Yes, foreigners can buy condominiums freehold in their own name, as long as foreign ownership in the building does not exceed 49%. For landed properties, foreigners cannot own land outright but can lease land long-term or set up a Thai company (with legal guidance) to hold land.
Freehold means full ownership of the property. Leasehold means you lease the property for a fixed period (commonly 30 years, renewable). Many foreigners purchase leasehold properties as a way to reside long-term in Thailand.
No, foreigners can rent property (houses, villas, apartments, and condos) without restrictions. Rental agreements can range from short-term to long-term depending on your needs.
Standard leases are up to 30 years, with options to renew for an additional 30 years. It’s important to have a clearly written lease agreement reviewed by a lawyer.
It’s highly recommended. A lawyer can review contracts, perform due diligence, and ensure your investment is protected and fully legal.
Expect to pay for transfer fees, stamp duty, withholding tax, and possibly legal fees. These can range from 3% to 7% of the property’s value, depending on the deal structure.
It’s possible but limited. A few Thai banks offer mortgages to foreigners, usually with stricter conditions. Most foreign buyers purchase using cash.
Yes, as long as the property is legally registered and all due diligence is done properly. Using a trusted agent and legal advisor helps ensure a smooth, safe transaction.
Typically, you’ll need a copy of your passport, visa, and in some cases, proof of income or employment. A security deposit (usually 1–2 months’ rent) is also standard.
Yes, many foreign owners rent out their properties when they’re not in Thailand. Condominiums, in particular, are popular rental investments. Just be sure to comply with local rental laws and condo rules.