How can a foreigner buy a condo in Thailand?

Can foreigner buy apartment Thailand?

Foreigners cannot buy land in Thailand, only condominium units and apartments. … However, a foreigner can buy a whole building, minus the land on which it is built. In recent years, minor changes in Thai law have allowed nonresidents to explore the Thai real estate market.

Is it easy to buy a condo in Thailand?

The process of buying a condo in Thailand is fairly easy, and only a few requirements must be met: The property purchased must be part of the project’s 49% surface that could be owned by foreigners. This can be easily verified at the developer’s office directly with the juristic responsible.

How much does it cost to buy a condo in Thailand?

In terms of new condos, the starting price for a one bedroom, 22 sq meter property is around 1 million Baht (45,000 THB per meter squared).

Cost of a Thai Condo.

Level Price per m²
Mid-Range ฿70,000 – ฿89,999
Upper-Mid-Range ฿90,000 – ฿119,999
High End ฿120,000 – ฿199,999
Luxury ฿200,000 – ฿299,999
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Can I live in Thailand if I buy a condo?

Foreigners are prohibited from buying land in Thailand, but they can buy condos or apartments.

Are foreigners allowed to buy property in Thailand?

Generally, foreigners are not allowed to directly purchase land in Thailand. … It is a commonly unknown fact that although a foreigner cannot own land in Thailand, he can own the house or structure built thereon. One only has to apply for a construction permit to build the house in his own name.

Can foreigners own a condo in Thailand?

Thai law is very restrictive when it comes to foreign real property ownership. Buying a condo is generally the only way foreigners are allowed to purchase real property in Thailand outright. … The total area of the condo units owned by foreigners cannot exceed 49% of the total area of all saleable condo units.

How can a foreigner buy a condo in Thailand?

There are no restrictions on nationality and every foreigner who can enter Thailand legally (there are no visa-class requirements) can buy and own a condo unit within the foreign ownership quota of the condominium, but every foreigner must personally qualify for ownership under section 19 of the Condominium Act.

Do I need a lawyer to buy a condo in Thailand?

Buying any Real Estate in Thailand be it a house or a condo requires the services of a reputable law firm. Once you have decided which real estate you are going to purchase, always consult a lawyer before signing any documents.

Can foreigners buy property in Thailand 2021?

Yes, Foreigners Buying Property in Thailand can take freehold ownership of a structure in Thailand, however foreigners are not permitted to own land in Thailand. Foreigners may enter into a long lease agreement, commonly known as “Leasehold” to secure the land.

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How much does a condo in Bangkok cost?

Segment

Type Price per Square Meter
Luxury 180,000 – 250,000 baht
High End 100,000 – 170,000 baht
Mid Market 70,000 – 100,000 baht
City Condo Lower than 70,000 baht

How much does an apartment cost in Thailand?

Housing and Food

A one-bedroom apartment in the center of the Thai capital Bangkok will run you about $650 per month for rent. When you factor in utilities, that cost reaches more than $700. Other monthly costs are likely to add up to between $600 and $700 per month.

Can foreigners buy condo in Bangkok?

According to Thai law, foreigners are allowed to purchase freehold condominiums sans restrictions as long as the foreigner quota ratio does not exceed 49% of the saleable area in a building.