Buy property in Thailand - The complete guide to buying property in Thailand

We can help you with most issues related to buying property in Thailand. We work with several good lawyers specialized in the subject and try to keep up to date ourselves in order to help our customers. Thailand has legal regulations restricting foreign citizens from owning land in their own names. This is however true for most countries around the world, even though Europe has become much more liberal in this aspect the over the last 20 years. 

We believe that Thailand is worth the effort. Thailand remains, in our opinion, one of the best countries to live in on this planet!

This text contains information of the different owner ship options we see that non-Thai citizens have if they want to buy a house, land or condo apartment in Thailand.

Property Ownership in Thailand

There are several options for westerners. Option 1 and and 2 are the most common ways of controllong or owning your property on the Paradise island of Phuket.

Buying a condominium with freehold units remaining.

Westerners can own condos as long as less than 49% of the development has been sold to foreigners so far, in a specific condominium free hold development.
The funds for buying the condo will need to be brought in from abroad in foreign currency and the transfer instructions needs to state: "Purpose buying a condo".

Leasing

30+30+30 years for a total of 90.

There are many varieties to the leasehold solution. Sometimes, when you buy a lease hold inside a development, you will get shares in the company holding the land that is giving the lease. Meaning that you and your neighbours will be the ones in charge when it is time to renew the lease.
Some developments' contracts state that you can at any time convert your lease hold to a free hold if you have the possibility to find a nominee or in case the laws of Thailand change making it a possibility

We recommend you to only buy leaseholds from serious developers and have a lawyer check all the contracts. We can help referring you to reputable established lawyers and can attend any meetings in case you buy through us.

Controlling through a company

It may be possible to use this solution if you own the company together with genuine Thai investors that really have the financial means to invest in the company holding the property and will stand scrutiny. For a little extra safety you could possible add a leasing contract and register a lease to your self from "your own" company.

Buying property in a trusted Thai persons name

Not generally recommended. You can add a little extra protoction by having this person register a 30 year lease for you.

Please do not hesitate to contact  This e-mail address is being protected from spambots. You need JavaScript enabled to view it  for more information on the subject.
Kind Regards,

Phuket Properties Co., Ltd

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