| I own my condo apt in Pattaya since 2000. Bought directly from a farang, dirt cheap and still standing. It's been paid back many times frankly, and since I do travel a lot in the region, just for not having to look for a room everytime I come back from a trip, is great. Notwithstanding cooking, and building up a collection of music and books, and just that cozy feeling of being home. As an advice I would not put any money I can't afford to lose in anything (still, or running!) in Thailand. Condo was less than 10 000$ back then. there is quite a chance dollar wise, It's twice the value now.
Maybe it's changed, the law was IMHO that the ratio of thai to farang ownership is 60 to 40% for condominiums. Also, the money (or some) must come from outside Thailand, but we did a bit of retro-action to get the correct form filled. Also, make sure the land department spells your name right in thai. This too may have changed, but no english on my title, and I know they completely misspelled my name (idiots!) and on top of it, i changed nationality since then. I don't think I can ever sell it, and I don't care! :-)))) |