Can foreigners own property in Thailand?

Foreigners can own freehold condominium units (up to 49% of a building’s total units) but cannot directly own land. Alternatives include long-term leases (up to 30 years, renewable) or owning land via a Thai limited company with Thai majority shareholders.

What are the restrictions on foreign land ownership in Thailand?

Thai law prohibits foreigners from owning land under the Land Code Act. Options include leasing land for up to 30 years or setting up a Thai limited company (51% Thai-owned) to hold the land title.

How can foreigners buy a condo in Thailand?

Foreigners can buy freehold condos if the foreign ownership in the building is below 49%. Funds must be transferred from abroad, documented with a Foreign Exchange Transaction Form (FET). A lawyer is recommended for due diligence and title transfer.

What are the costs and taxes when buying property in Thailand?

Costs include transfer fees (2% of appraised value), withholding tax (1% of appraised or sale value), specific business tax (3.3% if sold within 5 years), and stamp duty (0.5% if no SBT applies). Legal fees range from 20,000–30,000 THB. Condo buyers may also pay sinking fund fees.

Can foreigners get a mortgage to buy property in Thailand?

Thai banks offer limited mortgages to foreigners (40–70% of property value, up to 15 years, with high interest rates of 6–9%). Eligibility requires proof of income and residency. Some developers offer financing, or buyers use overseas loans.

What is the process for buying property in Thailand as a foreigner?

Steps include finding a property, hiring a lawyer and agent, conducting a title search, signing a purchase agreement, transferring funds with a FET, and finalizing ownership at the Land Office (30–60 days).

Is it safe to buy property in Thailand as a foreigner?

Buying is safe with proper due diligence—hire a reputable lawyer, verify the seller’s title, and use registered agents. Risks include unregistered agents or buying without legal checks.

Can foreigners rent out their property in Thailand?

Foreigners can legally rent out their property, subject to income tax on rental earnings (progressive rates based on income). Management companies can handle rentals, but owners must comply with TM.30 tenant reporting.

What are the visa implications of buying property in Thailand?

Buying property does not grant visa privileges. However, investing 10 million THB in real estate may qualify for the Thailand Elite Visa (5–20 years). Standard visas (e.g., retirement, business) require separate applications.

What are the risks of buying property in Thailand as a foreigner?

Risks include buying without due diligence, using unregistered agents, condo depreciation, neglected building maintenance, or legal issues with leaseholds or companies. A lawyer mitigates these risks.

Zenith Pattaya - Central City property

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For Sale New Development

Zenith Pattaya

Pattaya, Thailand

2,490,000฿
8,880,000฿

Overview

Condo, Residential
Property Type

DEVZENITH
Property ID

Description

Zenith Pattaya is the city’s first wellness-focused residence, designed for those who want a modern lifestyle with health, comfort, and luxury combined.

Located in the heart of Pattaya, this project offers the perfect balance – close to Pattaya Bay, Jomtien Beach, and Pratumnak Hill, yet surrounded by peace and privacy.

Modern Homes

Set across 3 stylish buildings of 7 floors each, Zenith Pattaya features 582 luxury units.

1-bedroom apartments from 30 sqm
2-bedroom apartments up to 75 sqm
Special ground-floor units with pool access

Each unit includes:

High ceilings and open layouts
European-style kitchens with marble and glass finishes
Modern bathrooms with LED mirrors & electronic toilets
Energy-saving air conditioning
Smart security doors with fingerprint access

Wellness & Lifestyle Facilities

Zenith Pattaya offers facilities you won’t find anywhere else in the city:

Japanese Onsen Spa with hot baths, cold plunge pools, steam & sauna rooms
TechnoGym fitness center, Boxing Zone & Yoga Studio
Large feature pool, kids’ pool, Jacuzzi zones, pool bar & healthy dining options
Rooftop hot springs with stunning views

Why Choose Zenith Pattaya?

Pattaya’s first wellness-centered living experience
Prime location – minutes to beaches, shopping, golf courses & transport links
Full security, underground parking & shuttle service
Market-leading prices with high rental returns and strong capital growth

Zenith Pattaya isn’t just a condo – it’s a lifestyle. Perfect for living, relaxing, or investing in one of Thailand’s most exciting coastal cities.