Key Considerations for Foreign Property Buyers in Thailand
Foreign investors in Thai real estate face several legal restrictions. Condominium ownership is permitted when at least 51% of units are Thai-owned, requiring proper foreign currency documentation. Land ownership remains prohibited, with 30-year leases being the primary alternative. These leases must be registered at the Land Department and carefully reviewed for renewal terms. Property taxes vary by location and usage type, while transfer fees typically amount to 2% of appraised value. Due diligence should include title verification and zoning law checks. Professional legal counsel is strongly recommended before any purchase. For detailed ownership guidelines, visit Thailand-Real.Estate.
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