Thinking about buying property in Thailand as a foreigner? It’s absolutely possible — but there are important rules you must follow.
Here’s a simple, up-to-date guide to understanding how foreigners can own or control property in Thailand safely and legally.
✅ Can Foreigners Own Condos in Thailand?
Good news:
Yes, foreigners can own a condominium in their own name with the same legal rights as Thai nationals — as long as they meet certain conditions under the Condominium Act.
Here are the two key requirements:
1. The 49% Foreign Ownership Rule
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No more than 49% of the total liveable space in a condominium building can be owned by foreigners.
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Example: If the foreign ownership quota is currently 30%, you can buy — because it remains under the 49% limit.
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Tip: Always confirm this with your real estate agent and have a lawyer conduct due diligence.
2. Funds Must Come From Overseas
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The full purchase price must be transferred from abroad in a foreign currency into a Thai bank account.
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The bank will issue a Foreign Exchange Transaction Form as proof, which you will need for registration.
✔️ Once these two conditions are met, you legally own your condo in Thailand.
What About Buying a House or Land in Thailand?
Here’s the challenge:
Foreigners cannot directly own land under Thai law as of 2024.
However, there are alternative legal options:
1. Long-Term Leasing
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Standard leases: 1 year (renewable)
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Long-term leases: Up to 30 years
A 30-year lease grants you uninterrupted rights to use the property for the entire lease term.
Why a 30-year lease?
Annual leases offer no security. A 30-year lease ensures you can stay long-term without the risk of non-renewal.
Note: Long-term leases usually require upfront payment, and terms are negotiated between you, the seller, and your agent.
You can:
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Lease a completed house and land
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Or lease land and build your own home (if permitted under the lease agreement)
Important: After 30 years, the owner can refuse to renew the lease or renegotiate the terms.
2. Holding Land Through a Thai National
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Property can be registered under the name of a Thai spouse or trusted Thai citizen.
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Warning: This method carries significant risk, as the Thai owner will have full legal control over the property.
Only use this method if there is complete trust.
3. Ownership Through a Thai Company
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Foreigners can set up a Thai company to hold land.
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Requirements:
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51% of the company must be Thai owned.
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The company must operate a legitimate business and comply with Thai corporate laws.
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This method is complex but possible if you operate a real, ongoing business in Thailand.
Why Work With a Real Estate Agent?
Buying property in Thailand can be challenging without local knowledge. A good real estate agent will:
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Offer market expertise
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Verify documents and ownership quotas
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Assist with legal and banking processes
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Negotiate the best terms
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Handle rentals or resales if needed
Best of all: Agents are paid by the seller, meaning you get professional help at no extra cost.
Final Thoughts: How to Own Property in Thailand as a Foreigner
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Own condominiums outright (under 49% quota, with foreign funds)
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Lease houses or land with a 30-year lease
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Use a Thai company (for real business operations)
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Always use trusted legal and real estate professionals
Ready to start building or investing in Thailand?
Contact Quality Touch Construction today for guidance, property advice, and expert building services.