Phuket Property Scams, what you need to know
Phuket is a beautiful Thai tropical island with beaches, jungles, plenty do do for the young and the families. It’s also home to its share of scams. Plenty of the better known scams vary from inconvenient to moderately annoying. Then there’s others that can rob you of serious amounts of money.
Now, as we’ve said at The Thaiger many, many times, that before signing anything or handing over money in Thailand DO YOUR HOMEWORK. Just a short check on the internet, relating to just about anything, including the topic we’re covering today, will save you a lot of hassle and heart ache. And perhaps your life's savings.
Today Tim Newton will take you through how some of the big ticket, high level, property scams operate in Phuket. And there’s been plenty of them. There's also a second part of this video, next week, which will take you through a check-list of ways to avoid being 'scammed' in the future.
This video was made in collaboration with Helicam. For any aerial photography or videography visit: www.helicam.asia/
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Пікірлер: 77
Always do your homework on the developer. And more importantly if you look at it as an investment, then it is not. Look for older apartment, nicer, bigger, keep the budget low.
I am a buyer of property in Phuket, I was promised a return of 7% per year. I am still in contact with the developer at this time. But I have not seem any of that money promised. Have I been scam?
Wheres the second video?
Watch out for management fees and irregularities when buying condos in Thailand
Excellent presentation. Very well explained. Congratulations.
New Nordic the highest profile one known so far. Another is Blue Horizon, still buried and not making news. Grand Himilai, Himalai, Beachfront etc etc - owners outright scammed. Covid was perfect for these developers who got to time their exit perfectly while investors weren't able to travel and verify.
YES Do your homework well in advance. Correct as you state The Thaiger😃.
Thaigerproperty.com
"Do your homework." I'll do it for you. It's simple. You have a high chance of losing money and a 100% chance of overpaying for property in Thailand. And the legal system is a joke so you aren't protected. Look into Collin Vard and others who lost everything.
Only a complete fool would buy anything in Thailand other than their meals. RENT EVERYTHING, esp. girls and condos. NEVER BUY or you will be scammed.
No investment condos for foreigners in Thailand to make any money. As Thai’s get a cheaper price than the foreigners plus there is a % to how many foreigners to Thai’s in each condo building.
Just rent. Easy and cheap and you can move around to find the one that suits eventually if that's your end game. If not you can up sticks and move if situations change and invariably they do. Never buy any property unless it's fully built and registered. I really can't understand anyone that takes that gamble.
Nice video,i prefer not to buy anything in thailand and it is never yours.even they say it.
Great video
Golden rule….Never buy immovable assets in countries you don’t have citizenship in…..although I would consider a G8 country for example.
I have to say that the last few seconds of this video was really bizzare... after several minutes talking about shady Phuket developers running away with investors money... spoken to ominous music... the announcer goes into a Cheerful voice... "and to check for the latest properties in Phuket ... go to our website" really... was that the best timing to promote your real estate sales division?
I bought into a new development up in the hills overlooking Surin Beach just north of Patong Beach in 1999. All single family homes with pools in a Thai style theme. Beautiful views, quality construction, amazing landscaping, and Bitish/Thai Management. At the time I though it was expensive. Turned out to be the best place to retire part time for me as well as an investment. Never buy into a place that has yet to be built and always talk to current residents before purchasing. Look at how much banks, individual investors, and prospective clients lost out on that massive concrete skeleton at the SouthPattaya Harbor.
never buy anything till its built in thailand
I was scammed by New Nordic Group.....scammers! NEVER INVEST IN THIS ROTTEN COUNTRY THAT IS CALLED: THAILAND WITH A COMPLETELY CORRUPT JUSTICE LIKE THE THAI STATE!
Google is your friend. Google top/best 10 property developers in Thailand.