The Phuket Property Nightmare For Foreigners

The sparkling seas and warm beaches of Phuket are a magnet for sun-seeking holiday-makers and, increasingly, for foreigners seeking a comfortable and cost-efficient retirement. More than 100,000 foreigners have settled on the island – though some now bitterly regret it.

British expat Ian Rance and Irishman Colin Vard are now living almost penniless with their children on the outskirts of Bangkok as they struggle against overwhelming odds to recover properties they bought on Phuket. Both men lost all their investments through frauds that neither of them imagined were possible.

“I’d made my money in England and had enough to retire I thought. I was looking for a place that was warm, a place that had some rule of law, where I could live in safety and peace,” says Rance, a chartered surveyor and professional arbitrator from Hertfordshire, who arrived in Phuket in 2000.

“When I came to Thailand on a trip to Australia it sort of seemed to fit the bill.”

Read more on this in the source site, after the first four paragraphs. Click.. here.

Source Credits: Jonathan Head in BBC News from Phuket

Advertisements
This entry was posted in 07. Comercio and tagged , , , , , , , , , , , , , , , . Bookmark the permalink.

Leave your comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s