the way it is (usually making it hard for Farangs)

Actually I'm looking in Bangkok were I live now. I actually have retired here and live off rents in Australia as you have described in your last paragraph, but I'm sick of living in a condo after livng on 5 acres in Australia. Maybe I'll just see what happens in the next 6 months

landofsmiles · #6 01-07-2006, 11:06

So why not RENT something you do like living in?? Renting is very cheap here.

LivinLOS · #7 01-07-2006, 11:18

Certain segments of the market are not covered very well by rentals.. Sure condo's flats and small houses are easy but higher end / nice stuff isnt so easy (or at least it isnt here)..

Also the temptation to buy land and build is fairly strong as you get exactly what you want and its at build cost price.