Condominium Due Diligence in Thailand: Why Foreign Buyers Should Not Skip It
Many foreign buyers assume that purchasing from a reputable developer eliminates legal risk. In practice, this assumption often leads to costly mistakes…
Can foreigners buy property in Thailand?
Foreign nationals are permitted to own condominium units on a freehold basis, provided that foreign ownership in the project does not exceed 49% of the total saleable area. This is currently the most secure and commonly used option.
Foreigners are not permitted to own land freehold in their own name. Attempts to bypass this rule through nominee arrangements or informal agreements carry significant legal risks.
Alternative structures
Some buyers consider:
- Long-term leasehold arrangements
- Properly structured company ownership (subject to strict legal compliance)
Each option requires careful legal assessment to ensure compliance with Thai law.
For Further Information
Email: property@w-lawthai.com