thefezman Posted January 16, 2007 Report Share Posted January 16, 2007 Hi Guys, I have been looking for the first time to purchase property in LOS and would like some feedback on any perils or pitfalls which might await me. I have seen a certain construction in Hua Hin which really grabs my attention and is due for completition this month. I fly out to LOS in March for a short period of time and was going to use my days to view property. The property would be something I would holiday in and not live in. I would also think about letting it out when Im not around. If anyone can advise me on the financial side of things that would be great. i.e. costs incurred when purchasing, service charges etc. Has anyone got any horror stories or these days is it a realistic option? Any feedback is welcome. Thanks! Link to comment Share on other sites More sharing options...
Nervous_Dog Posted January 16, 2007 Report Share Posted January 16, 2007 If it is too visit, then DOONT buy it, it wil be way from the beach, and the money you save you could go elsewhere for a holiday when the mood takes you. If you believe the investent hype, then ignore the above as your doomed DOG Link to comment Share on other sites More sharing options...
Mentors Posted January 16, 2007 Report Share Posted January 16, 2007 i have looked around also in the last weeks, but i'm not shure if i need really a property in a Junta ruled country Link to comment Share on other sites More sharing options...
cardinalblue Posted January 16, 2007 Report Share Posted January 16, 2007 Overall thai real estate is not a great investment... sure some things rise and people cash in but most real estate seem to be iffy due to overbuilding, low quality, thias don't like second hand homes, etc Second, unless you are thai or planning to incoporate you can't own. Why jump through hoops if you can buy real estate in your own country and probably know a lot more about than compared to the thai markets.... If it is going to be your prime residence, then the second objective could be as an investment if lucky... CB Link to comment Share on other sites More sharing options...
shygye Posted January 16, 2007 Report Share Posted January 16, 2007 The regulations for farang ownership of condos is changing. Only if you can afford LOSING all your investment should you buy in LOS. Link to comment Share on other sites More sharing options...
Guest Posted January 16, 2007 Report Share Posted January 16, 2007 It is? What's the news?? Link to comment Share on other sites More sharing options...
shygye Posted January 17, 2007 Report Share Posted January 17, 2007 A lot of the condos have been bought through the use of Thai nominees to get around the 51% Thai condo ownership regulation. The government is poised to make this illegal. Link to comment Share on other sites More sharing options...
sekander Posted January 17, 2007 Report Share Posted January 17, 2007 Yeah, but you shouldn't have to worry about the 51% rule if you are one of the first 49% owners, should you? Link to comment Share on other sites More sharing options...
Guest Posted January 17, 2007 Report Share Posted January 17, 2007 Surely if they do this the condo market is going to fall apart, no way can that many Thais afford condos with the current asking prices so inflated... As an aside, there's a lot of unfinished condo developments about now...with no work being done on them... Link to comment Share on other sites More sharing options...
shygye Posted January 17, 2007 Report Share Posted January 17, 2007 Yeah, but you shouldn't have to worry about the 51% rule if you are one of the first 49% owners, should you? How are you going to prove in a Thai court that the 51% rule does not apply to you? Link to comment Share on other sites More sharing options...
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