Thai Property Reforms: A Boon or Burden for Foreign Buyers?

[watchcat]

17 hours ago, Nickcage49 said:

Get with the times Thailand. Foreign ownership is necessary.

 

Only for China men.

[BarBoy]

6 hours ago, DonniePeverley said:

Horrific for local Thais.

boo hoo hoo...

[baansgr]

On 11/30/2024 at 12:45 PM, bradiston said:

I was wondering if allowing a maximum ownership of 1 rai (1600 sq m) of land might appeal to overseas investors. Enough to build a decent sized pool villa, for instance. Thailand contains 375,000,000 rai, though of course only a tiny fraction of that would be available. For overseas investors, retirees, or second home seekers, the options aren't currently that appealing. A 30 year lease or a nominee company, which is now under intense scrutiny, or a condo. Or, putting everything in a Thai partner's name, which could then become subject to divorce/separation proceedings. Outright ownership would offer a much more secure way forward.

 

There might be complications. A blue book for instance can't be issued to a foreigner. And no doubt some would try buying multiple plots around the country. But that could all be looked at.

 

Just my ¢2 worth.

The whole world has seen the problems foreign property investment/ownership causes for the indigenous population. U.K, Australia and Canada are just a few examples. No need for it in Thailand, things are fine as they are👍

[Aussie999]

Here's one solution, allow a foreigner, married to a Thai national, to own 100% land and house, but on dying, it is transferred to his Thai partner.... this would also work on owning a business.. if the partnership fails, everything is sold, then monies are split 51/49, in favour of the foreigner who has made the financial investment, providing the relationship has exceed a threshold, eg 5 years.

[pomchop]

Yes and watch how fast China has 90 year leases on massive tracts of land...pay thais to grow rice then ship it all back to China.  Lets also build some massive Chinese communties all over Thailand.

 

They do realize there are about 1.5 BILLLION chinese basically next door who would change the entire country of Thailand very quickly.?  Add in all the investors from other countries and see how it works out for those who want Thailand to remain Thailand...spoiler alert:  Not Well.

 

Go take a look at shinaoukville in Cambodia and see how that worked out so far.

[john donson]

On 11/30/2024 at 11:48 AM, Polaky said:

If they were to follow Australia, then the price of realestate would sky-rocket to unbelievable heights, allow foreigners to buy land without restriction, and watch how steep prices will soar, but no with their backward policy of foreigners can only lease land it will remain stagnant.

 

in my moo baan, ZERO foreigners own, it is the greed of the agents and thai owners that increase the price of a 15 year old house from 5 to  7.5 million, in average...  

[crazykopite]

On 11/30/2024 at 12:18 PM, Jack Hammer said:

Batboy please note 
 

Thailand belongs to the Thai people. If the Thai government allows, land sales to foreigners, prices will escalate and the Thai people will not be able to buy land in their own country. That is what happened in Australia.  When I say land, I’m referring to vacant land and established homes.  I think a condominium ratio of 60./40 would not affect the market too much

The average Thai cannot afford to buy land and then build a house on it unless they marry or live with a foreigner who will have the funds to pay for it 

[crazykopite]

Funny how the super rich Thais own properties , football clubs around the world but they dont want foreigners buying plots of land in Thailand 

[bradiston]

7 minutes ago, crazykopite said:

The average Thai cannot afford to buy land and then build a house on it unless they marry or live with a foreigner who will have the funds to pay for it 

Not true at all. I bought my condo from a very sweet Thai lady who is also the concierge, for only 900k THB. With that she was able to build a 2 bed bungalow back home in Buriram for her mum for 700k THB. On a rai plot she already owned. People's perceptions are so distorted. Western values and figures simply don't apply here.

[bradiston]

6 minutes ago, crazykopite said:

Funny how the super rich Thais own properties , football clubs around the world but they dont want foreigners buying plots of land in Thailand 

Who says they don't? Seems most people on this forum don't. Why do they think they know what's best for Thais and Thailand? They draw ridiculous parallels with London, Paris, Berlin, Russian oligarchs, Saudi oil barons and the like. These people are, or were, stratospherically rich. The London property market was a no brainer. There is no comparison with a rai of land in Issan! Or even a beach plot on an island which will set you back a few bob.

[pomchop]

11 hours ago, crazykopite said:

The average Thai cannot afford to buy land and then build a house on it unless they marry or live with a foreigner who will have the funds to pay for it 

so the millions of thai houses all over thailand are the result of a thai with a falang?  Wow...that might be a big surprise to millions of thai homeowners.