A Simple Guide for First-Time Buyers in Thailand

Buying property in Thailand for the first time can feel exciting but also a little overwhelming. Here’s a step-by-step guide to help you understand the basics before you start your journey.

1. 

Understand What You Can Buy

• Foreigners cannot own land directly in Thailand.

• You can buy:

  
  

  ✅ A condominium unit (in your own name, as long as 51% of the building is owned by Thai nationals).

  
  

  ✅ A house, but the land must be leased (usually 30 years) or held via a Thai company or spouse.

2. 

Set Your Budget

• Condos in central Bangkok, Phuket, or Pattaya may be pricier than suburban or upcountry areas.

• Don’t forget extra costs:

  • Transfer fees & taxes (~2–6% of property price)

  • Legal fees

  • Maintenance fees (for condos)

3. 

Choose the Right Location

 Think about:

• Proximity to work or school

• Transport links (BTS/MRT in Bangkok, airport access in other cities)

• Lifestyle (beach, city, or suburban living)

• Rental potential (if you plan to invest)

4. 

Use a Reputable Agent or Lawyer

• Work with a licensed real estate agent who knows the local market.

• Hire an independent lawyer to check:

  • Ownership title

  • Any debts attached to the property

  • Building permits and approvals

    
    

5. 

Financing Options

• Most Thai banks do not offer mortgages to foreigners unless you work in Thailand with a valid visa.

• Many first-time buyers use savings or financing from overseas banks.

6. 

The Buying Process (Typical for Condos)

1. Reservation Agreement – pay a small deposit to secure the unit.

2. Sales & Purchase Agreement (SPA) – outlines terms, price, and payment schedule.

3. Payment – usually from a foreign bank in foreign currency (to show funds are from abroad).

4. Transfer at Land Office – legal ownership transfer, where taxes/fees are paid.

7. 

Ongoing Costs

• Condo fees/maintenance (monthly or yearly)

• Utilities (electricity, water, internet)

• Property tax (usually small for residential properties)

✅ Key Tips for First-Time Buyers

• Always do a title deed check before paying.

• Avoid buying without a lawyer.

• Think long-term: will this property fit your lifestyle or investment goals?

• If buying with a Thai partner, clarify ownership and rights legally.

👉 Buying in Thailand can be straightforward if you plan well, know the rules, and get good advice.