1)Can foreigners buy condominium units in Thailand?
2) Does it bring them any benefit?
3) do they need to be on any specific visa to be able to buy condominium units ?
4) And in general would you advise for or against buying one in thailand? Why?
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TLDR : Answer Summary
Foreigners can buy condominium units in Thailand without needing a specific visa, which provides benefits such as easier banking and potential rental income. However, opinions on whether to buy or rent vary widely, with some advising against purchasing due to concerns over property value appreciation and maintenance issues.
you can have bankaccount if you live in thailand and have longstanding visum. Banks do not want to open bankaccount for people who live here short time
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John ******
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J **************
Never buy, always rent
Thailand’s rapidly changing demographics
May make your dream condo unlivable.
Jesper *******
Yes foreigners can buy
Yes I rent out my condo (passive income)
No you don't need any specific visa to buy
Yes and No......each to its own
Nay *********
It depends for benefit because I make 10 % ROI I Y
Maik ******
2 ) own Condo / benefit for Sure / Bank / Adress in Thailand / No need Rental Contract( Visa)...much more easy If you own
Darren *********
Yes, might make opening a bank account easier, no, maybe but don't plan on it being worth more when you go to sell it.
Just be careful and make sure to view the property prior to making any down payment in person!!
All my friends in Thailand recommended that I should just rent so I wouldn’t have to worry about maintaining the place especially there tends to be issues with termites and other bugs!
Brandon ************
Yes, no, no, depends on your reasons
Reply to
Brandon ************
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