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.

Green Ville East Pattaya/Soi Siam Country Club 3BR Pool Villa (S9289)

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For Sale

Pattaya, Thailand

10,500,000฿

Overview

Villa
Property Type

3
Bedrooms

4
Bathrooms

1
Garage

S9289
Property ID

Description

🏡 Stylish Pool Villa in Green Ville – Prime Location & Fully Furnished
💰 Only 10,500,000 THB | Direct from Owner | Co-Agents Welcome
📍 Near Rai Wanasin Market, Pattaya

Step into comfort and convenience with this beautifully presented 3-bedroom, 4-bathroom pool villa, located in the peaceful and sought-after Green Ville community. Set on 304 sq.m of land, this modern home features a smart single-roof design, a saltwater overflow pool, and tasteful interiors—perfect for relaxed everyday living or an upscale holiday retreat.

✨ Property Highlights

• Land area: 304 sq.m
• Bedrooms: 3
• Bathrooms: 4
• Open-plan living area and fully equipped kitchen
• Private 4x7m saltwater overflow swimming pool with Jacuzzi
• Modern single roof design for energy efficiency and style

🌿 What’s Included

✅ Fully furnished throughout
✅ All electrical appliances provided
✅ 4 air conditioners + ceiling fans in every room
✅ Built-in wardrobes and kitchen
✅ Curtains throughout the home
✅ Automatic gate system
✅ Water tank and landscaped garden
✅ Carefully curated interior decor included

This villa is move-in ready, offering a perfect blend of comfort, style, and convenience. Whether you’re looking for a permanent residence or a serene vacation base, this property ticks every box.

📑 Transfer fees shared 50/50

Don’t miss out on this well-maintained pool villa in a tranquil yet central location—just minutes from markets, shops, and major routes.