I have been reading Thai law on buying. Outsiders can’t own property what is best way to retire in Thailand?
Thai law does not support any of the present buying methods used by real estate people in Thailand. People are going to be shocked when they find out the property they bought does not belong to them…Even if you give the money for a house to a partner or wife, they have to prove to the Thai government that the money they purchase with came from them. 30 year lease is the same if you read the law. The property is not yours. Even the 49% rule for condos is illegal and Thai government is starting to jail their own people who are selling property in this manner. I would like to retire there but seems no way around these rules.. Lawyers here say there is no loopholes and many of the lawyers you use in Thailand all have interest in these properties so they will come up with all kinds of documents they say will cover your purchase. Anyone know something I don’t about purchasing property in Thailand?
Tags: Outsiders, People, Real Estate
December 8th, 2008 at 2:14 am
why not rent a family , live in a house rent a room or support the family , at 40 bots to the dollar that is some cheap living
December 10th, 2008 at 6:15 am
I’m afraid your source of information is somewhat unclear. Foreigners can buy/own condos.. there is no prohibition and I do recommend buying a condo.
Buying land is more complicated.. depends on your visa status as well. If you are going to start a business, then you can buy land in business’s name, etc.
December 10th, 2008 at 11:47 pm
Rent is easy and cheap. Tons of foreigners living this way for years. And when the stupid government make some new stupid laws against foreigners living in Thailand, its easy to pack your thing and move on to Vietnam where many foreigners already is living fine without these stupid Thai laws continue changing.