The current chaos of Thailand’s flood situation might prove somewhat of a deterrent for foreigners contemplating investing in Thai real estate. However someday soon the floodwaters will recede, and Thai real estate will be as popular as ever among overseas buyers interested in purchasing retirement homes, vacation getaways, or becoming shareholders in resort franchises. The floods have not, after all, washed away the major lures of investing in Thailand: a warm and hospitable culture, delicious food, blue seas, lush jungles, and a low cost of living. Furthermore, saavy investors might actually see the current situation as an excellent business opportunity: home prices are dropping, and real estate sellers and agents are currently desperate to get estates off of their hands.
Thailand has a bit of a bad reputation for being a major “buyer beware” market, a factor which deterred foreign purchasers long before floodwaters swept throughThailand’s capital. Certainly, Thai real estate scams are numerous and infamous, but you don’t have to be avictim to them. Well informed counsel on how to avoid Thailand real estate fraud from a Thai attorney can save potential buyers a great deal of blood, sweat, tears, and (most importantly) money.
{ 0 comments… add one now }