Thailand Property Scams: Here’s How To Avoid Them | Interesting Asia

More Interesting Articles: https://interestingasia.com A British man recently made the news after going to the Thailand Consumers Council to report a condominium project in Koh Samui would not provide him legal ownership documents despite handing them THB15 million. It turns out he was one of several foreign buyers duped in this scam. Details of what exactly happened remain unclear but here is what has been confirmed. A group targeted foreign buyers claiming they could help them purchase luxury condominiums in Samui while being exempt from paying land taxes and other fees. In some cases, buyers were given forged documents but were never able to register their ownership with relevant legal authorities. The reality is that these unfortunate individuals never actually owned anything and were the victim of a scheme targeting folks unfamiliar with local real estate laws. It was another reminder that Thailand property scams are still out there even though the country has made progress in weeding these out. For those looking at real estate in the Kingdom, it is vital to have your guard up to ensure this doesn’t happen to you. Here is a look at how you can avoid Thailand property scams. https://interestingasia.com Read the article: https://interestingasia.com/2023/06/t...