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.

AD Condominium Naklua 1 BR (S9528) - Central City property

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For Sale AD Condominium

AD Condominium Naklua 1 BR (S9528)

Pattaya

2,390,000฿

Overview

Condo, Residential
Property Type

1
Bedroom

1
Bathroom

S9528
Property ID

Description

Spacious 1-Bedroom Condo at AD Condominium, Naklua – Garden View

Discover comfort and convenience at AD Condominium in Naklua. This beautiful 1-bedroom condo offers 71 sqm of living space, thoughtfully designed for both relaxation and functionality. Located on the 2nd floor, the unit features a serene garden view, allowing you to enjoy peaceful mornings and natural surroundings right from your balcony.

The condominium is part of a well-maintained development known for its prime location, just minutes away from Wongamat Beach, local cafes, restaurants, and convenient shops.

Property Details

Property: AD Condominium, Naklua
Floor: 2nd
Size: 71 sqm
Bedrooms: 1
View: Garden view
Ownership: Foreign quota
Title deed: Chanote (transfer to buyer)
Price: 2,390,000 THB

Facilities & Features

Swimming pool & fitness center
24-hour security & CCTV
Covered parking
Elevator access
Well-maintained common areas

This AD Condominium unit is ideal for both residential living and investment, offering generous space and a relaxing atmosphere in one of Pattaya’s most desirable neighborhoods.