PROPERTY IN THAILAND, Part 11 Title _ the problem of mortgages on properties
- Published: 18 Nov 2012 at 00.00
- Newspaper section: Spectrum
A couple of years ago, we were approached by a group of buyers at a development in Thailand. The buyers all lived overseas and were not Thai.
Over a couple of years they had all fully paid for 30-year leases on houses and lots at the development that had been built for them. The houses were complete and the buyers were using them.
Members of the group said they were concerned. They thought the developers might be having financial problems. They really liked the developers and didn't want to insult them, but wanted to make sure their interests were protected.
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