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Transfer fees on property purchases have now been increased to the old rates, Last year when the global property market sunk the Thai government reduced transfer fees for a period of 1 year. That has now ended.
The Escrow Act B.E. 2551 (2008) was the first step towards investment safeguards implimented by the Thai government. Since then new requirements have been added to the Act for further safeguards.
The Consumer Protection Act has been in use for the past 2 years however very few people have heard of the Act and how it protects consumers in Thailand. The Act can also be used by expats to lodge complaints about products. The Act is mainly setup to protect consumers [...]
We look at the rules then and now with regards to condo ownership in Thailand. The Act has been amended many times over the past 4 years but these are the current rules with regards to foreign owned property in Thailand.