Can foreigners buy property in Thailand?
Yes: a condominium unit in your own name, within the 49% foreign quota of the building. Land cannot be owned, with narrow exceptions; it can be leased.
The legal and practical side of buying, one question per page. Each guide starts with the answer, then the rules, then its sources.
Yes: a condominium unit in your own name, within the 49% foreign quota of the building. Land cannot be owned, with narrow exceptions; it can be leased.
Foreign owners together may hold up to 49% of the unit floor area of a building. The Land Office checks it at every transfer.
Freehold is ownership, open to foreigners for condominium units. Leasehold is a registered lease of at most 30 years; a renewal is not guaranteed.
Not land, as a rule. A foreigner can own the building, and hold the land under a registered lease, usufruct or superficies.
Reserve, check the title and the seller, sign the contract, bring the money in as foreign currency, and register the transfer at the Land Office.
A 2% transfer fee, the seller's withholding tax, and either 3.3% specific business tax or 0.5% stamp duty, all paid at the Land Office on the day.
A Chanote is a full ownership title. Nor Sor 3 Gor and Nor Sor 3 record a right of possession. A condominium unit has its own unit title.
Owning property does not give a right to stay. One programme, the LTR visa, counts Thai property towards its investment requirement.
Estimate the fees and taxes paid at the Land Office for a given price, and who usually pays each.
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