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What are the procedures and laws for foreigners purchasing a home in Thailand?

foreign ownership home purchasing laws property financing lease agreements use of land Thai real estate condominium ownership visas and work permits

Dec 11, 2017

7 years ago

Jean-Jacques **************

ORIGINAL POSTER

What's the procedures and laws when it comes to purchasing a home and financing, for foreigners? 

I'm aware that foreigners are only able to outright own condominiums. However, in terms of home (not plot) ownership, what's the deal? 

Thank you for your contributed efforts in advance.

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TLDR : Answer Summary

Foreigners can only outright own condominiums in Thailand. For home ownership (structures), while you can own a house, you cannot own the land it sits on. Options include leasing the land for 25-30 years or having a Thai partner own the land, alongside a usufruct agreement for better security. Financing is typically available only with a work permit and long-term employment contract, and it is suggested to consult a competent lawyer for specific rights and local regulations.

Johnsuma ******

it can be different from town to town so the best advise was in the first post. Ask a COMPETANT lawyer.

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Tony *********

If you was thinking of building a house make sure that you have POWER OF ATTORNEY.

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Paul **********

And that the building permit is in your name.

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Paul **********

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Paul *******

You can own 49% of land.. 100% of a building but not the land.. or you can lease a land for

*****

years and build on it.

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Tony *********

Google Siam legal advice.

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David ****************

@Sebastian **************

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Johnsuma ******

For isaan only ... or some cities on the north.

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David ****************

@Jean-Jacques *************

. Take a look at Isaan Lawyers website. Lots of (free) information.

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Jean-Jacques **************

ORIGINAL POSTER

Been doing that all morning too haha. Just want some human experiences and opinions. 😅

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Jean-Jacques **************

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Robert *******

Financing a home can only be done with Work Permit and long time contract from Employer, even than it will be a small part. Yuo can have the house on your own name, not the land it is sitting on For that as mentioned already a usefruct is the best and safe option. Contracts have to be made by a lawyer and signed at the Land office.

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David ****************

You can get a lease/usofruct to make your situation safer if you have a good Thai partner who would own the land that it’s ‘sitting on’.

As suggested above see a lawyer

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Valère *************************

These laws and regulation together with the numerous options are so complex and extended... it's impossible to put a correct answer into one FB post.

Best is to talk to a (decent) realtor and or a lawyer (although you won't need one to buy property you might consider paying one for his advise only) and narrow answers down to your personal situation.

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Valère *************************

Geert Brouckmeersch Giving sound advice from 25 yrs experience in the field is also not apreciated. I'm sure the Island beachcumbers know it all already.

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Geert ***************

@Valère ************************

My Comments speaking the Truth about Thai Property & Lawyers got deleted by Administrator...

🤥

Thai Style not to speak about the Truth 😂

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Valère *************************

Samwise Fila Sure.

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Valère *************************

Samwise Fila Yup. And totally out of your league.

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Valère *************************

Robert Connell If you look again you will see that I never (and never will) use the word 'decent' and lawyer in one sentence. Except for picking their brains for research purposes or in litigation, they are absolutely useless and bottomless money pits. In Thailand they're also extremely lazy and slow, they outsource most of their work like accountancy which they tend to sell at a triple rate. Been in business here with 2 companies for over 11 yrs. bought and sold real-estate ... never used one and never needed one lawyer for nothing! But you do need a good accountant. Hire that one direct and skip the (lawyer) middleman.

Realtors, however,... there are (very few) good ones. But hard to find.

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Robert *********

decent realtor? decent lawyer? conflict of terms here

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Robert *********

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