Re: Re: Property Investment in Phucket


@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)