Quick Answer: Can you not buy a house in Thailand?

Can a foreigner own a house 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.

Is it hard to buy property in Thailand?

How difficult is the property purchase process in Thailand? Foreigners cannot buy land in Thailand, only condominium units and apartments. Foreigners cannot make up more than 40% of the condominium´s unit-owners. However, a foreigner can buy a whole building, minus the land on which it is built.

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.

What countries can you not buy property in?

Four countries in which there are extra layers of difficulty for non-citizens who attempt to purchase real estate are Vietnam, Mexico, Greece, and Thailand.

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Can foreigners buy a villa in Thailand?

Given restrictions on land ownership, foreigners cannot own a villa outright, rather they must purchase a leasehold agreement. In general, this process is straight-forward and you should expect an offer of a 30-year lease on any villa or home, which is the maximum duration for any leasehold in Thailand.

How do I permanently move to Thailand?

When moving to Thailand, you’ll need to get a visa – a requirement by Thai Immigration Law. Most people who move to Thailand do so with a tourist visa (valid for 60 days) or a non-immigrant visa which is initially valid for 90 days and which will then need to be extended through Thai Immigration.

Can foreigners get a mortgage in Thailand?

Can Foreigners get Mortgages in Thailand? The short answer: “Yes, foreigner buyers can get access to property financing in Thailand.” Since the mid-2000 Thai Banks have tried to capitalize on Thailand’s growing popularity as an international property investment destination.

Is buying a condo in Thailand a good investment?

Under the right circumstances, buying a condo in Thailand can be a rewarding purchase and a good investment. If you are a foreigner interested in buying a condo in Thailand there are several issues you need to be aware of. First, foreigners may only own 49% of a single condo development.

Is it hard to get Thai citizenship?

Becoming a citizen of Thailand is a lengthy and difficult process. Before even applying for citizenship, you need to be a permanent resident of Thailand for 5 years living there continuously, (which includes 3 years of owning a business in Thailand or working for a Thai company).

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

Buying a house in Thailand always requires the use of a property lawyer who can guide you through the legal process. Thai Property Law is complex and for the better part unregulated. … However, under the Land Code of Thailand, there are restrictions on foreign ownership of lands.

How much is property tax in Thailand?

Thailand Property Taxes

3.3% of the appraised value or registered sale value of the property (whichever is higher). This applies to both individuals and companies.

How can I buy a house in Thailand?

Buying Property in Thailand

  1. Select a Property Agent in Thailand. Since you will be looking for property in a foreign country you need expert local assistance. …
  2. Legal Planning with your Property Lawyer in Thailand. …
  3. Do a Title Search. …
  4. Make a Deposit. …
  5. Review of the Thai Property Contract.