Thailand real estate covers condominiums, houses, villas or land.
On Buying a House in Thailand
Buying a house on Thailand is not like buying a condominium, wherein any foreigner can purchase a condo unit up to 49% of the total number of condo units 1. With regards to buying a house, Thai law has put a restriction on this: a foreigner cannot own a house in his name.A foreigner can only own the structure, example a building, but not the land itself. This is one of the most common real estate challenge.
As a general rule, foreigners may not own a land in their name, thus there is no simple way of owning a house in Thailand.
However, there are two options available for you:
Contact qualified attorneys who would be able to assist you with a variety of matters related to your real estate transaction such as company registration, title search, due diligence, contract review or drafting, and assistance with the registration of the lease and ownership.
1 Condominium Act B.E. 2522 (1979) as amended 2008.