There are some restrictions for foreigners who intend to buy properties in Thailand, namely that foreigners can buy only condominium units and apartments and are not allowed to acquire land. Additional to this requirement is that only 40% of the condominium units can be owned by foreign citizens, however they can buy a whole building, but without the land. There is an option to purchase land in Thailand, which is the establishment of a private limited company with Thai and foreign ownership, the latter being lower than 49%. This is a common option chosen by foreigners and the help of a lawyer is highly advisable.
What fees are associated to newly-acquired properties in Thailand?
There are some additional fees that should be paid when getting a new property and the good news is that if you have chosen Thailand for your second home, the amount to pay is low. It is interesting that usually the buyer pays only the legal fees, while all other taxes and fees, for example the real estate agent’s fee, are covered by the seller. As a foreigner who would like to buy some property with land, you would also need to cover the additional fees for setting up a company.
The actual process to get a condo or apartment in Thailand is not very complicated but it is highly recommended to hire a real estate attorney to get you through the process. To start the process two documents are required to be presented – these are a passport and an Exchange Control Form. If, however, a foreigner has opted to buy land in Thailand and has registered a company first, then there is a list of documents to be presented for the property purchase to be initiated. Another note you should take is that upon signing of the purchase agreement you pay a deposit of 10%, which is non-refundable, unless the seller decides to cancel the deal – then he pays back the amount doubled to compensate the other party for damages.
Your dream property in Thailand is expecting you – but where?
Thailand is perhaps the most attractive destination for tourists in Asia due to its sunny islands and crystalline waters. The country combines the leisure paradise with the urbanized and well-developed areas offering great variety of houses, apartments and even hotels for sale. The real estate market is also quite diverse with options for luxury-lovers and bargain-seekers.
Check more options at our web
https://www.domaza.co.uk/properties_in_thailand/ .
Specific requirements for buying 
