Short answer: Yes - 100% foreign ownership allowed for units in licensed condo buildings. , Up to 49% of the total unit area in a condo building can be foreign-owned. , Purchase must be made in foreign currency transferred from overseas. , Must obtain a Foreign Exchange Transaction (FET) form for amounts over $50, 000 USD. es, UK citizens can buy property in Thailand, but with some restrictions depending on the type of property: What UK Citizens Can Buy.
es, UK citizens can buy property in Thailand, but with some restrictions depending on the type of property:
✅ What UK Citizens Can Buy
🏢 Condominiums
- Yes – 100% foreign ownership allowed for units in licensed condo buildings.
- Up to 49% of the total unit area in a condo building can be foreign-owned.
- Purchase must be made in foreign currency transferred from overseas.
- Must obtain a Foreign Exchange Transaction (FET) form for amounts over $50,000 USD.
🚫 What UK Citizens Cannot Buy Directly
🏡 Land or Houses on Land
- Foreigners cannot legally own land in Thailand.
- However, options include:
- 30-year leasehold agreements (renewable, often structured to 90 years total).
- Owning the house but leasing the land it's built on.
- Using a Thai company (with majority Thai shareholders) to buy land – must be set up legally and carefully.
- Buying in a Thai spouse’s name with a signed agreement stating the land is not a marital asset (if married to a Thai).
🛂 Do You Need a Visa to Buy?
- No visa required to buy property.
- But owning property does not entitle you to live in Thailand permanently—you’ll need a separate visa (retirement, business, Thai Elite, etc.).