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Learn Thailand's Real Estate Laws
Many foreigners are interested in living in Thailand and are starting to consider buying real estate in Thailand. There are many options besides buying land or unoccupied, villas or condominiums.
Foreign buyers should familiarize themselves with and comply with Thai laws regarding the purchase of real estate prior to purchase. That's why it's a good idea to consult a real estate professional.
Our real estate experts, the SMT team, can also help you set up a business in Thailand or buy a condo.
Buying Real Estate - Condos
In general, foreigners can purchase condos that are 100% their own. But at the same time, foreign investment requires a development quota for condos.
Foreigners must meet development quotas for condos they purchase and own 100%.
There are rules for where the funds come from, as well as certain fees associated with condo ownership.
So while buying a condo at face value may seem less complicated than buying another type of residence, it's best to research a property suggested by a real estate expert.
You should proceed carefully and review your documents in advance to prepare for the unexpected.
Buying Real Estate - Land
Foreigners also want to buy land in Thailand to build their dream house or villa. But what you need to know for sure is that foreigners are not allowed to purchase land in Thailand.
According to Thai royal decree, foreigners are not allowed to purchase land.
Although there are no exact studies on land ownership that a person (individual or company) of a Thai corporation must own and manage the land, one thing for sure is that foreigners can own houses or villas built on land.
In this regard, we can help you in the best way possible.
How to safely buy your property
To secure your investment, our team of real estate experts provides you with the following legal assistance:
※ Through real estate due diligence on real estate, we confirm that all matters related to purchase comply with Thai laws and procedures.
※ We create contractual clauses to ensure your rights and best interests.
※ Transfer registration is in progress to ensure the legal acquisition of property.