Buy property in Ko Samui

Chaweng Holiday Villa For Sale, Koh Samui
4 850 000 THB
Luxury Sea View Apartment For Sale
4 000 000 THB
Ko Samui
0
1 1 64 м²
Pool View Freehold Studio For Sale Near Beach
4 100 000 THB
The Pool Townhouse For Sale, Koh Samui
4 500 000 THB
Ko Samui
0
2 3 170 м²
Chaweng Townhouse For Sale, Koh Samui
4 800 000 THB
Ko Samui
0
2 3 120 м²
Bophut Pool View Duplex For Sale, Koh Samui
4 800 000 THB
Affordable Garden Pool Villa For Sale On SE Coast
5 500 000 THB
Chaweng Direct Ownership Condo For Sale
5 200 000 THB
Ko Samui
0
2 2 115 м²
Stunning Modern Pool Villa For Sale
7 900 000 THB
Ko Samui
0
3 2 240 м²
Luxury Garden Pool Villa For Sale, Koh Samui
8 500 000 THB
Bophut Duplex Villa For Sale, Koh Samui
9 000 000 THB
Modern Seaview Chaweng Villa For Sale
9 900 000 THB
Ko Samui
0
3 3 250 м²
Pool View Freehold Studio For Sale Near Beach
4 100 000 THB
Ko Samui
0
Studio 1 48 м²
Chariya Residence Apartments, Koh Samui
7 900 000 THB
Ko Samui
0
2 2 136 м²
Contemporary Sea View Apartment In Secure Estate
15 000 000 THB
Emerald Samui Condo For Sale North-East, Plai Laem
2 620 000 THB
Duplex Pool Villa For Sale 1km To Beach
8 000 000 THB
Ko Samui
0
2 3 260 м²
Beachside Sulawan Villa For Sale, Koh Samui
9 000 000 THB
Chaweng Residence Villa For Sale, Koh Samui
10 500 000 THB
Samui Freehold Sea View Condo In Plai Laem
11 000 000 THB
Ocean View Apartment For Sale With Large Pool
6 950 000 THB
The Residence Bang Por, Koh Samui
7 200 000 THB
Ko Samui
0
2 2 130 м²
Bophut Townhouse With Pool For Sale
3 800 000 THB
Ko Samui
0
3 3 130 м²
Affordable Villa With Private Pool, Koh Samui
4 500 000 THB
Sea View Duplex For Sale, Koh Samui
6 325 000 THB
Ko Samui
0
2 3 185 м²
Brand New Beachside Villa With Pool For Sale
6 450 000 THB
Koh Samui Pool Villa 400m To Lipa Noi Beach
6 990 000 THB
Modern Balinese Pool Villa For Sale
8 950 000 THB
Ko Samui
0
3 4 200 м²
Bang Por Sea View Villa For Sale
10 000 000 THB
Ko Samui
0
2 2 120 м²
Sea View Bophut Villa For Sale
12 000 000 THB
Ko Samui
0
2 3 228 м²
Luxury Balinese Villa For Sale 5 Mins To Cheong Mon Beach
12 400 000 THB
Chaweng Noi Pool Villa 450m To Beach For Sale
12 900 000 THB
Chaweng Sea View Pool Villa, Koh Samui
12 900 000 THB
Ko Samui
0
2 2 180 м²
Modern Garden Villa For Sale In Gated Estate
13 000 000 THB
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FAQ about Thailand
1. Do I need to be personally present when concluding a transaction for the sale of residential property?

One of the advantages of purchasing real estate in Thailand is the possibility of remote execution of the transaction. Legal support and registration of the procedure for buying a residential property can be entrusted to a specialist by proxy.

2. What documents are issued after the registration of real estate in Thailand?

«Chanot» is the main document regulating your property rights is issued and registered by the land department after the purchase of real estate in Thailand. Chanot contains all the necessary information about the acquisition, including the plan-scheme, the owners of real estate and records on how to use it.

«Tabien Ban» is the house registration book, a kind of residence permit, which is proof of your residence in the specified residential complex. Tabien Ban is provided by the local municipality.

3. Can a foreign citizen buy land in Thailand?

The right to own land in Thailand belongs only to the citizens of the kingdom. However, under certain conditions, a foreigner can become the owner of a land plot. To do this, you need to purchase a Thai company and register land or a house with a plot for this company. To open your company, you will need from 50,000 baht.

It is also possible to lease the plot for 30 years with the possibility of a twofold extension for the same period. If the land is associated with business development, then the lease term is tripled. Thus, foreigners may well acquire a land plot in Thailand.

4. Can a foreigner transfer his Thai property to heirs?

The owner has the right to dispose of the property acquired in Thailand at his own discretion, including giving and passing on by inheritance. The prospective heir is entered into the document when registering the right of ownership or, if the name of the heir is not indicated, then the property passes in the manner prescribed by law. As a rule, parents are the first in line to receive an inheritance, then the spouses of the testator. Next in line are children, if there are none, then the closest male consanguineous member of the family who has reached the age of majority.

5. Can a foreign citizen buy land in Thailand?
The right to own land in Thailand belongs only to the citizens of the kingdom. However, a foreigner can become the owner of a land plot. To do this, you need to purchase a Thai company and register land or a house with a plot for this company. To open your company, you will need from 50,000 baht.
It is also possible to lease the plot for 30 years with the possibility of a twofold extension for the same period. If the land is associated with business development, then the lease term is tripled. Thus, foreigners may well acquire a land plot in Thailand.
6. Can foreigners purchase residential/non-residential property in Thailand?

Foreigners have the right to purchase property in any region of Thailand without any obstacles, but according to the laws of the kingdom, the land cannot be wholly owned by foreigners. There are two options for owning property in Thailand.

The first option is freehold, which implies free possession of the acquired property.

The owner is issued a stamp document confirming the right of ownership with the possibility of full disposal of real estate at will - resell, lease and receive profit from this, give as a gift or inherit.

The second option is a leasehold - a long-term lease for a period of 30 to 90 years. The owner is issued a registered document for the lease of the property. In this case the acquisition is not subject to tax collection and does not require a declaration. The lessor cannot dispose of the object leased before the end of the contract. The tenant can resell the right to real estate to another person.

7. What is the average cost of living space in Thailand?

The cost of housing depends on the popularity of the region, the proximity of tourist routes and the availability of infrastructure necessary for a comfortable stay.

In the real estate market, the price per square meter is from $ 2,200. For this money, you can buy quite a decent studio, fully furnished, or comfortable apartments from 35-40 m2 at a price of 100-110 thousand dollars.

8. What types of construction projects are in demand in Thailand?

As a rule, real estate in Thailand is purchased for personal use or for investment purposes. Apartments, apartments in residential complexes, condominiums, comfortable villas and mansions are most often bought as an object for their own residence. The minimum cost of a standard furnished apartment with an area of up to 40 m2 in Phuket, in a respectable area starts from 100 thousand dollars. Housing of this type is suitable for short stays and is an excellent investment option.

9. Why is it worth investing in apartments, houses and villas in Thailand?
  1. Owning real estate in Thailand is a prestigious and profitable business.
  2. The demand among those wishing to invest in real estate in Thailand is constantly growing.
  3. The local currency is considered one of the strongest in Asia and is notable for its stability for a long time.
  4. The taxation system. For example, if the cost of housing does not exceed 25,000 baht, then the tax is only 0.03 percent.
  5. The possibility of making a transaction without personal participation, in remote mode.
10. Can I earn money by renting out real estate in Thailand?
Buying real estate in Thailand is a promising investment in order to increase your own profit.
There are two ways to earn income from real estate in Thailand. The first is to rent housing, especially during the high tourist season. Secondly, the value of real estate is growing every year. And you automatically become richer.
11. How long can you rent property in Thailand?

There are no special restrictions and prohibitions on the terms of leasing real estate in the kingdom. The landlord has the right to offer purchased real estate objects for any period, under any conditions that do not contradict the laws of the kingdom, based on their own considerations. Some restrictions may be imposed by the management company, which has its own rental conditions prescribed in the contract, which it is advisable to familiarize yourself with in advance and take into account in the future.

12. Can foreigners obtain Thai citizenship through the purchase of real estate?

The acquisition of real estate by foreign citizens on the territory of Thailand does not give the right to automatically obtain a residence permit or any visa exemptions.

To get a long-term visa with the right to stay in the kingdom for up to 20 years, you need to invest 10 million baht to the Thai economy.

Real estate investments also relate to economic development. To do this, you need to buy one or more properties for a total amount of 10 million baht and above.

13. What are the tax rates on real estate in Thailand?

In Thailand, the tax levy on housing is regulated by Law and depends on the purpose of using the property.

An attractive factor for investors is the low interest rate of tax, which is no more than 1% of the market value of real estate.

Taxes and other state duties provided for when making a trade transaction are divided between the seller and the buyer. The tax is determined based on the selected type of transfer of real estate – leasehold or freehold.

The tax on the sale of real estate is calculated on a progressive scale.

14. Do I have to pay tax when renting out my property as a non-resident in Thailand?

Every owner of real estate in Thailand is obliged to pay tax on the profits received from renting out the property.

If the owner of the property resides on the territory of another state and is not a taxpayer, the following conditions apply:

  • it is necessary to fill out an annual declaration indicating income for the past year;
  • the management company withholds 10-15% of your rental income.

Demand for luxury housing in Phuket is growing thanks to Russians. Developers are actively building new villas.

17.10.2023

Experts see an increase in foreign buyers' activity in Thailand's real estate market in 2023 after a downturn due to the pandemic. There is an increase in the number of transactions and their value.

02.10.2023

Analyzing the impact of visa abolition on the inflow of Chinese investors and demand for condominiums in Thailand

04.09.2023