Thai Property Crackdown Halts Foreign Villa Purchases Amid Loopholes
A new crackdown on property ownership in Thailand has caused foreign buyers to pause their villa purchases. This comes as the government closes nominee loopholes previously used for foreign ownership.
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Thai property crackdown: Foreign buyers hit pause on villas as nominee loophole closes
Thailand’s crackdown on a loophole that effectively bypasses its restrictions on land ownership by foreigners is causing prospective buyers to delay purchase decisions on luxury villas in resort destinations such as Phuket and Koh Samui, according to agents. Bangkok has stepped up its scrutiny of business and property ownership in the country, with the Department of Business Development (DBD) flagging 11,426 companies on Koh Phangan and Koh Samui where foreigners hold stakes, accounting for...
By Cheryl Arcibal
Read full article →Thai property crackdown: Foreign buyers hit pause on villas as nominee loophole closes
Thailand's crackdown on a loophole that effectively bypasses its restrictions on land ownership by foreigners is causing prospective buyers to delay purchase decisions on luxury villas in resort destinations such as Phuket and Koh Samui, according to agents.
Read full article →
