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.

Agent

Jumphot Srisomsap

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Central City Property

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For Sale The Riviera Wongamat

Condo, Residential

4,118,970฿

Riviera Wongamat A Naklua Studio (S9824)

Pattaya, Thailand

Bed: 1
Bath: 1

4 months ago

Jumphot Srisomsap

Jumphot Srisomsap
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For Sale The Riviera Wongamat

Condo, Residential

9,939,500฿

Riviera Wongamat A Naklua (S9823)

Pattaya, Thailand

Bed: 1
Bath: 1

4 months ago

Jumphot Srisomsap

Jumphot Srisomsap
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For Sale The Riviera Wongamat

Condo, Residential

12,720,500฿

Riviera Wongamat A Naklua 2BR (S9822)

Pattaya, Thailand

Beds: 2
Baths: 2

4 months ago

Jumphot Srisomsap

Jumphot Srisomsap
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For Sale The Riviera Wongamat

Condo, Residential

73,130,000฿

Riviera Wongamat A Naklua (S9821)

Pattaya, Thailand

Bed: 1
Bath: 1

4 months ago

Jumphot Srisomsap

Jumphot Srisomsap
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For Sale Unixx

Condo, Residential

2,008,500฿

Unixx Pratumnak Studio (S9907)

Pattaya, Thailand

Bed: 1
Bath: 1

4 months ago

Jumphot Srisomsap

Jumphot Srisomsap
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For Sale Unixx

Condo, Residential

6,477,000฿

Unixx Pratumnak 2BR (S9905)

Pattaya, Thailand

Beds: 2
Baths: 2

4 months ago

Jumphot Srisomsap

Jumphot Srisomsap
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For Sale Unixx

Condo, Residential

3,079,700฿

Unixx Pratumnak 1BR (S9906)

Pattaya, Thailand

Bed: 1
Bath: 1

4 months ago

Jumphot Srisomsap

Jumphot Srisomsap
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For Sale Atlantis Condo Resort

Condo, Residential

2,132,100฿

Atlantis Building C Jomtien 1BR (S9564)

Pattaya, Thailand

Bed: 1
Bath: 1

4 months ago

Jumphot Srisomsap

Jumphot Srisomsap
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For Sale Atlantis Condo Resort

Condo, Residential

3,500,970฿

Atlantis Building B 2BR (S9560)

Pattaya, Thailand

Beds: 2
Baths: 2

4 months ago

Jumphot Srisomsap

Jumphot Srisomsap
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For Sale Arcadia Beach Resort

Condo, Residential

4,109,700฿

Arcadia Beach Resort B Thappraya 1BR (S9552)

Pattaya, Thailand

Beds: 2
Baths: 2

4 months ago

Jumphot Srisomsap

Jumphot Srisomsap
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For Sale Arcadia Beach Resort

Condo, Residential

4,315,000฿

Arcadia Beach Resort Thappraya 2BR (S9548)

Pattaya, Thailand

Beds: 2
Baths: 2

4 months ago

Jumphot Srisomsap

Jumphot Srisomsap
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For Sale Arcadia Beach Continental

Condo, Residential

3,800,700฿

Arcadia Beach Continental Thappraya 2BR (S9547)

Pattaya, Thailand

Beds: 2
Baths: 2

4 months ago

Jumphot Srisomsap

Jumphot Srisomsap
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About Jumphot Srisomsap

Meet Jumphot — TREBA Certified Real Estate Expert in Pattaya

With over 30 years of experience in Thailand’s real estate market, Jumphot is a highly respected TREBA-certified agent, known for his integrity, in-depth market knowledge, and exceptional client care. Born and raised in Bangkok, Jumphot has proudly called Pattaya home since 1995, dedicating his career to helping buyers and investors make smart, informed decisions in one of Thailand’s most exciting property markets.

Pattaya’s unique mix of urban convenience and coastal lifestyle—combined with its better weather, lighter traffic, and beachside charm—has long set it apart from Bangkok. Over the years, Jumphot has witnessed the city grow into an emerging megacity and international investment hotspot, attracting attention from buyers around the globe.

With a proven track record of selling over 60 homes and renting out hundreds of properties, Jumphot has built a strong reputation for delivering results. His experience spans everything from condos and villas to commercial investments, and he works with both local and international clients.

Having worked closely with foreign buyers, he fully understands the challenges that come with navigating a new market and ensures each client receives up-to-date insights, clear communication, and reliable service every step of the way.

Whether you’re buying your first property in Thailand, expanding your portfolio, or looking for a profitable rental, Jumphot is the trusted name to know in Pattaya real estate.

Language: English, Thai, Chinense

Service Areas: Customer Relationship

Mobile +66959920345
Email contact@centralcityproperty.com

Find Jumphot Srisomsap on:

Property Types

48% Condo
20% Villa
17% Residential
20% Other

Property Status

65% For Sale
35% For Rent

Property Cities

100% Pattaya

Jumphot Srisomsap

Riviera Wongamat A Naklua Studio (S9824)

Riviera Wongamat A Naklua (S9823)

Riviera Wongamat A Naklua 2BR (S9822)

Riviera Wongamat A Naklua (S9821)

Unixx Pratumnak Studio (S9907)

Unixx Pratumnak 2BR (S9905)

Unixx Pratumnak 1BR (S9906)

Atlantis Building C Jomtien 1BR (S9564)

Atlantis Building B 2BR (S9560)

Arcadia Beach Resort B Thappraya 1BR (S9552)

Arcadia Beach Resort Thappraya 2BR (S9548)

Arcadia Beach Continental Thappraya 2BR (S9547)

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