Can a foreigner own property in Thailand?

The most commonly asked question by overseas property buyers and investors looking at Thailand real estate is whether they can own property, and own property in their own name.

Under Thai law, and specifically the Condominium Act (1979), foreign property buyers can own up to 49% of the total floor area in any single condominium development. Units can be owned on a freehold basis and in the name of a buyer from overseas. It’s widely regarding as being the best ownership method for overseas buyers of Thailand property and real estate.

Leasehold is another form of “ownership” although this is becoming less popular. Thai law currently only allows leases for a maximum of 30 years, after which it is possible to obtain subsequent renewals.

It is not, under Thai law, currently possible for foreigners to own land in Thailand in their own name.