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Buying Property

Planning on buying your dream home in Thailand? We are here to help you every step of the way.

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Why the Thaiger?

As a foreigner, buying a property in Thailand might not be the easiest thing. But you’ve got nothing to worry about because we can help! Our quick and efficient service won’t only save you money, but also time.

Can Foreigners Buy Property in Thailand?

It’s easy to see why people want to buy property in Thailand. The country is not only popular for its beautiful beaches, culinary delights, and glimmering temples but also for its business and investment opportunities. In the past two decades, there has been an influx of foreigners buying property in the Land of Smiles.

Generally, foreigners are only allowed to purchase condominiums. However, there are alternatives available to foreigners who want to buy commercial property and even land in Thailand. The most common option is to set up your own Thai Limited Company. However, many people also choose to enter into a long-term leasehold with a Landowner. Even when you don’t own the land, you can own the house or structure on it with a leasehold.

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Procedure to buy property in Thailand

Here is the summarised steps and procedures you must follow when thinking about buying property in Thailand. The Thaiger and our partners are here to help you with your questions and uncertainties.

Select the property

We will support you from selecting the right property in the right location, suiting your budget and needs.

Legal Planning

You need to know the legal process for purchasing property in Thailand, a lot of the work can be done before hand or by an agent.

Title Search

Verify before you do a contractual agreement, ensure the seller has a valid and legitimate title.

Make a Deposit

Since you make the deposit, the seller will reserve the property for you and start drafting the purchase contracts.

Review the purchase contract

Double check the terms and conditions of the contract before sign the documents and transferring your name to the department of land.

What You Need to Do Before Purchasing a Property in Thailand

Buying a property, especially in a foreign country, can be difficult. Making a mistake can cost you a lot of money and waste a lot of your time, therefore, following these step before you purchase a property in Thailand can be of help.

Legal check

Standard legal support should consist of:

– Initial investigation of title required to ensure that no pending charges and encumbrances remain.

– A purchase agreement or sales contract.

– Thai bank account of the buyer.

– Advice and support in maintaining accordance with the condominium act.

– Foreign exchange transaction form service. The buyer’s bank is required at the land office to register the transfer of ownership.

– Taxes, duty & transfer fees calculation.

– Representation for completion of title transfer at the land office.

– Providing the Attorney Power required for the transaction.

Due Diligence

– Developer bankruptcy search.

– Building permit and land zoning review.

– The condominium juristic Person’s examination.

– Verification of property rules and accounts.

– Enquiry as to the potential budget proposed.

– Insurance policy.

– Site inspection.

– Approval of IEE and IEA filling process review.

– Construction or developer plan.

– Background search whether the land, property or actual developer is related to any pending legal proceedings or mortgages.

Transfer Fees and Tax

Centered on the actual age or time of possession, the fees for transferring property in Thailand are varies. Transfer fees can be split by all parties and are divided between the buyer and seller 50/50 or entirely paid by one. Another rule states that, sales tax is set at 0.5% of the selling value of the property at the point of purchase and at the time of transfer.

Company tax is 3.3% of the value, broken down as 3% of business tax and an extra 10% of local tax applied. Only applicable on the property if the seller has owned the property for less than 3 years, otherwise no fee would be charged.

 

Customer Ratings





5/5

45 reviews

Customer Reviews

12/1/2021

I am happy with the services the Thaiger and their partners have provided. The representatives that I spoke to was on point and gave me the best service.

Alex Fenderson



22/1/2021

The staff handled my situation perfectly, and the cost was very affordable, come with a lot advantages. Highly recommend and I will be using this service again soon.

Olaf Persson
26/1/2021

Very quick response, my inquiry got handled very fast and service was very good, very clear information and explanation thank you.

Lola Rose



10/2/2021

Good services, the Thaiger don’t only helped me get the best price, but also advise mo on the best location.

Tom Wonberg



13/3/2021

Good service, the agent provide me with amazing info. They speak English fluently so nothing is lost in translation.

Billy Hong



25/2/2021

There’s a whole list of services they provide as soon as you let the team know what your situation and your requirement is, you just need to get in contact with them (its free) and then you can get a call back from one of their partners.

Della



Types of Property to Buy in Thailand

You can buy various types of properties in Thailand. However, have we categorised them into two main types: commercial and private property.

If you have a company in Thailand or working with a local partner, you can buy any kind of commercial real estates, such as office buildings, resorts, hotels, industrial real estate, and retail stores.

With our partners, we can give you the best recommendations that fits your needs and budget, who can also advise you about ownership regulation, current market conditions and many more.

Key Points:

  • You can buy any kind of commercial property, ranging from hotels to office buildings.
  • Get advice about the current market condition and ownership regulation.
  • Save time and money as your searches are managed.

Thinking about buying an apartment, condo, house, or even a villa in Thailand? We can definitely help you. Technically, you can only buy condos as a foreigner in Thailand. However, there are numerous ways to acquire other kinds of property in the country.

Key Points:

  • Buy any kinds of private property you want.
  • Simple, safe, and legal procedure.

The process of buying property in Thailand is not as complicated as you think.

The Thaiger and their partners have given me a better price and method to buy property in Thailand.. The team gave great advice about the location, price, and basically everything!

Top tip: Don’t forget due diligince as a risk management strategy.

Should foreigners buy land or condominiums?

What you should buy will depend a lot on your lifestyle, preferences, and your priorities. On a price per square meter basis, landed property often provides tremendous value; there is also the added bonus of having more control over the land and the house. Condominiums cater to many international investors because of their convenience and versatility. On the other hand, it will severely limit refurbishments, renovations, general privacy, and control due to their communal existence.

Join the many satisfied customers who’ve bought their property through the Thaiger

Other Related Products

There are other services you may want to check out to ensure you will get full support for your business in Thailand.

Accounting Services

Accounting is part of every successful business. Our accounting service can help you calculate and prepare tax returns. Consultancy and advisory, bookkeeping, as well as audit and assurance are also included in the service.

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Tax/VAT Registration

Tax/VAT registration is essential when setting up your business in Thailand. Register your Tax/VAT through us for a faster and easier process.

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BOI Thailand Services

The Thailand Board of Investment (BOI) is a government body to encourage foreign investment in Thailand. Being certified by BOI can give your business a range of benefits. We can help you with your BOI registration so you can be certified by BOI.

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Business Investments

Thinking about business investments in Thailand? Let us help you get started with the process!.

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Choose the right property for you.

Before you purchase a property in Thailand, it is important that you define your primary motivation. The whole process, from choosing the right property to the actual purchase itself can be different depending on the reason you want to buy your property.


Investment

The Thaiger has a specialised team for investors who are looking for the best return on investment with the best projects across the country. It is common for such projects to provide a guaranteed return of 5 to 8% over a 3-5-year period.

Holiday Home and Investment

Thailand is an excellent location for a holiday home, which you can use as your own private place to relax or to invest. For anyone wanting to gain a rental income while enjoying an amazing holiday, this is the way to be.

Retirement

For those who want to rest and enjoy the country’s nice environment and low cost of living during their retirement years, Thailand is the place. It is one of the most cost-effective retirement destinations in the world. Access to excellent healthcare and a wide expat community in Thailand are other benefits for retirees.

Personal

It very common for people who just want to work and have property in Thailand. We can help you find the best property to suit your lifestyle.

Business Investment in Thailand

We all know that Thailand is famous for its natural beauty, glimmering temples, and delicious food. But today, more and more people are coming to the Kingdom, not only to relax on its beaches but also to make investments in various business areas.

Thailand is experiencing significant growth, supported by foreign demand, public investment, domestic consumption, as well as a rapidly growing population and exports. Its fast-growing economy has made it an attractive destination for foreigners to invest in the country. It is considered one of the best options for foreign investors as it offers a liberal economic policy, a skilled workforce, and a strategic location. The Thai government also strongly supports foreign investments into the country.

Frequently Asked Questions About Buying Property in Thailand

Having a direct deposit from your home-country bank account to the developer’s bank account is standard practice (and sometimes preferred) for freehold land. Ensure you fill out and collect an International Transaction Form from the developer’s bank after completing the move. But it even more comfort you if you have a Thai bank account.

When purchasing real estate in Thailand, you’ll come across a few words related to land dimensions that you might not be familiar with: 1 square wah= 4 sq. meters, 1 ngan=400 sq. m, and 1 rai=4 ngan or 1600 sq. meter.

The Transfer Fee is 2% higher than the property’s appraised value. Over the reported sale value or appraised price, there is a 3.3% business fee. Stamp duty is 0.5% of the sales price.

Withholding tax varies depending on whether the seller is a business or an entity. In addition, there is stamp duty and a special corporation fee (SBT). This varies depending on the transaction and is normally addressed in advance. Developers and consumers typically divide fees 50/50.

If you’re buying from a developer or a private owner, the answer to this question can vary. To legally remove the unit from the market, a deposit is required first, which is normally between 1% and 2% of the overall price.

Of course, but you can’t own the land which it’s built on. The building may legally be owned and registered under your name.

Yes, you can purchase the land from a corporation. You have to own 49% of the company, while the remaining 51% is owned by a Thai national.

Foreigners are allowed to own freehold condominiums under Thai law. A foreign buyer must be able to enter Thailand legally in order to purchase a condominium. They must demonstrate that the funds used to purchase the condominium were sent from abroad. The minimum amount of foreign currency that a foreigner must bring to be eligible is at least equal to the condo’s purchase price.

Yes, the property tax is currently 12.5% of the annual assessed rental value of the property. If the individual owner lives in the property, no tax is due.

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