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.

Bann Piam Mongkon 3 Huay Yai 4BR House (S10404)

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For Sale Bann Piam Mongkon 3

Pattaya, Thailand

10,815,000฿

Overview

House, Residential
Property Type

4
Bedrooms

4
Bathrooms

287
m²

S10404
Property ID

Description

พูลวิลล่าสไตล์ทรอปิคอล ดีไซน์ทันสมัย ทำเลห้วยใหญ่พัทยา บรรยากาศเงียบสงบ เหมาะสำหรับครอบครัวที่มองหาบ้านพักอาศัยหรือผู้ลงทุนอสังหาฯ ที่ต้องการปล่อยเช่าระยะยาว 💦
ใกล้สุขุมวิท ร.ร.นานาชาติ และเพียงไม่กี่นาทีถึงหาดจอมเทียน 🌴

🏡 Property Details / รายละเอียดทรัพย์

Land Area: 312 ตร.ม.
Living Area: 287 ตร.ม.
4 Bedrooms | 4 Bathrooms
Modern living & dining zone
European kitchen
Private swimming pool | สระว่ายน้ำส่วนตัว
Fully furnished | พร้อมเข้าอยู่ทันที

✨ Highlights / จุดเด่น

Peaceful and secure residential project in Huay Yai
Easy access to Sukhumvit Road and Jomtien Beach
Suitable for family living or investment
Quality construction & modern Thai-contemporary design

💸 Price / ราคา

For Sale: ฿10,815,000
(ราคาพร้อมเฟอร์นิเจอร์ครบ พร้อมเข้าอยู่ ทันที)

📍 Location

Huay Yai, Pattaya — ใกล้สุขุมวิท โรงเรียนนานาชาติ และสิ่งอำนวยความสะดวกครบ

📞 Contact / ติดต่อ

📩 สนใจนัดชมหรือสอบถามเพิ่มเติม
Call / Line: +66 86 319 9969

#BaanPiamMongkon3 #HuayYaiVilla #PattayaHouseForSale #บ้านพูลวิลล่าพัทยา #บ้านห้วยใหญ่ #บ้านพร้อมอยู่ #InvestmentProperty #RealEstateThailand #PattayaProperty