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 Rent

House

20,000฿

Raviporn Village East Pattaya/Nern Plub Wan 2BR House (R9384)

Pattaya, Thailand

Beds: 2
Baths: 2
Garage: 1

2 weeks ago

Jumphot Srisomsap

Jumphot Srisomsap
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For Rent

Condo

9,000฿

Seven Seas Cote d’Azur Na Jomtien 1BR Condo (R9383)

Pattaya, Thailand

Bed: 1
Bath: 1
27 m²

2 weeks ago

Jumphot Srisomsap

Jumphot Srisomsap
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For Rent

House

55,000฿

Supalai Park Ville East Pattaya/Toongklom Talman 4BR House (R9382)

Pattaya, Thailand

Beds: 4
Baths: 3
Garage: 1
250 m²

2 weeks ago

Jumphot Srisomsap

Jumphot Srisomsap
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For Rent

Condo

42,000฿

The Win Condominium East Pattaya/Khao Talo 2BR Condo (R9381)

Pattaya, Thailand

Beds: 2
Baths: 2
90 m²

2 weeks ago

Jumphot Srisomsap

Jumphot Srisomsap
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For Rent

Condo

8,000฿

Club Royal Naklua 12 1BR Condo (R9380)

Pattaya, Thailand

Bed: 1
Bath: 1
30 m²

2 weeks ago

Jumphot Srisomsap

Jumphot Srisomsap
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For Rent Arcadia Millennium Tower

Condo

14,000฿

Arcadia Millennium Tower South Pattaya 1BR Condo (R9379)

Pattaya, Thailand

Bed: 1
Bath: 1
32 m²

2 weeks ago

Jumphot Srisomsap

Jumphot Srisomsap
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For Rent

House

32,000฿

East Pattaya/Near MIS 3BR House (R9378)

Pattaya, Thailand

Beds: 3
Baths: 3
Garage: 1

2 weeks ago

Jumphot Srisomsap

Jumphot Srisomsap
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For Rent

Condo

18,000฿

Jomtien 1BR Condo (R9377)

Pattaya, Thailand

Bed: 1
Bath: 1

2 weeks ago

Jumphot Srisomsap

Jumphot Srisomsap
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For Rent

House

45,000฿

East Pattaya 5BR House (R9376)

Pattaya, Thailand

Beds: 5
Baths: 4
Garages: 2

2 weeks ago

Jumphot Srisomsap

Jumphot Srisomsap
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For Rent

Villa

40,000฿

Huay Yai 2BR Pool Villa (R9375)

Pattaya, Thailand

Beds: 2
Baths: 2
Garage: 1
126 m²

2 weeks ago

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

49% Condo
27% Villa
21% House
3% Other

Property Status

58% For Sale
42% For Rent

Property Cities

100% Pattaya

Jumphot Srisomsap

Raviporn Village East Pattaya/Nern Plub Wan 2BR House (R9384)

Seven Seas Cote d’Azur Na Jomtien 1BR Condo (R9383)

Supalai Park Ville East Pattaya/Toongklom Talman 4BR House (R9382)

The Win Condominium East Pattaya/Khao Talo 2BR Condo (R9381)

Club Royal Naklua 12 1BR Condo (R9380)

Arcadia Millennium Tower South Pattaya 1BR Condo (R9379)

East Pattaya/Near MIS 3BR House (R9378)

Jomtien 1BR Condo (R9377)

East Pattaya 5BR House (R9376)

Huay Yai 2BR Pool Villa (R9375)

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