Thailand is intensifying its crackdown on foreign ownership of property, particularly targeting the use of Thai nationals as nominee shareholders to circumvent legal restrictions. Authorities have identified thousands of companies suspected of employing these illegal structures, especially in the real estate and tourism sectors. This crackdown has led to the prosecution of hundreds of companies and aims to recover significant lost revenue, impacting foreign buyer interest in luxury properties, especially in popular tourist destinations like Phuket and Koh Samui. AI
RANK_REASON Significant policy change and regulatory action impacting foreign investment. [lever_c_demoted from significant: ic=1 ai=0.1]
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