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Thailand is increasingly becoming a popular retirement and the election of the country, live with their low costs and beautiful scenery not forgetting of course the world famous friendliness of the Thais themselves. But to find out about the laws, the rules here can be. Here are the bare bones of Thai Property

• A foreigner can have a condominium, as long as less than 40% of the condominiums and apartments in the building are owned by foreigners. Many people believe that there will be 49%, although this regulation was an addition to the existing law and was only in the place for a year and has since expired.

• A company can property such as land and a house (and hence the foreigner can buy land and a house on the Thai-registered company), unless a foreigner owns more than 39% of the company (recently amended from 33%) and Total foreign ownership of the company not more than 49%. still unclear and will be reviewed.

• The Thai-wife of a foreigner may be owned (a recently changed legal status by gender in the new Constitution, 1997 Revision), in her name only. That is good, as long as you do not have marital problems. (The same, of course, goes for a Thai man, but the law has been recently for Thai women through the new constitution guaranteeing equal rights.)

• A foreigner can lease land for 30 years with an option for another 30 years, the first 30 years are guaranteed they are registered with the Land Department, but the second can be.

• If you gain BOI approval, you can as a company is capable of up to a purchase of land RAI. Although this is for very large investors.

At the end of the day, if you are seriously looking into Thailand to invest, you should consult a good lawyer will be familiar with the latest laws.

Chris Heath is the sole proprietor of Soho Properties a real estate agency based in Bangkok, Thailand.