Property for sale in Thailand

Foreign nationals can buy property in Thailand, choosing either freehold or leasehold as the form of ownership. Apartments in condominiums can be freehold (fully owned), provided that foreign nationals own no more than 49% of the area in this condominium, or leasehold (rented for long terms). When interested in buying property in Thailand, the foreign investor has two options: having a villa on leasehold for 30 years (the term can be renewed twice) or purchasing the property through a limited company.

Apartments in condominiums can be freehold (fully owned) or leasehold (rented for long terms). Leasehold property may be sold or leased. Foreign nationals are not allowed to own land in Thailand by law but can own property built on the land plot. One only has to apply for a construction permit to build a house in one’s own name.

The cost of residential in Thailand ranges from 77,000 € to 74,160,000 €.

The average price per square meter in Thailand is $2,950. Now we have 2,978 offers of residential in Thailand.

The most popular destinations for buyers and tourists are the resort city of Pattaya, the islands of Phuket and Samui. Buying real estate in Thailand is beneficial in places where there are many tourists. Your residential property will be easy to rent or sell if necessary. Pattaya is chosen by those leading a more active life. Samui is a quiet place for the retired and families with children. Phuket is a universal place with beautiful beaches, which is perfect for the lovers of nightlife (Patong), and for luxury recreation (Kamala, Bang Tao).

Thailand is Asia’s second most popular tourist destination after China. Investors from all over the world put their funds into the island's infrastructure development. The reasons for investing in Thailand property are the following:

• buying property in Thailand, you can recover the funds spent by renting out a property;
• high property price appreciation;
• year-round tourist season;
• climate: the sun shines for more than 200 days a year there, and the average air temperature is +30°C;
• beautiful views and white beaches with azure water.

Real estate in Thailand is in great demand among tourists and buyers. With the year-round tourist season you can have a great rental income. There are many projects with guaranteed returns of 7–10%. Management companies provide full property maintenance service. You can also use your property as a holiday home for 2–4 weeks a year without losing income.

Thailand has a year-round tourist season. October through April it is the high season and during European nationals and the citizens of the CIS countries come there. May through September is the low season characterised by short tropical rains, but the air temperature does not drop below 30 degrees. This is when the residents of the Middle East, Australia and New Zealand visit the country.

Thai banks do not provide mortgage loans to non-residents in Thailand. Moreover, foreign nationals can´t get a bank loan for any purpose.

Permanent residents can apply for citizenship. Thailand citizenship allows you to buy property, own any business and apply for any kind of job. You can apply for Thai citizenship:

• residence in Thailand for at least five years;
• permanent employment;
• to be married to a citizen of this country;
• your baby was born in Thailand.

Children born to parents with Thai citizenship automatically get citizenship regardless of where they were born. In order to obtain Thai citizenship, you must renounce your current nationality.

When selling a freehold property, the stamp duty is 0.5% of the assessed value or sale price, depending on which is higher. If you sell a freehold property within five years of buying it, you will be subject to a business tax of 3.3%. The seller also pays a real estate sale tax at a rate of 1% (when being a legal entity) or a withholding tax calculated at a progressive rate up to 35% (when being an individual).

When owning and renting real estate the tax rate is generally 15%, except for the dividend tax rate, which is of 10%, while other rates may apply under the provisions of a double tax treaty (DTT). There is no general property tax in Thailand. On January 1, 2020, a new tax regulation in regard to property ownership, rent and lease was introduced. Residential buildings valued at not over ฿10 M where the residents are registered are not taxable. Apartments or houses with a hotel license are considered commercial real estate and taxed at a rate starting from 0.3% of the cost.