Phuket Property Watch Your Eyes on Real Estate in Thailand
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The Thai government is currently examining foreign land deals on the islands of Koh Phangan and Koh Samuit, as reported by the Bangkok Post. This move comes amidst concerns over illegal development in protected areas, particularly in Koh Phangan, as highlighted by Khaosod English. These developments have significant implications for the property market in these regions, affecting both investors and potential homeowners. The result of these probes could lead to changes in foreign ownership laws, impacting the real estate landscape in these popular island destinations. On a related note, the government is also seeking international backing to tackle fraud, as reported by the Bangkok Post. This move could potentially improve transparency in property transactions and bolster investor confidence in the Thai property market.
