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.

South Pattaya 2BR House (S9405) - Central City property

WhatsApp Pinterest Facebook Twitter Linkedin Email

For Sale

South Pattaya 2BR House (S9405)

Pattaya, Thailand

3,150,000฿

Overview

House
Property Type

2
Bedrooms

2
Bathrooms

1
Garage

150
m²

S9405
Property ID

Description

#🏡 For Sale – Stylish 2-Bedroom House Near Arcadia Beach, Pattaya
Price: 3,150,000 THB
Living Area: 150 sqm

What You’re Getting:

✨ Fully renovated and move-in ready – perfect for living or rental income
🛏️ 2 spacious bedrooms | 🛁 2 modern bathrooms
🌿 Bright, airy kitchen with brand-new appliances and full utensils
🍽️ Dining area and a stylish living room with air conditioning, TV & designer furniture
🌞 Balcony and closed terrace for relaxing or entertaining
🧺 Laundry area with washing machine
🚗 Parking space and lush green area at the front

Premium Upgrades:

Modern tiles and designer accents throughout
Warm textiles & stylish décor
High-quality furniture – everything curated for comfort and aesthetics

Prime Location:

📍 Steps to Arcadia Beach & within walking distance to the sea
📍 Quiet, private neighborhood in the heart of Pattaya
📍 Close to cafes, shops, transport, and all city conveniences

Investment Highlights:

💰 Currently rented at 17,000 THB/month – potential for higher rental income during peak season
🔑 Full property management by us guarantees hassle-free passive income from day one

📞 Contact now to secure this exceptional seaside home and start enjoying Pattaya’s lifestyle or a reliable rental return!