The Excise Department will strictly inspect land transactions in highly popular tourist destinations in the South where tax evasion is said to be widespread. According to a senior official, property sales in Krabi, Koh Samui and Phuket have mushroomed in recent years, skyrocketing land prices in some areas 100-fold from…Continue reading
Hua Hin’s property market is shown signs of recovery with new project launches and increased sales on existing projects. As reported in the Bangkok Post, the market slowed down due to global economic recession in late 2008. Although demands from Thai buyers seeking holiday homes remained active, foreign demand seemed…Continue reading
Foreign demand for real estate in Phuket and Hua Hin is recovering, says Duangjai Kraus, executive chairman of the property broker Double 8 Realty Co, Ltd, city resale condo market also thriving. Most inquiries are coming from potential buyers in Europe, said the master licence partner of Engel & Volkers…Continue reading
Difficult economic conditions tend to lead to imaginative ways of making money. An interesting example is the attempt by the property agency Engel & Volkers Thailand to get developers to diversify and become its licensed property agents. Continue reading