How can I buy properties in Thailand?

As a foreigner, you can buy property in Thailand, but there are legal limitations, especially regarding land ownership. Here is a complete overview of how foreigners can buy and own property in Thailand:

1. Buying a Condominium (Freehold)

This is the easiest and most common way for foreigners to own property in Thailand.

Legal Conditions:

• Foreigners can own up to 49% of the total floor area of all units in a condominium project.

• The condo must be in a registered condominium building under the Condominium Act.

• The purchase funds must be transferred from abroad and recorded as "Foreign Currency In" (FET form) for proof at the Land Office.

Process:

1. Choose a condo unit and sign a sale agreement.

2. Transfer funds from overseas (in foreign currency).

3. Register the ownership at the Land Department.

4. Pay taxes, fees, and transfer costs (usually 3–6%).

2. Buying Land – Not Allowed (Directly)

Foreigners cannot directly own land in Thailand, but you have legal alternatives:

A. Leasehold (Land Lease Agreement)

• You can lease land for up to 30 years, with renewal options.

• Lease must be registered at the Land Office.

• You can build a house on the leased land and own the building.

B. Company Ownership (Thai Limited Company)

• A Thai company (majority Thai-owned) can buy land.

• Foreigners can hold up to 49% of shares.

• Thai shareholders must be genuine and legally compliant (no nominees).

• You must operate an actual business and comply with accounting and tax laws.

C. Thai Spouse (if married to a Thai national)

• The land can be bought in the Thai spouse’s name.

• You must sign a declaration waiving any claim to the land.

3. Buying a House

• Foreigners can own the building (house, villa) but not the land it sits on.

• You can:

  • Lease the land long-term and own the house.

  • Register house ownership with the Land Department separately from the land.

4. Taxes and Fees (Typical for Property Purchase)

5. Tips for Foreign Buyers

• Always use a qualified lawyer to review contracts and perform due diligence.

• Verify the title deed (Chanote) and ensure no encumbrances or liens.

• Avoid “nominee” arrangements — they are illegal under Thai law.

• Be cautious with “off-plan” purchases. Only buy from reputable developers.

Summary

If you’d like, I can help you prepare a sample purchase contract or list of trusted legal steps. Would you like to explore property in a specific city like Bangkok, Chiang Mai, or Phuket?