PROPERTY IN THAILAND, Part 4 Expropriation _ let the buyer beware | Bangkok Post: news

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PROPERTY IN THAILAND, Part 4 Expropriation _ let the buyer beware

  • Published: | Viewed: 1,496 | Comments: 0
  • Newspaper section: Spectrum
  • Writer: James Finch & Nilobon Tangprasit
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Last week we talked about how the government can expropriate private property. The government does this when it needs to use private land for a public purpose, such as roads, land reform or parks. 

Here's the practical problem for you if you're buying or long-leasing property in Thailand: If you buy or long-lease after the government has decided to expropriate land and you don't know about that decision, there's really not much you can do. You can try to claim against the seller, especially if the seller knew but didn't tell you. But if the seller already has your money, you may not be able to get it back.

A few years back a buyer of a very nice little hotel complex came to us.

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