Condos For Foreigners
According to the Condominium Acts of 1979 (and following modifications) foreign nationals who have legally entered Thailand may be freehold owners (100% owner) of condo units, in buildings where not more than 49% of the unit floor space is owned by foreigners, with some exceptions in Pattaya and Bangkok. This is good news for anyone who has looked into buying a house or land in Thailand and has run into nothing but headaches. Though buildings in Phuket and Pattaya may have high foreign ownership, in Bangkok, Hua Hin, and other locations this condition is rarely an issue and occupancy rates across the country are still not high enough to make finding a condo a fairly easy proposition. But which one to choose, and is the condo lifestyle even for you?