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Posted

When I recently bought a condo at Fair Properties in Pattaya I was told that measures will be taken in order to restrict foreigners owning more than one condo in LOS. Apparently this measure is directed towards curbing the 2:nd hand rental market.

When I asked what the measures would be I was told that the authorities would implement taxation on any additional condo in excess of the first one. I also got some vague info that additional purchase would be outright prohibited in the future.

Anyone has heard something with regards to this? I inquire because I plan to buy a new condo for rental purposes..

Cheers, Tony

Posted

This regulation has been brought in ( proposed ) in China. I have not heard anything about it in LOS perhaps the wires have become a little crossed.

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