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.

Parkside Pool Villa East Pattaya/Nongprue Soi 6 4BR Pool Villa (S9232)

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For Sale

Pattaya, Thailand

12,900,000฿

Overview

Villa
Property Type

4
Bedrooms

5
Bathrooms

1
Garage

250
m²

S9232
Property ID

Description

🏡 For Sale: Brand New Luxury Pool Villa – Parkside Pool Villas
💰 Price: 12.9 Million THB
📍 Location: Nongprue Soi 6, near Lake Mabprachan

Experience serene, modern living in this newly completed 4-bedroom pool villa, located in the exclusive 28-home community of Parkside Pool Villas, finished in November 2024.

🔹 Property Highlights

Living Space: Approx. 250 sq.m.
Land Size: 120 sq.wah (480 sq.m.)
Bedrooms: 4
Bathrooms: 5

🏠 Interior Features

Master Suite: Walk-in closet with ample storage, built-in desk/dressing table
Western Kitchen:
- Built-in microwave, oven, dishwasher
- Hidden exhaust hood, under-counter lighting
- Large refrigerator with ice maker & water dispenser
Separate Thai Kitchen: Room for washer and dryer
Living Area:
- Open-plan great room with high ceilings and cove lighting
- Ready for 85” TV (included)
- Ceiling fans with remotes in living room, master bedroom, and terrace

🌴 Outdoor Features

Covered Terrace: Overlooking a 3m x 9m saltwater pool with outdoor shower
Landscaping: Rock garden with extensive night lighting – low maintenance
Carport:
- Covered for 2 large vehicles
- Automatic door
- EV charger included