Key Considerations for Foreign Property Buyers in Thailand
Purchasing property in Thailand as a foreigner involves navigating specific legal frameworks. Condominium ownership is permitted when at least 51% of units in a building are Thai-owned, requiring proof of foreign currency transfer. For land and houses, 30-year leasehold agreements are common, though renewal terms vary. Property taxes include transfer fees (2%), stamp duty (0.5%), and potential capital gains tax. Due diligence should verify title deeds at the Land Office and check for outstanding liens. Professional legal advice is recommended to understand contract terms and ownership restrictions. Market conditions differ significantly between Bangkok, tourist areas, and rural locations. For detailed purchasing guidelines, visit Thailand-Real.Estate.