Thailand Property – A Quick Introduction

Real estate in Thailand

1. A foreigner, typically,  cannot own land in his / her own name.
   It can be possible but it is very complicated and involving a lot of conditions.
2. A foreigner can lease land for up to 30 years at a time in his / her own name.
   This is guaranteed by the government.
   A lease is renewable 2 times.
3. A foreigner can own the house or building on a piece of land as distinct from the land itself.
4. A foreigner can enter into a legitimate partnership with Thai nationals in a majority Thai-owned company that develops real estate, not a shell company.
5. A foreigner can own a condominium in a registered building with not more than 49% foreign ownership overall; however, as yet there are no such buildings in Krabi.

For more information about any property and land ownership issues in Thailand, please contact us and you will quickly receive the information you need!