Thai’s legislation allows foreign citizens to buy real estate in the country, but there are also their restrictions in this regard. As in most countries, foreign citizens are not given the opportunity to own land. A foreigner has the right to own only objects that are located on Earth. The right to buy land is granted only to legal entities. An individual has the opportunity to arrange the land in long -term lease.
Thus, many of our citizens take land for long -term lease for 30 years with the right to two -time extension. As a result, it turns out that it will be possible to use such real estate for 120 years. Supplements of various real estate options in the market can be found enough, both on domestic and foreign sites, if necessary, can help the domestic translation bureau when concluding agreements and other documents.
Residential apartments Foreign citizen without any problems can acquire full property. He, along with this purchase, has the full right to use parking, a pool, a garden, if any near the house. The only legislative restriction is that more than 49% of an apartment building in Thailand can not belong to a foreign citizen.
Modern foreign real estate agencies offer potential customers of the company a familiarization tour of 5 days, consultations for buyers are free. Before acquiring real estate in Thailand, a foreigner must confirm what he has, there is a special procedure for this. It opens in the bank account, the necessary funds are placed on it as a sign of evidence, then they will be paid. The account in the right bank is opened on the basis of a foreign passport and a tourist visa.