Buying property in Thailand whether it’s a condo, a house/villa or a piece of land is fast becoming popular among foreign investors who would like to have a holiday home in Thailand or simply as a form of investment. The form of ownership can be either freehold or leasehold depending on the type of property to be purchased. Our firm is experienced in assisting foreigners with their property purchase in Thailand.
Property
Buying a condo in Thailand seems to be the most popular real estate transaction among foreigners in the Kingdom. The popularity of this practice may stem from the fact that condominiums are the only properties that foreigners can own free hold or that which can be registered in their own names. However, the purchase of condo in Thailand is never a straightforward procedure as it’s also subject to some limitations as provided by the Condominium Act of Thailand. Foreign buyers have to be aware of the following rules when purchasing a condo in Thailand:
Foreigners are not allowed to own land in Thailand. But, there are certain avenues provided by Thai laws in which a foreigner may be able to acquire land in Thailand.
PURCHASING A PROPERTY IN THAILAND: STANDARD CONVEYANCING PROCEDURES
The Thai Real Estate market is unregulated so the foreigner who is contemplating on buying a property in Thailand is advised to follow the following procedures in order to protect his real estate investments in the Kingdom.
Our legal counselors and attorneys who are highly experienced in this area can guide and assist you along the process of dealing with all complications in property related transactions. Please feel free to contact us for additional information or assistance you may require. Our legal consultation is free-of-charge and we are more than happy to assist you.
