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Thai property crackdown: Foreign buyers hit pause on villas as nominee loophole closes
Thailand's crackdown on a loophole that effectively bypasses its restrictions on land ownership by foreigners is causing prospective buyers to delay purchase decisions on luxury villas in resort destinations such as Phuket and Koh Samui, according to agents.
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scmp.com
Foreign buyers proceed with caution on Thai luxury villas after loophole closes
As of early this year, Thai authorities had prosecuted more than 850 companies for financial damages involving lost revenue of US$458 million.
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bangkokpost.com
Thai property crackdown: Foreign buyers hit pause on villas as nominee loophole closes
Thailand's crackdown on a loophole that effectively bypasses its restrictions on land ownership by foreigners is causing prospective buyers to delay purchase decisions on luxury…