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Thailand is a dream destination for expats, retirees, and investors due to its stunning landscapes, low cost of living, and thriving real estate market. However, buying property as a foreigner in Thailand is different from other countries due to legal restrictions on land ownership.
So, can foreigners buy property in Thailand? The short answer is yes, but there are specific regulations to follow. Foreigners cannot own land outright, but they can legally own condos, lease land, or invest in property through Thai companies.
This guide will break down everything you need to know about foreign property ownership in Thailand, including legal requirements, investment options, and the step-by-step buying process.
Foreigners can buy property in Thailand, but ownership laws are restrictive. Hereβs what foreigners CAN and CANNOT own:
β Foreigners CAN own:
β Foreigners CANNOT own:
However, there are alternative ways for foreigners to secure long-term property investments in Thailand.
β Best option for foreign buyers β Full ownership is allowed under the Thai Condominium Act
β Ownership limit β Foreigners can own up to 49% of the units in a condominium development
β Easy resale and rental opportunities β Condos can be rented out for income
β Foreigners can lease land for up to 30 years, with renewal options
β Leased land can be used to build a house or commercial property
β Leasing does not grant ownership rights, but it allows for long-term residence
β Foreigners can own structures built on leased land
β Requires a construction permit in the foreignerβs name
β The land remains under lease, but the building is a separate asset
β Foreigners can own up to 49% of shares in a Thai company that purchases land
β The company must have legitimate business activities
β Requires legal setup and compliance with corporate regulations
If you’re considering buying a property in Thailand, follow these steps to ensure a secure and legal purchase:
β Understand market trends, location prices, and property demand
β Compare different areas like Bangkok, Phuket, Pattaya, or Chiang Mai
β Identify investment opportunities (rental income, resale value)
β Work with licensed Thai real estate professionals
β Avoid scams by verifying the agent’s credentials
β Agents help with negotiation, paperwork, and legal compliance
β Essential for legal guidance when buying property as a foreigner
β Lawyers handle title deed verification, contracts, and due diligence
β Ensures compliance with Thai property laws and regulations
β Visit multiple properties to compare location, condition, and price
β Check property infrastructure (water, electricity, road access)
β Ensure there are no disputes or encumbrances on the title deed
β Confirm the sellerβs legal ownership of the property
β Check for any legal claims, mortgages, or disputes on the land
β Title deeds should be clear and legally transferable
β A 10-15% deposit is usually required to secure the purchase
β The sales agreement should outline price, payment terms, and ownership transfer
β Always review the contract with a property lawyer before signing
β Foreign buyers must transfer funds from overseas in foreign currency
β Land Office processes official ownership transfer for condos and leases
β Pay transfer taxes, registration fees, and stamp duty
β High rental demand β Condos in Bangkok, Phuket, and Pattaya offer great rental returns
β Affordable investment β Property prices in Thailand are lower than in many Western countries
β Growing expat communities β Ideal for retirees, digital nomads, and business owners
Buying property as a foreigner in Thailand is possible and can be a great investment, but itβs important to understand legal restrictions and ownership rules.
β Condos are the best option for foreign buyers seeking full ownership
β Leasing and company ownership offer alternatives for those wanting land
β Working with legal and real estate professionals ensures a smooth purchase
At Ourvillas, we help foreigners navigate Thailandβs real estate market with expert guidance on property investment and legal ownership solutions. Want to stay updated? Join our Facebook community for the latest real estate insights!
