The Thai government has become very vocal about property developers who are under-declaring the property values during a sale in order to lower the property transfer taxes payable. In the Thap Sakae district the Revenue Department has been asked to step into investigate tax fraud with regard to the transfer of property in the region.
If you have ever thought of retirement in Thailand then you only need to look at where foreigners own property. Currently according to the Thai Land Department 30% of all land in Hua Hin and Pattaya belong to foreigners either in the name of a nominee or in the name of their Thai wife. The Auditor-General Sriracha Charoenpanit stated that at this rate property in the future will become very expensive for your average Thai citizen.
If you are considering buying property in Hua Hin Thailand then there is a brief checklist for buying a condo or a villa in Thailand. Speak to a lawyer in Hua Hin for more detailed information. Before you sign any property or real estate agreement in Thailand always have an attorney view the documents before signature. There are a number of reasons for this.
If you are looking at buying property in Hua Hin then speak to us online or call us on our UK and US toll-free numbers. You could also simply walk into our Hua Hin office for assistance with regards to property in Hua Hin. With offices in all the major tourist cities in Thailand we at Siam Legal are able to offer you the best and most cost effective legal advice.
Buying a Wah of land or looking at a Condo unit 14 square Wah might not mean much to you however this is what will be in the contract when it is signed. Land measurements in Thailand are a bit strange. These are the basic land measurements in Thailand as listed. We have included a Rai conversion calculator to help you figure out what it is that you are buying and how large or small it really is.