Can Foreigners Legally Own Property in Thailand?

by | Mar 16, 2022

Thailand remains one of the most popular locations for property investment as tourism grows each year. The most relatively easy way for a foreigner to acquire property in Thailand is to purchase a condominium, but buying a Condo comes with a process.

There are no restrictions on nationality and every foreigner who can enter Thailand legally (there are no visa-class requirements) can buy and own a condo unit within the foreign ownership quota of the condominium, but every foreigner must personally qualify for ownership under section 19 of the Condominium Act.

We have listed down below some frequently asked questions and best advice, guidelines when buying your first property in this beautiful country;

Thailand remains one of the most popular locations for property investment as tourism grows each year. The most relatively easy way for a foreigner to acquire property in Thailand is to purchase a condominium, but buying a Condo comes with a process.

There are no restrictions on nationality and every foreigner who can enter Thailand legally (there are no visa-class requirements) can buy and own a condo unit within the foreign ownership quota of the condominium, but every foreigner must personally qualify for ownership under section 19 of the Condominium Act.

We have listed down below some frequently asked questions and best advice, guidelines when buying your first property in this beautiful country;

Condo for Sale Pattaya and Condo Investment Property Pattaya Olympus City Garden apartment

Can I put ownership under my name?
– Yes! Foreign ownership can be put under your name. foreigners may own a unit within the foreign ownership quota. The condo act, section 19, governs foreign ownership and under this section foreign ownership is limited to 49% of the total floor area of all units in a condo building combined. More than half of the units must be Thai owned (51%).

Easy steps when purchasing with Global Top Group, safe and secured!
– You can find almost everything online nowadays, searching for your dream property is the same, doing your online research can provide you with further information about buying and owning a property in Thailand. Global Top Group provides clients online information about their projects, we offer virtual project tours, one on one Zoom meetings and many more, all in real time, no need to wait!

Can I put ownership under my name?
– Yes! Foreign ownership can be put under your name. foreigners may own a unit within the foreign ownership quota. The condo act, section 19, governs foreign ownership and under this section foreign ownership is limited to 49% of the total floor area of all units in a condo building combined. More than half of the units must be Thai owned (51%).

Easy steps when purchasing with Global Top Group, safe and secured!
– You can find almost everything online nowadays, searching for your dream property is the same, doing your online research can provide you with further information about buying and owning a property in Thailand. Global Top Group provides clients online information about their projects, we offer virtual project tours, one on one Zoom meetings and many more, all in real time, no need to wait!

Condo for Rent City Center Location Pattaya Olympus City Garden Global Top Group

Long-term payment plans
– Customers can buy and make long-term payment plan to suit everyone’s needs. Global Top Group have makes it easy for foreign investors to make a special payment plan. Money transfer is pretty simple and easy process. Global Top Group offers various stunning units at an affordable price point to suit everyone’s budget. Owning a property in Thailand is a fantastic investment that is likely to increase in value over time.

Personalized Service
– Global Top Group have a special after-sales service, after completing your payment and would like to transfer the unit under your name, our professional team will help assist and manage this process for you, free of charge! Our team is very knowledgeable in the different property laws and procedures on how to go about and complete your purchase.

Property One-Stop Services with Global Top Group.
– Global Top Group Voted as one of the Top 10 Developers in Asia offers clients multiple services under one roof! Services includes After-Sales Service, Maintenance Service, Condo Rental Management, Construction Department, Housekeeping Services. All these services are for the benefit of our customers, providing them convenience and efficiency. Everything you will need under one roof!

Long-term payment plans
– Customers can buy and make long-term payment plan to suit everyone’s needs. Global Top Group have makes it easy for foreign investors to make a special payment plan. Money transfer is pretty simple and easy process. Global Top Group offers various stunning units at an affordable price point to suit everyone’s budget. Owning a property in Thailand is a fantastic investment that is likely to increase in value over time.

Personalized Service
– Global Top Group have a special after-sales service, after completing your payment and would like to transfer the unit under your name, our professional team will help assist and manage this process for you, free of charge! Our team is very knowledgeable in the different property laws and procedures on how to go about and complete your purchase.

Property One-Stop Services with Global Top Group.
– Global Top Group Voted as one of the Top 10 Developers in Asia offers clients multiple services under one roof! Services includes After-Sales Service, Maintenance Service, Condo Rental Management, Construction Department, Housekeeping Services. All these services are for the benefit of our customers, providing them convenience and efficiency. Everything you will need under one roof!

Condo for Sale Pattaya and Condo Investment Property Pattaya Olympus City Garden apartment

We are here to help and guide you through the process. Feel free to contact us today!

Please call our hotline +66 (0) 907417417. Or please visit our website at; www.globaltopgroup.com.

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