Escape to Thailand Update June 28 2024

In this episode we talk about staying healthy in Thailand, new regulations easing property restrictions for foreign buyers and free tourist insurance...

Mentioned in the video:

Articles:

Thailand Extends Free Tourist Insurance Until Year-End

The extended insurance program provides substantial coverage: up to 1 million baht for cases of death, 300,000 baht for incidents resulting in permanent disabilities or organ loss, and up to 500,000 baht for medical expenses due to accidents.

The scheme intends to fill gaps left by tourists' current insurance plans, giving them peace of mind without incurring additional costs.

Note: Be careful tourists. Insurance policies won't cover anything if alcohol is involved, dangerous activities and/or operating motorbikes or cars without the correct paperwork and safety precautions, such as helmet and seatbelts.

New Regulations Easing Property Restrictions For Foreign Buyers

The controversial changes would allow foreigners to own up to 75% of condominium units and extend property leases to 99 years.

To maintain Thai control of condominium buildings, the regulations ensure that voting rights remain restricted to units within the traditional 49% foreign ownership limit. This will guarantee that Thais retain a 51% majority control.

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*** Contact Loic at Pacific Cross for more information and jump the long correspondence queue by using our special email address retirecheap.pacificcross@gmail.com