Quote:
Originally Posted by Norton  Quote: |
Originally Posted by Loy Toy Hope they change the rules and allow a foreigner, with the correct qualifications to buy no more than 1 rai of land and for the purpose to build one house. | Makes a lot of economic sense to the country but for now I think a little too politically sensitive to introduce. Prevalent mind set in your average Thai is if allowed, foreigners would by up the whole country. Clearly an unrealistic assumption but that's the way they feel. Will take some more time but I believe limited land ownership will be allowed at some point in the future. |
Agree Norton 100%
The qualifications (and for for foreigners to buy land) could be tailored to keep the riff raff out and not see the sell off of Thailand and as follows;
For younger applicants>
1. Have a work permit (uninterrupted) here for at least 5 years.
2. Be married with at least one child with the child going to school here.
3. Buy the property outright and without any bank borrowings or mortgage.
4. Limit the number of permits per year and according to the permanent resident status application approvals system.
5. To apply for a permanent resident status.
For retiress>
1. Be financially secure.
2. Buy the property outright and without any finance.
3. Hold proper health insurances etc.
4. Apply for permanent resident status.
Just a few ideas that should not offend any Thai.