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.

Rayong Victory View E Rayong Studio (S9797)

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For Sale

599,000฿

Overview

Condo, Residential
Property Type

1
Bathroom

S9797
Property ID

Description

Sea View Studio Condo for Sale – 8th Floor | Rayong Victory View E | Foreign Quota

Enjoy stunning sea views and peaceful coastal living with this well-positioned studio unit at Rayong Victory View E. Located on the 8th floor, this 33 sqm condo offers a rare combination of ocean views, affordability, and foreign ownership eligibility—priced attractively at just 599,000 THB.

🏢 Property Details:

Project: Rayong Victory View E
Location: Rayong (near Mae Ramphueng Beach)
Floor: 8th (high floor)
Unit Type: Studio (open-plan layout)
Size: 33 sqm
Bedrooms: Studio layout (combined sleeping/living area)
Bathrooms: 1
View: Sea view
Ownership: Foreign quota
Price: 599,000 THB
Title Deed: Chanote (ready to transfer)

🏠 Unit Features:

Fully furnished and ready to move in
Balcony with panoramic sea view
Air conditioner, refrigerator, microwave, water heater
Kitchenette for light cooking
Tiled bathroom with shower
Fiber optic internet and cable TV available
Safety system with smoke detectors and sprinklers

🏙 Building Amenities:

24-hour security with CCTV and keycard access
Elevator access
Fitness center
Coin-operated laundry on-site
Parking available
Well-maintained common areas
Quiet and safe environment near the beach

📍 Location Benefits:

Walking distance to Mae Ramphueng Beach
Easy access to restaurants, shops, markets, and transportation
Short drive to Central Rayong, Lotus, and hospitals

Whether you’re looking for a relaxing vacation home, a rental investment, or a low-maintenance residence by the sea, this studio at Rayong Victory View E offers incredible value.