Thailand real estate market has shown that it does not follow the rest of the global market. The latest news is very good with the Thai government lowering transfer fees last year. Continued growth in Asia is excellent news for property investment in Thailand, especially in the emerging markets of Thailand’s islands of Koh Samui and Koh Phangan, where growth is primarily fuelled by spiralling regional tourism,” said Liam Bailey, head of international research at DSR.
“Property prices in Koh Samui, an island with more five and six star resorts than any other in Asia, grew by 50 per year, in 2006 and 2007.” While purchasing property in the country is difficult – with strict ownership criteria in place – it is possible for overseas citizens to acquire investments through the use of local businesses. Now this is where property in Thailand does become tricky. Buying in the name of a local business has been used for some time however there has been much talk about changes to accomodate investors. This talk has been going on for more than 15 years and today most people still use nominees.
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