Thailand Guide: Property

Buying property isn't easy anywhere, but it gets even more complicated if you have to deal with an unknown property market and legal restrictions of a foreign country. Read our property guide to get a good start – and to avoid mistakes you might later regret.

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  Introduction

  The Thai property market

  The extremely low property prices in Thailand attract many foreign investors. In spite of the great Tsunami that hit the island in 2004, the Thai property market can boast of capital growth figures of around 10-15 % per annum.

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  Legal restrictions

  Can foreigners buy property in Thailand?

  Foreigners are not allowed to own land in Thailand by law. If interested in buying, a foreign investor has two options: either a 30-year leasehold or purchasing the property through a limited company. Apartments can be purchased by foreigners as long as at least 51% of the building is owned by Thais.

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  Where to look

  Finding a property in Thailand

  Finding the right location is essential when purchasing a new house. When making your decision, you should take into account factors such as the environment, price, distance from the workplace and schools.

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  Buying property in Thailand

  Costs, Contracts and Taxes

  When buying a property in Thailand you should always consult a lawyer. Do not pay anything, not even a deposit, before seeing the property and let your lawyer go through every detail. It is also recommended to obtain a house inspection before agreeing to any property purchase.

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