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Old 08-09-2008, 08:09 AM
Sean@Phuket Sean@Phuket is offline
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Quote:
Originally Posted by higherstate View Post
Hi, any more news on any changes to the foreign ownership laws?
Hi higherestate

The laws in Thailand have not at all change just yet, there are always rumors circulating of change taking place but as yet nothing concrete. However, are you aware that a foreigner can own a condominium outright?

The rumors always center around leases changing from 30 year to 75 year terms but nothing has come into the fray so don't take to much notice if you here otherwise.

At the moment Thailand buyers continue to use the 30 year lease with an additional 30 + 30 years after, some choose to set up 'proxy' companies to own through the company and of course some own condominiums outright.

Hope I am of some help

Sean
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