Short answer: Yes, foreigners can own freehold property in Thailand-but only under specific conditions, mainly when it comes to condominiums. Here’s what’s allowed. Condominiums: Foreigners can own freehold condos in their own name, as long as: , The condo is part of a registered condominium building. , The total foreign ownership in the building does not exceed 49% of the total unit space. , Funds used for purchase come from overseas and are properly documented with a Foreign Exchange Transaction (FET) form.
Yes, foreigners can own freehold property in Thailand—but only under specific conditions, mainly when it comes to condominiums.
Here’s what’s allowed:
- ✅ Condominiums: Foreigners can own freehold condos in their own name, as long as:
- The condo is part of a registered condominium building.
- The total foreign ownership in the building does not exceed 49% of the total unit space.
- Funds used for purchase come from overseas and are properly documented with a Foreign Exchange Transaction (FET) form.
- ❌ Land: Foreigners cannot own land freehold in Thailand. This includes villas or houses with land, which means alternative structures like leasehold, Thai company ownership, or spousal ownership need to be used.