If you are looking at buying property in Thailand then ask a property lawyer in Thailand to do a due diligence report for you on the property and the developer of the property. This will lessen the risk of losing your investment to a bad developer.
December 1, 2010
Comments Off on Construction Agreements in Thailand
If you look at the building industry today in Thailand you note that many condo units are sold by what is called buying offplan. In other words the developer builds the property while taking in funds to complete the project. It can be risky as was shown in 1997!
If you are looking at buying real estate in Thailand then you need to speak to a Thai lawyer about the types of title deeds which are available in Thailand. Some are simply title deeds which only allows you to hold the property but not sell it. Be warned!
If you are considering buying property in Thailand then first consider the option of leasehold agreements. There are many advantages as foreigners are not allowed to own land. This however does not mean you cannot lease land. Speak to us about the options.