Frequent questions about buying property in Thailand

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What are the main types of property ownership for foreigners in Thailand?

Foreigners can own property in Thailand through three main methods: Freehold (via condominium foreign quota), Leasehold (usually 30 years), and ownership through a Thai Company. The appropriate method depends on the type of property and the buyer’s goals.

What is condominium ownership for foreigners in Thailand?

In Thailand, foreigners can own up to 49% of the total area of a condominium project under freehold ownership. These units are listed under the 'Foreign Quota'. The remaining 51% must be owned by Thai nationals, referred to as the 'Thai Quota'. This rule is based on the Condominium Act of Thailand.

Can foreigners own a villa or house in Thailand?

Foreigners can own the building (villa or house) in Thailand but not the land it sits on. The land can be leased for up to 30 years, often with options to renew. Alternatively, land can be held via a Thai Company structure, though this requires strict legal compliance.

What are the types of land titles in Thailand?

The main land title types in Thailand are: Chanote (full ownership), Nor Sor Sam Gor (confirmed use), and Nor Sor Sam (use without surveyed boundaries). Chanote is the most secure title. Before buying, always verify boundaries with a land survey, especially for Nor Sor Sam titles.

What are maintenance or CAM fees for Thai properties?

Common area maintenance (CAM) fees cover upkeep of shared spaces like pools, gyms, gardens, and security. They usually range from 20 to 70 THB per sqm per month and are paid monthly or annually. These fees do not include maintenance inside your private unit.

How much commission do real estate agents charge in Thailand?

Real estate commission fees in Thailand typically range from 3% to 10% of the final sale price, plus VAT. These fees are usually paid at the time of property transfer after the sale is completed.

How to transfer funds to Thailand for property purchase (FET or TT3)?

To buy property in Thailand, foreign buyers must transfer funds from overseas and obtain a Foreign Exchange Transaction Form (FET or TT3) from the bank for any amount over $20,000 USD. This document is required for repatriating funds when selling the property later.