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#1
10-04-2008, 23:27
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Coming to Phuket
Hello Everyone.
My husband and I are coming to Phuket with the view to live part of the time. Our son is getting married to a Thial national and are staying in Thailand they also have baby due later this year. They would like us to live there more and have mentioned about buying over there. I know the rules are different for house - land, that foreigners are not allowed to own but there are ways around this he has tried to explain but he himself is still learning. We would like to have a house rather than a 'cond'.. what is the best way to look at for house and land? Also because of baby we would like to be there 6 months say 3 months there, 3 months uk then back 3 months then back to Uk as we also have other chidren. At the moment for our next visit we have got 2 60 day visas as we will go off for a while and see Laos, vietnam etc then back for the baby. I know when u reach 50 there is a year visa where u have to have X amount in bank account but is there any other way round staying when u have a grandchild. Hope this does not sound confusing. Kind regards and thank you inadvance for any help .. 
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#2
10-04-2008, 23:36
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if you are only coming for 3 months at a time, why dont you just rent. rent can be very reasonable, especially if you are there during low season beats the hassle of owning
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#3
10-04-2008, 23:43
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We had thought about renting which we are going to do this time around, but still would prefer to have our own place which perhaps we could rent out when we are not using it, plus longer term it would also be an investment. We rent in UK at the moment and with such high house prices we are looking at other avenues.. who knows we could end up as Thailand as our main base and just popping over to the UK.. but am unsure on the ins and outs of staying longer in Thailand.
Thank you for your reply.
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#4
10-04-2008, 23:55
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Hi Debra,
Welcome to the forum  You pose some good questions, and some of the expats can give you very good advise re visa's and accommodation. There is a wealth of good info in the "Expats" section, and the Search function at the top of the page is your friend. Good luck with your families plans.
__________________
I want to die peacefully in my sleep like my Granddad Not screaming in fear like his passengers
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#5
11-04-2008, 00:12
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loads of things you can do regarding visas
non resident o is only £100 or so for a year just walk into the thai embassy in hull and they ll sorth that out you just have to leave every 3 months, over the boarder plenty of companys sort this out for you where in phuket are you going to be living as my friend has a property company in karon
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#6
11-04-2008, 00:18
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We already have the visas for our visit well the 2 x 60 days.. and hull is miles away.. the one year visa would prob be a good idea once we return after baby is born.. is that the one for the 0ver 55' or is that another one?
Regrads Debra
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#7
11-04-2008, 00:53
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pretty much anyone can get that visa if you ve got a half decent reason for been there your sounds as good as any
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#10
11-04-2008, 02:17
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It is offered by the Hull consulate on their application form as an example of what to put. And where does it say in the sentance it is your own family??? and did you miss the friends bit??? not too difficult really if you give it a little bit of thought???
__________________
If I havn't done it already, then i'm gunna do it today.
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#12
11-04-2008, 03:41
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If 3 months on and off, you can get by by normal tourists visas 60+30 days. Hull is otherwise famous for being generous and giving 1 year visas.
If you want to buy a house and not a condo, the law is still that only Thais can own land but you can own the building. You can lease the land or why not let your son's family buy the land for you and you lease it from them. Another way is to buy throught a company, but its being a lot more complex lately, as they want proof the Thais are not just nominees.
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#13
11-04-2008, 10:41
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Why buy when you can rent superb homes for small money? It's a renters heaven here because of the building frenzy going on. Far too many places being built for the numbers that want to buy or rent. Travel around and you'll see many half-finished estates where developers have got their fingers burnt. There are many owners here desperate to rent out.
__________________
 Thai girl saying:"This my brother - not my boyfriend"...
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#14
11-04-2008, 10:49
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yeah....please forgive me for saying this but it would be a very hard lesson to learn
I'm not sure I'd be trusting my daughter in laws family owning my home....why make it in the best interest of her (and her family) to leave your son....best to rent and make investments elsewhere where you and your money are safe and you know the playing field...the rules change too often in LOS
__________________
 ....but of course I was verey verey draaank at the taaame!!!
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#15
11-04-2008, 10:57
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Get out of that mindset.. Thailand is not the west and property market is not the same.. Plus sales of second hand homes are VERY illiquid, I have a mate with a house now on the market for 4 years at a reasonable price. Buy in the UK, rent it out, use that money to rent here, its legal, safe, and secure.
__________________
Men have only 2 emotional states, hungry and horny.. So ladies, if you see me without an erection, make me a sandwich.
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#16
11-04-2008, 10:59
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Re visa's..
For a long stay visa where you dont leave the country its over 50 and 800k in a Thai bank also for 3 months prior to the application. However as a UK national Hull will serve your needs in supplying 1 year visa's just for asking for them. you then have to leave the country at a minimum of once per 90 days.
__________________
Men have only 2 emotional states, hungry and horny.. So ladies, if you see me without an erection, make me a sandwich.
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#19
13-04-2008, 14:18
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how long has your son known his gf/wife? i dont know how much you want to be involved with the family if he doesnt knwo them all that well
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#20
13-04-2008, 14:35
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Really until you have lived in Thailand for a year or two time incountry not in short term vacation mode) dont even think about bringing in more than simply spending money.
The suggestion of putting it in Thai names, the desire to 'work around' the land ownership rules, the feeling of wanting to be 'in property'.. All these are massive alarm bells of the kind where people lose life savings.
__________________
Men have only 2 emotional states, hungry and horny.. So ladies, if you see me without an erection, make me a sandwich.
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#21
13-04-2008, 17:35
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Morning
Thank you both for replying, after pondering on things last nite for now we are going to take the option of renting. I will explain a little more of what was put to us.. My son and his g/f are buying a small plot of land and are going to build a one story twin house. He asked us if we would like to have the other half.. The building cost and land is not silly money.. But after reading your advice we will just rent for now Thank once again
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#22
13-04-2008, 18:30
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No and if you view it as a disposable amount of money, purely for you to use and not as an asset then your possibly OK (depending on getting usufruct or lease issued)..
But the western mindset is a home is an asset, one thats usually convertible to cash in a few months, one that appreciates, one that you have clear and obvious title to.. all those issues are questionable.. Theres a huge range of nice places to rent.. Even here on phuket where things are about as expensive as they get outside of downtown bangkok a nice small home can be found for 10 - 15k, a very nice western standard home can be found for 25 - 35 and really nice places with pools a bit above that. Its a much safer and smaller investment to pay as you go for a while IMO.
__________________
Men have only 2 emotional states, hungry and horny.. So ladies, if you see me without an erection, make me a sandwich.
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#23
13-04-2008, 21:14
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hi LvinLOS
thanks again for your advice.. WE have lived in Spain but purely as a home and not as an investment so we do understand the pros and cons, although buying in Thailand is still a lot different than buying in Spain, and Spain was totally different from buying in UK... We will rent for now
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#24
13-04-2008, 23:15
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The reality here is that land prices in certain parts of Phuket have risen 4-fold in just a few years. So, owning IS a great option as long as you cover yourself and pick the right place. Yes, stay in Phuket for a year or so before deciding, but owning real estate even in a foreign country is just about ALWAYS a better option than renting if you do your homework first. Renting is NEVER a good idea unless you plan on spending time in-country for just a little while or like to move around a bit...
If you have the balls to invest in Thailand, then go for it IMHO. Sure, it's not like buying property in the West, but it could have a great payoff in the end if you are in for the ride...
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#25
13-04-2008, 23:34
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it is not always a better option when you consider the relative inexpense of renting and i have never seen anyone be able to just sell their house in Thailand all that easy so i wouldnt say buying an an illiquid market is always best over renting people can say your house is worth x amount and has appeciated x amount, but those are just #'s. the only #'s that count are the #'s after a sale.
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#26
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