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Thailand Property

Thai Government Proposes New Laws to Ease Foreign Property Ownership Restrictions

The Thai government has announced significant proposals to amend property laws, aiming to make it easier for foreigners to invest in the country’s real estate market. These proposed changes, if enacted, could reshape the landscape for foreign property ownership in Thailand, particularly in resort destinations such as Phuket and Koh Samui. This article delves into …

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Phuket Property Market in 2024: Key Insights Q1

First Quarter HighlightsPhuket’s property market saw a significant boost in the first quarter of 2024, with 25 new projects adding 4,000 units worth 54 billion baht. Most developments, valued at 45 billion baht, were vacation condominiums in the Thalang District. Over the past year, 10,000 units were sold, generating 90 billion baht. The market includes …

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Koh Samui

Prime Minister Srettha Thavisin Promises New Cruise Terminal in Koh Samui

During his visit to Koh Samui from April 7th, Prime Minister Srettha Thavisin promised that a new cruise terminal, with a total investment of 12.172 billion baht, will be approved by the Cabinet this year. This visit is part of his official trip to Koh Samui and Nakhon Si Thammarat, which spans from Saturday to …

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Spain

Proposed Ending of the Spanish Golden Visa Scheme

On April 15th, Spanish Prime Minister Pedro Sánchez announced the winding down of the Spanish Golden Visa scheme, sparking a wave of discussions and concerns about its impact on potential expatriates and property investors, especially Britons, interested in relocating to Spain. This decision, framed by the government as a move to quell property speculation and …

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Mallorca

Mallorca & Balearics – Compulsory Register of Estate Agencies

After years of advocacy by associations of estate agents in Mallorca and the Balearics, a new law has been passed to enforce stricter regulation in the real estate sector. This law introduces a compulsory register of estate agencies to enhance professionalism, security, and transparency in real estate transactions. The COAPI (official association of real estate …

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Phuket

Proposal for Phuket’s ‘Special City’ Status

Phuket’s proposed journey toward potentially transforming into a ‘Special City’ akin to Bangkok and the economic regions of Rayong, Chon Buri, and Chachoengsao is under the spotlight. Mayor Saroj Angkanapilas has presented a compelling case to Prime Minister Srettha Thavisin, advocating for greater autonomy that could reshape Phuket’s administrative and economic landscape. This special status …

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Tourism drives continued surge in Phuket property market

The strong growth in the Phuket tourism is expected to continue driving forward its property market for both condominiums and luxury villas. The Phuket real estate market has surged for the last two years, the driver being foreign investors. According to the Real Estate Information Center (REIC), condominium transfers for 2022 surpassed those of pre …

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