Article in today's Sunday Times about the recent changes in Thailand which have effected the property market in Thailand. Go to Times Online and look for the property garden section.
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lockwood74
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Randy Cornhole
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That is one of the issues of trying to understand housing
We view housing as an investment, while most Thais think of it as expense. As a result, we try to upgrade our investments and wish to have some sense of where markets are heading. With no solid information on transactions, everything falls down to peoples' opinions.
While some in the field have more informed opinions, it really just is perception as opposed to statistiics rooted in facts. That is why this kind of artlicle does little to help the prospects of those of us who own homes here. If this kind of story gets a lot of play abroad, the pool of buyers may get smaller, letting air of of the market here.
Who knows what really is going on in real estate here? Certainly not me.
While some in the field have more informed opinions, it really just is perception as opposed to statistiics rooted in facts. That is why this kind of artlicle does little to help the prospects of those of us who own homes here. If this kind of story gets a lot of play abroad, the pool of buyers may get smaller, letting air of of the market here.
Who knows what really is going on in real estate here? Certainly not me.
Burger,
I think the idea was about the general feeling in Thailand these days with clampdowns on foreigners and foreign businesses now coming every couple of months.
This is unlikely to change as the junta solidifies its position.
It doesn't create a safe and secure investment environment so the emphasis on thinking twice or looking at alternative countries is strong, and rightly so.
I think the idea was about the general feeling in Thailand these days with clampdowns on foreigners and foreign businesses now coming every couple of months.
This is unlikely to change as the junta solidifies its position.
It doesn't create a safe and secure investment environment so the emphasis on thinking twice or looking at alternative countries is strong, and rightly so.
Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? - Hunter S Thompson
My point was that throwing in items to un-related to property but related to currency traders and stock market dealings, is just typical press sensationalising.
An extract from the article:
There has been no clampdown on foreigners setting up companies to buy property at all, as far as I know.
Although leasing does seems to be the favoured route now amongst Solicitors and Real Estate Agents.
Burger
An extract from the article:
Totally incorrect, the restrictions on foreign ownership was specifically for List's 1 and 2 of the FBA. Companies set-up for property ownership are done under List 3 of the FBA.The latest blow was an announcement by the Thai government that it is to restrict foreign ownership of the companies that have been used by many British and other nonThais to buy holiday homes
There has been no clampdown on foreigners setting up companies to buy property at all, as far as I know.
Although leasing does seems to be the favoured route now amongst Solicitors and Real Estate Agents.
Burger
Regardless of what small print was missed out, the article still did the job of outlining the clampdowns and restrictions upon foreigners in general that have become increasingly more common in todays Thailand.
This and a number of other factors spurned my thread here and in essence influenced my decision not to invest in Thailand despite having lived here for almost 8 years. However I am just one person with one opinion.
This and a number of other factors spurned my thread here and in essence influenced my decision not to invest in Thailand despite having lived here for almost 8 years. However I am just one person with one opinion.
Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? - Hunter S Thompson
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Guess
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I beseech you all.
Please do the following:
Understand who owns the publication.
Read it again from start to finish (and I mean finish).
The very last two lines are the punch lines and the "lazy journalism" that Burger suggested looks even more than just lazy to me. It does not contain one single tangible fact. A couple of facts such as ownership of apartments is actually incorrect in my understanding. The article could have been written by anybody in a bar somewhere in Phuket, Koh Samui or even Hua Hin who overheard a conversation or got chatting to a local who had some knowledge of the business..
If you notice it starts of with a negative vibe and then gradually changes to a positive one with:
Claire Brown, of UK-based Claire Brown Realty, also warns against overreaction. “The basic facts haven’t changed,â€
Please do the following:
Understand who owns the publication.
Read it again from start to finish (and I mean finish).
The very last two lines are the punch lines and the "lazy journalism" that Burger suggested looks even more than just lazy to me. It does not contain one single tangible fact. A couple of facts such as ownership of apartments is actually incorrect in my understanding. The article could have been written by anybody in a bar somewhere in Phuket, Koh Samui or even Hua Hin who overheard a conversation or got chatting to a local who had some knowledge of the business..
If you notice it starts of with a negative vibe and then gradually changes to a positive one with:
Claire Brown, of UK-based Claire Brown Realty, also warns against overreaction. “The basic facts haven’t changed,â€
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