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Expats own 30% of Hua Hin and Pattaya

Foreigners own 30% of Hua Hin and PattayaIf 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.

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Land Scams in Thailand

Land Scams in ThailandOver the years there have been a number of land scams in Thailand. The biggest and best known was the land scam in Samui where developers in Koh Samui has been selling /transferring more title deeds than there are on the island. The latest has the same problems except this time it is in Phuket. Take advice as ensure that before you buy any property in Thailand that you do a due diligence report on the title deed to ensure that the deed is correct.

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Buying a House without Land

Buying a House without LandIn Thailand you may not own land as a foreigner however you can own the structure on the property. Owning a small piece of land in Thailand is difficult but not impossible however for the size you are allowed to buy and the amount of investment you need to place in Thailand the cost is not worth the effort. Most simple buy the house in their name while they lease the land.

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Hua Hin Property

ExecutiveTowersIf 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.

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