Owning a home in the "Land of Smiles" remains a top priority for global citizens in 2025. With expanding transit lines and a booming digital nomad scene, Thailand offers a unique blend of lifestyle and investment potential.
Ownership Structures for Foreigners While direct land ownership is generally restricted, foreigners have several secure paths to call Thailand home:
Leasehold Agreements: A registered 30-year lease at the Land Department is the most common and secure way to control landed property.
Owning the Structure: Foreigners can legally own the house (the physical building) in their own name, while the land is held under a lease or other legal structure.
Condominium Freehold: The easiest route. Foreigners can own 100% of a condo unit as long as the total foreign ownership in the building doesn't exceed 49%.
Key Purchasing Steps in 2025
Due Diligence: Always hire a lawyer to verify title deeds (Chanote), building permits, and the seller’s legal standing.
Foreign Exchange Transaction (FET): Essential for title registration. Funds must be sent as foreign currency and converted to THB by a Thai bank.
Taxes and Fees: Be prepared for a 2% transfer fee, 0.5% stamp duty, or 3.3% Specific Business Tax (SBT) if the property is sold within five years.