Property & Investment

Property Purchase in Thailand

Thailand has become a sought-after destination for many foreigners looking to make it their home, prompting interest in property purchases within the country. Options for such investments include land, houses, villas, and condominium units. It is crucial for foreign buyers to understand and adhere to Thai laws concerning property acquisition. Therefore, we strongly advise seeking guidance from a property specialist.

Property Purchases - Condominiums

Generally, foreigners may purchase condominiums outright, 100% freehold, but at the same time there are Condominium development quotas for foreign ownership that must be respected. The condo that will be purchased and owned 100% by a foreigner must be in the foreign allocated quota of the building.

There are also origin of funds stipulations as well as certain fees associated with condo ownership. So, although, at face value, the purchase of a condo may appear less complicated than any another property, it’s best that a property expert examine your proposed property, performing a due diligence and review the paperwork, in order to avoid any surprises. For more information please review the content on  Buying a Condominium in Thailand.

Property Purchases - Land

Foreigners are also interested in purchasing land in Thailand and want to build their dream house or villa. BUT it must be noted and made crystal clear that a foreigner may almost NEVER own land in Thailand.

There are no work arounds concerning land ownership it must be owned and controlled by Thai Juristic Person (individual or company) but there is a way to own the house or villa that is built on the land. We can advise you on how that can be accomplished. Please review the details on Buying Land in Thailand

Secure Your Property Purchases

In order to secure your investment, our team of real estate experts in Thailand would be pleased to provide you the following legal assistance:

  • Real estate due diligence on a property ensures that all aspects regarding your purchase will be made in compliance with Thai Law and procedures
  • Revision of clauses in the contracts covering your rights and to ensure your best interest
  • Registration of a conveyance to ensure that legal acquisition of property is fulfilled

Summary

Whether purchasing a condominium, villa, land or a house, it is suggested that prior to making a purchase, please contact or visit us and let our specialists assist with your acquisition of the property. If you want more information on buying land in Thailand, buying a villa in Thailand, buying a condominium in Thailand or on real estate due diligence please do not hesitate to contact Juslaws & Consult at our Bangkok or Phuket office to learn more.