Thai property crackdown: Foreign buyers hit pause on villas as nominee loophole closes (opens original article in a new tab)

Thailand's crackdown on foreign property ownership loopholes is causing delays in luxury villa purchases by foreign buyers in Phuket and Koh Samui, with some shifting to condominiums and developers maintaining their villa projects.

• Thailand's crackdown on foreign property ownership loopholes is causing delays in luxury villa purchases by foreign buyers in Phuket and Koh Samui
• Authorities identified 11,426 companies with foreign stakes on Koh Phangan and Koh Samui, with 68% of firms on the islands having foreign ownership
• Foreign buyers are shifting towards condominiums due to simpler ownership structures, while developers continue luxury villa projects with legal leasehold arrangements
• Chinese buyers remain the largest group of foreign investors in Thai residential property, but they prefer condominiums over landed properties