this was a lovely condo, was it through airbnb via Agoda? the price seemed more than fair the views across the city seemed a little hazy, was that a result of the earlier burning or a little of city smog? hope you didn't suffer from the belly-bug for too long Dave, had it myself (salmonella) on a couple of occasions, once was on Christmas day when i had an undercooked egg for breakfast, no biggie, recovered both time after three days take care both
@tonymatthews2344 We both love this condo. We booked it through Agoda ☺️ It's in a great location and the view of the city looks dark because the farmers burned their fields (orchards). Dave had to be back to normal for 5 days. I had to be careful with the egg menu because I ate the eggs that were not cooked enough. Thank you for sharing your experience ☺️ Take care of yourself too.
I think it's 51% Thai ownership of total Condos in each complex. Other than that if you have the money no problem. Best to have a Thai lawyer to help with the transfer documents.
(Dave typing) Definitely take legal advice here please!!! I haven't personally taken legal advice and nor can I give it, but as I understand it @stevemadden9329 is correct. Condo towers have 'quotas', meaning that foreigners can 'buy' condos so long as they are within the 49% quota, after that it's Thai only. It's also fairly well agreed that foreigners cannot directly buy/own land itself: many say that this rules out the possibility of house ownership for foreigners, while others seem to suggest that you can own the *house* itself (i.e. the walls, the roof, the fixtures and fittings) but *not* the underlying land (and thus you'd want to write a long lease on the land, as a house without rights to 'occupy' the land for a long time doesn't make any sense). I'm aware there are schemes in which majority Thai-owned companies buy the land (and house) and those companies have a percentage of foreign ownership... but I'm also aware that these structures have recently attracted the gaze of the Thai authorities... so you'll need to take legal advice and make a "personal judgement" should you decide to use such a structure. In my line of business we call these a "commercial decision" (i.e. one in which you can lose all of your money invested). Many foreigners simply entrust the home to their Thai wife (presumably with some sort of long term lease to 'guarantee' their use). That said, many foreigners tell a tale of how they also lost everything [presumably upon the relationship ending, which can obviously be actioned by either side]. I do know multiple people who hold property assets in their country of citizenship and then rent their own home in Thailand (e.g. buy and rent property in the UK and use that received rental income to pay rent on a place in Thailand). In summary: Do you research, take professional legal advice [from someone qualified and insured to give is] and make a "commercial decision" as to whether buying or renting [in Thailand] is right for you. Hope that helps, Dave - again not financial nor legal advice!
![Chiang Mai Must-Stay Areas and Hotels for First Time Visitors [2024]](http://i.ytimg.com/vi/H0EdKhM31ps/mqdefault.jpg)
nice video, thank you
@davidslowhand5172 Thank you for watching too.
Really cool place will keep in mind next visit to the area thanks 😎
@costaskyriacou9600 Thank you for watching☺️🙏and supporting us🥰🙏
Do you have a link to book this very one?
@BonkersAboutAlice You can stare at Agoda, it's easy for you just know the name of the condo☺️
this was a lovely condo, was it through airbnb via Agoda? the price seemed more than fair
the views across the city seemed a little hazy, was that a result of the earlier burning or a little of city smog?
hope you didn't suffer from the belly-bug for too long Dave, had it myself (salmonella) on a couple of occasions, once was on Christmas day when i had an undercooked egg for breakfast, no biggie, recovered both time after three days
take care both
@tonymatthews2344 We both love this condo. We booked it through Agoda ☺️ It's in a great location and the view of the city looks dark because the farmers burned their fields (orchards). Dave had to be back to normal for 5 days. I had to be careful with the egg menu because I ate the eggs that were not cooked enough. Thank you for sharing your experience ☺️ Take care of yourself too.
so foreigners can purchase condos in Thailand? what are the rules regulations in owning condo property
I think it's 51% Thai ownership of total Condos in each complex. Other than that if you have the money no problem. Best to have a Thai lawyer to help with the transfer documents.
@BortonMaverickNyC Foreigners can buy condos in Thailand.
(Dave typing) Definitely take legal advice here please!!! I haven't personally taken legal advice and nor can I give it, but as I understand it @stevemadden9329 is correct. Condo towers have 'quotas', meaning that foreigners can 'buy' condos so long as they are within the 49% quota, after that it's Thai only.
It's also fairly well agreed that foreigners cannot directly buy/own land itself: many say that this rules out the possibility of house ownership for foreigners, while others seem to suggest that you can own the *house* itself (i.e. the walls, the roof, the fixtures and fittings) but *not* the underlying land (and thus you'd want to write a long lease on the land, as a house without rights to 'occupy' the land for a long time doesn't make any sense).
I'm aware there are schemes in which majority Thai-owned companies buy the land (and house) and those companies have a percentage of foreign ownership... but I'm also aware that these structures have recently attracted the gaze of the Thai authorities... so you'll need to take legal advice and make a "personal judgement" should you decide to use such a structure. In my line of business we call these a "commercial decision" (i.e. one in which you can lose all of your money invested).
Many foreigners simply entrust the home to their Thai wife (presumably with some sort of long term lease to 'guarantee' their use). That said, many foreigners tell a tale of how they also lost everything [presumably upon the relationship ending, which can obviously be actioned by either side].
I do know multiple people who hold property assets in their country of citizenship and then rent their own home in Thailand (e.g. buy and rent property in the UK and use that received rental income to pay rent on a place in Thailand).
In summary: Do you research, take professional legal advice [from someone qualified and insured to give is] and make a "commercial decision" as to whether buying or renting [in Thailand] is right for you.
Hope that helps, Dave - again not financial nor legal advice!
is the condo for sel or rend and Howe much
@Dutch-Buddha This condo is available for daily rental.