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.

Jomtien Complex Condo Jomtien 2BR Condo (S9234)

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For Sale

Pattaya, Thailand

12,000,000฿

Overview

Condo
Property Type

2
Bedrooms

2
Bathrooms

122
m²

S9234
Property ID

Description

🌟 Rare Corner Condo with Panoramic 340° Views | Jomtien Complex
💰 Price: 12,000,000 THB
📐 Size: 122 sq.m. | Floor: 27th
🛏️ 2 Bedrooms | 🛁 2 Bathrooms
📍 Location: Heart of Jomtien, just 200 meters to the beach
🧾 Ownership: Foreign Quota | Transfer Fee: 50/50

🏙️ Property Highlights:

Exceptional 340-degree wraparound views (North, South, East, West)
High floor with cool airflow, minimal morning sun
100% fully renovated and tastefully furnished
Tinted PVC windows throughout (360,000 THB value)
Extended balconies with built-in counters—ideal for cooking or hobbies
Additional kitchen window enhances airflow and functionality
Spacious, light-filled layout ideal for families or as a second home
Functional extras: mirrors to enlarge space, 3 ceiling fans, 3 large wall-mounted TVs, 2 refrigerators, washing machine, and air conditioner

🏢 Building Features:

25-meter swimming pool perfect for lap swimming
2 outdoor tennis courts
Indoor walking track and exercise room with equipment
Snooker and ping pong tables
Free Wi-Fi in the 4th floor common area
DIY laundry and drinking water stations
Secure, covered parking across 4 floors
Excellent building management and security
Onsite conveniences: restaurants, real estate offices, postal services, and more
Low annual condo fee: approx. 40,000 THB (Buyer reimburses seller for prepaid fees at 3,500 THB/month)

This is a truly rare find—designed for comfort, functionality, and long-term value in one of Jomtien’s most desirable complexes. Ideal as a family residence, holiday escape, or high-value investment.

📞 Contact us today to schedule a private viewing.