Thailand’s land laws are undeniably restrictive to foreign ownership except for condominium properties. The Condominium Act of Thailand allows foreigners to purchase a condominium property within the prescribed limitations. But even as purchasing a condo is the easiest way for a foreigner to own a property in Thailand, if they are not careful, they might fall into traps which they failed to see as coming.
Below are some of the pitfalls and traps condo buyers might fall into unknowingly:
By keeping these pitfalls in mind, a buyer will be able to avoid falling into these traps.