THINKING OF SELLING ?Get In Touch
YouTube Channel - PhuketRealtor
If you are living in Thailand for an extended period of time, you will want to open a Thai bank account as a foreigner. Most banks require your sales and purchase agreement, your passport and a deposit of 5,000 THB or more to open an account. Rules may vary from bank to bank.
A one-year visa can be issued to foreigners who wish to obtain a long stay in Thailand. The issuance of visa mainly depends on the purpose of the application and Thailand has many categories to choose from such as retirement, business, investment, student, or family visa.
There is a general perception that Thai property law is complicated. Actually, the opposite is true. The laws relating to foreign property ownership in Thailand are quite clear. Foreigners can buy and own condominiums. Foreigners can buy and own buildings and structures, such as villas (distinct from the land). Foreigners can buy condominiums, villas and land as leasehold. Foreigners cannot own land directly.
Currently Thailand has no annual property taxes. When buying or selling a property you will have a transfer fee of 2% and a stamp duty of 0.5% on freehold property. For leasehold property, a registration fee of 1% and a stamp duty of 0.1%. Tax is payable at the time of transfer or registration at the land office.
We are aware of three banks that offer loans to non-residents who plan on purchasing a property in Thailand. However, we do not feel these banks offer competitive rates or terms to be considered attractive.
We strive to take the guesswork out of selling or buying a property. The many important details involved in the process can seem daunting — our goal is to make it a seamless and enjoyable experience
How can we help? Contact us today
- Let’s find a holiday home that’s perfect for you
- We will ask the right questions to guide you step by step
- We will arrange property inspections or virtual tours for you
- We will negotiate and present offers for you
- We will offer honest advise and help overcome any setbacks
- We can recommend other professionals
+66 93 606 0906
Real Estate Guidance & Blog
Are you looking for property market insights? Searching for information about Phuket Real Estate? Enjoy our latest articles.
Buying Real Estate
Why is Sea View Property Limited in Phuket Thailand?
Sea View Property in Phuket ThailandIt's a fact, sea view property is not as abundant as most people imagine it would be in Phuket Thailand.Zoning Laws in Phuke...Read More >>
Property Market News
Thailand Introduces 10-year Visa | Starting in 2022
Thailand Introduces 10-year Visa starting in 2022The recent global pandemic has been disastrous for Thailand's economy which shrank by -6.1% (GDP) in 2020. This...Read More >>
Buying Real Estate
7 Tips For Buying A Property For Foreigners To Live In Phuket
Thailand is quite popular for buying real estate as it contains properties that are not too expensive. Some of these areas in Thailand inclu...Read More >>