Property for sale in Thailand
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FAQ about Thailand
Can foreign nationals buy property 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 home on leasehold for 30
years (the term can be renewed twice) or purchasing the property through a limited company.
Can foreign nationals own real estate in Thailand?
Real estate in Thailand, issued on leasehold, can 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.
What is the average cost of property in Thailand?
The cost of property in Thailand ranges from $36,000 to $29,999,000.
The average price per square meter in Thailand is $2 950. Now we have 3,216 offers of property in Thailand.
What are the most popular locations 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).
What properties are popular in Thailand?
The following types of real estate are popular in Thailand: houses,
condominiums, apartments. Many villas
have spacious rooms and large outdoor areas with pools, gardens and great sea views. Condominiums and penthouses are
fully equipped with first-class amenities: swimming pools, gyms, 24/7 security. Some apartments and penthouses
in Thailand are serviced by management companies, have their own spas, tennis courts and direct beach access.
Why should I invest in Thailand?
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;
- igh 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.
Is it possible to earn on residential rentals in Thailand?
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.
How long can I rent my property out in Thailand?
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.
Can foreigners take out a mortgage to buy property in Thailand?
Thai banks do not provide mortgage loans for the purchase of real estate
in Thailand for non-residents. Moreover, foreign nationals can´t get a bank loan for any purpose.
Can foreigners obtain Thai citizenship through real estate purchase?
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.
What are the tax rates in Thailand?
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.
Recommended by the Editorial Team
The Buyer's Guide
- Buying property in Thailand as a foreigner
- Mortgage in Thailand
- Thailand taxes for foreigners
- Property maintenance in Thailand
- Permanent residence in Thailand by investing
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Real estate in Thailand: property prices
Thailand attracts foreign nationals with its wonderful climate (the air temperature never goes below +25°С), the crystal-clear sea, cheap and fresh food products, the friendliness of the locals and distinctive ancient history and culture.
The most popular destinations among buyers and tourists are the resort city of Pattaya and the islands of Phuket and Samui. It is beneficial to buy real estate in Thailand in the locations frequented by tourists. Residential property would be easy to lease or sell if necessary. Pattaya is chosen by the people who lead a more active lifestyle, while Samui, Kamala, Rawai, Nai Harn and Bang Tao are quiet localities suitable for retirees and families with children. Phuket is a happy middle ground, where you can buy relatively cheap property. The Patong resort is perfect for the lovers of nightlife.