Buying Property in Thailand: A Practical Guide for Foreign Buyers
The Thai real estate market offers many opportunities for foreign investors, retirees, and individuals looking for a second home.
However, it is essential to understand the legal framework in order to make a safe purchase.
At ImmoLucky, we support you at every stage with seriousness and transparency.
Buy an apartment (condominium)
Foreigners are allowed to purchase one or more apartments in full ownership (freehold) provided that:
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The quota of foreign ownership in the building does not exceed 49% of the total area.
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Funds are transferred from abroad in foreign currency and then converted into Thai baht by a local bank, with official proof.
This type of purchase is simple, secure, and particularly suitable for non-residents.
Buy a house or land
Thai law prohibits foreigners from owning land, but there are several legal options available to consider a real estate project:
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Long-term lease (leasehold) : possibility of renting land for a renewable period of 30 years, and of building or buying a house on this land.
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Thai Company Formation : Some investors choose to set up a company (majority-owned by Thai shareholders) to purchase land. This solution requires strict legal supervision.
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Usufruct or surface right : specific contracts can give you a right of use or ownership over a building, even without owning the land.
Legal aspects to check
Before any purchase, a rigorous check is essential:
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Verification of the title deed : ideally, the land should be registered with a “Chanote” title, guaranteeing full ownership.
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Legal audit : check for easements, mortgages or possible disputes.
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legal advice : It is strongly recommended to consult a lawyer specializing in real estate law in Thailand.
Transfer of funds
Funds for the purchase must be sent from abroad in foreign currency and then converted into baht by a Thai bank. A bank certificate (Foreign Exchange Transaction Form) is required when officially registering the property.
Why trust ImmoLucky?
At ImmoLucky, we put our local expertise and our commitment at the service of your project.
We offer you personalized support, a selection of carefully chosen properties, and perfect knowledge of administrative and legal procedures.
Whether you're looking for a villa with a sea view or an apartment in a secure residence, we're by your side every step of the way.
For any questions or to discuss your purchase project in Thailand, do not hesitate to contact us.
We will be delighted to advise you seriously and kindly.