Property Investment in Phucket

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This topic contains 15 replies, has 9 voices, and was last updated by Profile photo of Anonymous Anonymous 4 years, 5 months ago.

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  • #56856
    Profile photo of marios
    marios
    Participant

    What do people think of this,I would seriously think twice about investing in property at the moment,the Co ( Elysian Investments) behind this seem to have a global presence and showcased the Aphrodite hills resort in Cyprus amongst others,I’m trying to dissuade my daughter from investing in property,I don’t know what the far east market is like, she lives in Dubai and works for Emirates airlines and is asking my opinion so you knowledgable lot on here I’m asking what do you think.

    Deflector shields on full power

    http://platinumlist.net/temp/newsletter/castlewood.html

    http://www.prlog.org/11784271-elysian-encourage-european-investments.html

  • #109308
    Profile photo of Anonymous
    Anonymous
    Participant

    Thailand is a big no no since you can never be the real owner of any sort of property or company if you are not from Thailand yourself. There are ways to try and get around this but nothing will mean anything when the goverment comes and takes it away from you.

  • #109309
    Profile photo of Anonymous
    Anonymous
    Participant

    I looked at the Thai property market about eight years ago and shied away from it, primarily for the reason Ardun has given. I was promised than that the law was changing ‘within a couple of years’. I was sceptical then and am glad I was.

    Also, were I to buy a property in Thailand, Phuket would be the last place I’d choose. It is horribly overdeveloped and suffers all sorts of problems as a consequence.

  • #109314
    Profile photo of angie
    angie
    Spectator

    Thailand is also where Ocean Estates of Spain fled to in order to ply their rather dubious if not despicable trade on more unwary punters, and various other agents from Spain also went there when they realised the game was up in Spain and the market was bombing 😡

  • #109332
    Profile photo of Chopera
    Chopera
    Participant

    I once looked into Sri Lanka property and got put off for similar reasons. It’s not just the ownership/land grab issue, but also as a “rich” foreigner owning property you are a soft target for every scam and racket going.

  • #109333
    Profile photo of angie
    angie
    Spectator

    chopera, I don’t think foreigners can individually own villas in Thailand but they can own apartments individually, but it’s ok to own villas with a Thai, hence the Thai bride thing with so many Westerners, maybe why there are so many elderly men with young brides who then inherit the lot after pleasing the old gents for a few years 😆

  • #109342
    Profile photo of Chopera
    Chopera
    Participant

    @angie wrote:

    chopera, I don’t think foreigners can individually own villas in Thailand but they can own apartments individually, but it’s ok to own villas with a Thai, hence the Thai bride thing with so many Westerners, maybe why there are so many elderly men with young brides who then inherit the lot after pleasing the old gents for a few years 😆

    Sri Lanka has some restrictions regarding nationality – foreigners can buy, but they have to pay something like 100% tax on the purchase! I looked into it because I could possibly get Sri Lankan nationality, however the general insecurity of being a target for corrupt officials, police, etc put me off (it’s a beautiful place though, with fantastic people)

  • #109350
    Profile photo of Anonymous
    Anonymous
    Participant

    @angie wrote:

    chopera, I don’t think foreigners can individually own villas in Thailand but they can own apartments individually, but it’s ok to own villas with a Thai, hence the Thai bride thing with so many Westerners, maybe why there are so many elderly men with young brides who then inherit the lot after pleasing the old gents for a few years 😆

    Foreigners can’t own villas or land. Any setup that is trying to get around this is illegal.

    Read this about the “condominiums” http://www.samuiforsale.com/knowledge/practical-legal-for-condos.html

    Basicly you have control over nothing.

  • #109355
    Profile photo of angie
    angie
    Spectator

    Ardun, bet there’s some agents there offering a free Thai bride with every villa purchase 😆

  • #109358
    Profile photo of katy
    katy
    Spectator

    What put me off that place is the huge amount of aging Western men walking around with 17 yr old (and younger!)Thai women 🙁

  • #109361
    Profile photo of Anonymous
    Anonymous
    Participant

    ” there’s some agents there offering a free Thai bride with every villa purchase.”

    In the present crises it should be buy one villa & get two brides !!!!!!!!!!.

  • #109369
    Profile photo of marios
    marios
    Participant

    @shakeel wrote:

    ” there’s some agents there offering a free Thai bride with every villa purchase.”

    In the present crises it should be buy one villa & get two brides !!!!!!!!!!.

    Ha ha I have already relayed all this discussion to my daughter thanks folks,I think she got the message.

  • #109411
    Profile photo of mike
    mike
    Participant

    @katy wrote:

    What put me off that place is the huge amount of aging Western men walking around with 17 yr old (and younger!)Thai women 🙁

    What put me off was that a lot of the men seemed to think that they had found “the one”. I remember saying something funny to a waitress in an English bar, and she asked me out! I think her reasoning was that she would probably end up with an aging Western man so she might as well go for one with a sense of humour.

  • #109416
    Profile photo of peterhun
    peterhun
    Participant

    @mike wrote:

    ! I think her reasoning was that she would probably end up with an aging Western man so she might as well go for one with a sense of humour.

    Maybe so, but remember Thai women ask men out, they are aggressive about it.

  • #109424
    Profile photo of mike
    mike
    Participant

    @peterhun wrote:

    @mike wrote:
    ! I think her reasoning was that she would probably end up with an aging Western man so she might as well go for one with a sense of humour.

    Maybe so, but remember Thai women ask men out, they are aggressive about it.

    Well, as it was a British bar it wasn’t really like that. The waitresses were pleasant and friendly but they were actually working as waitresses and there wasn’t any hanky panky going on. I left with my honour intact.

  • #109439
    Profile photo of Anonymous
    Anonymous
    Participant

    I’m actually surprised that so many think its so weird that thai women try to hook up with westerners. It wasn’t to long ago that the same happened in the western world. Older men with a stable economy have always had it easy to be picky in poor countries. You married not because of love or whatever you want to call it. Same happens in Gambia but there it’s women that does the same thing.

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