Buying condo in Thailand – A Guide for foriegners

Can a foreigner buy properties in Thailand?

Yes, a foreigner can buy hold, live or rent a real estate in Thailand. However, there are several rules that need to be followed in order to achieve this goal.
The owners have to be shared with Thai citizens: 51% Thai 49% Foreign. When buying a house with land, the only way to achieve this status is by opening a Thai company that follows similar rules, 51% Thai, 49% Foreign and that Thai company is holding the property and land.
A better way is to buy a condominium because the building as a whole considered as the property while the unit is bought as a shared part. Then the percentage of ownership on the entire building has to follow the 51%-49% rule. This results in 100% ownership of the condo that the foreigner buys.

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