The due diligence process is important when buying real estate in Phuket. But one of the most serious issues it can uncover is when a condominium project is found to have been built on national forest. Any projects built on land found to be owned by the forestry department are very likely to one day be demolished. This means investors may end up losing everything.
Thailand's Environmental Impact Assessment (EIA) establishes, amongst other things, what steps a developer must take to ensure that the development is beneficial to Thailand and its people, and that it doesn't have any potential negatives on the surrounding environment.
It does not matter how good things look in marketing material, or how they sound in jazzy sales presentations. Every company, no matter their size, can face difficulties in a changing economic environment. This article highlights the importance of choosing the right developer, especially if you are considering buying off plan.
This article is about protecting your interests before leaving a reservation deposit on a Phuket property purchase. The island's real estate sector has received some negative publicity because some agencies and developers keep deposits, even when buyers discover they have been misled or due diligence checks by lawyers find something amiss.
Can foreigners use a Thai Company Limited to purchase a villa or house in Thailand? Over the last 10 years or more, a new trend has emerged whereby most foreigners are led to believe that using a Thai company is perfectly acceptable. This articles helps to clarify what is and what is not legal.
This article helps buyers of Phuket and Thai real estate understand exactly what due diligence is and why it is so necessary. Unfortunately situations where things go wrong are all too common and nearly every single time it is because no due diligence was carried out on the property or the developer.
All investments carry an element of risk, in one form or another. For anyone thinking of buying Thai Property, they should educate themselves on the risks that exist before making the purchase . These risks are very real, and simply cannot be ignored.
Buying off plan may have some advantages for anyone looking for a "good deal". But there is also a great deal more risk associated with this strategy. Although the risks can sometimes be overlooked when the deal is just too good to pass up on, investors must also be aware of the negatives and what can go wrong. This article aims to explains those risks and how to mitigate them.
if you would like to find out more about what a Condominium Juristic Person (CJP) is and their responsibilities in your condo resort, then you will find this article extremely useful.
Although there are some risk associated with buying condominiums off plan and the finished product may be a year or two in the future, many people feel the positives outweigh the negatives. This article explains those positive advantages and why so many buyers choose to buy so early in the construction process.
Whether condos or villas, investors in Phuket property are often looking for a good return on investment (ROI) as well as capital gains. Consistent returns rely heavily on the tourist sector. This article looks at how the future looks for yields in the rental market and what to watch out for.
This article tries to explain why anyone contemplating a condominium purchase in Phuket should choose freehold over leasehold. There is no reason why a buyer should choose leasehold on a project if freehold units are still available.
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