Do you plan to buy property in Thailand?
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Real estate markets all over the world experience a turbulent period and it’s difficult to say what the end result will be in the coming months. It mainly comes down to how long lockdowns will be in place and for how long countries will keep their borders closed.

The Thai property market started to slow down in 2019 and the market was predicted to continue on that track even before the COVID-19 crisis started. Many homeowners will face challenges, at the same time as novice investors will look for discounted property.

To keep you updated about the real estate market in Thailand during these uncertain times, we’ve written this article and where we will share updates weekly.

Update 2020-05-22

Thailand only had 3 new cases on May 21st, bringing the total number of affected to 3,037. The death toll remains at 56.

Yet, on May 18th, the Civil Aviation Authority of Thailand (CAAT) extended the ban on Incoming International Flights Until June 30th.

Thai Airways suffer hard and the government will reduce holdings in the airline and petition for restructuring through the bankruptcy court.

Update 2020-05-15

On May 13th, the government reported no new corona cases in Thailand. On May 14th, the country recorded one new case.

Emergency Decree remains until May 31st. This means that unless you meet certain criteria, you’ll be denied to enter Thailand as a foreigner.

Update 2020-05-08

Thailand saw 3 new coronavirus cases and a total of 2,992 as of 2020-05-07, according to senior officials.

The country has started to gradually lift restrictions as of Sunday, May 3rd. People are visiting parks, get haircuts at salons, and dine out for the first time in more than a month.

Thailand’s Property Market in the Past Years

Increasingly more foreigners, particularly from mainland China and Hong Kong, have entered the Thai property market during the last decade. The real estate market has grown slowly but consistently, breaking new record-levels in Bangkok. Continue reading COVID-19’s Impact on Thailand’s Real Estate Market

Suggestion: Watch the 5 minutes video tutorial before reading this article

Do you plan to buy property in Thailand?
Click here to get in touch with an experienced agent

We all know about the temptations that Thailand has to offer: white beaches, low living costs, and real estate that costs a fraction compared to back home.

Maybe you have already decided to purchase a property or just want to learn more about how it works when buying real estate in Thailand.

In this article, I explain about foreign property ownership regulations, how you can buy property as a foreigner in Thailand, about property taxes, if you can rent out the property, and more.

Can foreigners buy property in Thailand?

Foreign individuals are allowed to buy 49% of the units in condominium projects. The remaining 51% needs to be allocated to locals.

Besides, foreigners can own strata-titled office units, with similar regulations as when buying condominiums. This is not common though, but worth mentioning.

You can also buy and own physical structures, but not the land that these structures are built on. But there are ways to get around this.

You can either lease the land or buy it through a local company (where the first option is significantly easier). Let’s review the two options. Continue reading How to Buy Property in Thailand: The Ultimate Guide