Thai Government Relieving Condominium Ownership Rules for Immigrants

To this long-term immigrants in Thailand, the most steady and pleasant previous period was that under the guidance of Prime Minister Anand Panyarachun, a smart and competent leader who brought in rules that not only made foreigners consider more welcome, however also made them sense more protected in their property investments, as a result improving the construction industry to the profit of all.

Regrettably these changes were upturned in the period of Thaksin, together with such unconcealed anti-foreigners rules as the one activating zero percent rate of interest on savings deposits in Thai banks. People have great self-assurance in the capability of the new Prime Minister Khun Abhisit, who optimistically will be permitted to do his job for some time to come, however certainly one of the first moves necessary to encourage self-assurance in a worn out financial system would be to open all the lack of enthusiasm combined by the earlier and crooked leader.

Having observed what has happened in countries that permitted unobstructed property possession, property experts are completely in favor of the current property rules mostly exclusive of foreigner possession, however unquestionably it would be beneficial to all disturbed builder, seller and purchaser to totally let go the quota limitations on condominium possession.