Buying Property in Thailand as a Foreigner: A Step-by-Step Guide

Thailand welcomes international buyers, but the rules differ from many countries. This guide walks through what you can own, the usual steps and the checks that protect you. Always confirm the details for your purchase with a qualified Thai property lawyer.

What foreigners can own

• Condominium units: can be owned freehold in your own name, as long as foreign ownership in the building stays within 49% of the total unit area.
• Houses and villas: the building can be owned, but the land is usually held on a registered lease, commonly up to 30 years.
• Land: cannot be owned directly by foreigners. Other structures exist but need careful legal advice.

The buying process

1. Choose a property and agree the price and terms.
2. Pay a reservation deposit and sign a reservation agreement.
3. Your lawyer checks the title deed, permits and any debts on the property.
4. Sign the sale and purchase or lease agreement.
5. Transfer the funds and register the transfer at the Land Office.

Bringing money into Thailand

For a freehold condominium, the purchase money must be transferred into Thailand from abroad in foreign currency, and your bank issues a foreign exchange transaction form. Keep this document: the Land Office asks for it when the unit is registered in your name.

Questions to ask before you sign

Talk to the BeachTeak team about properties that suit your plans. Contact us and we will introduce trusted legal professionals.