THAILAND
How to Buy Property in Thailand
7 steps · 2–4 weeks on the resale market
Condos register directly in a foreigner's name: no visa, no local company
49%
foreign quota
share of condo floor area open to foreigners
2%
transfer fee
of appraised value, usually split 50/50
2–4 wks
deal timeline
from deposit to chanote
$50,000+
FET threshold
funds must arrive from abroad
Three key conditions
1
Funds from abroad
FET form is mandatory for freehold
2
Quota letter
requested before any deposit
3
Lawyer & checks
chanote, EIA, developer track record
Closing costs: Thailand is cheaper
Thailand
half the transfer fee + lawyer
~3%
Turkey
4% tapu fee + charges
~4–5%
Spain
taxes, notary, registration
~10–13%
Can and cannot
CAN
Condo in full ownership: freehold within the 49% quota, in your name
CANNOT
Land ownership: registered lease up to 30 years only