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Bangkok Post, Thailand, To The Point Column.

Bangkok Post (Bangkok, Thailand)

| November 03, 2003 | COPYRIGHT 2003 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Nov. 3--Most foreigners who have stayed in Thailand for an extended period of time have quite likely come to the conclusion that owning land in the country is not a viable option. Although the Thai Land Code permits foreigners to acquire land by virtue of the provisions of a treaty giving them the right to own immovable property for residence and other limited purposes, no such treaty rights exist.

Aside from the special exceptions to own condominium units under the Condominium Act, which should be approached with the aid of qualified legal assistance to ensure such an investment is secure, few alternatives exist to the majority of foreigners who wish to own land in Thailand.

Consequently, the vast majority of foreigners living and working in Thailand are faced with the prospect of renting or leasing an apartment, condo or house. Anyone who has ...

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Source: HighBeam Research, Bangkok Post, Thailand, To The Point Column.

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