Dive into the world of Thailand real estate
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Legal Advice
How Can Foreigners Purchase Property in Thailand?
The article explains that foreign nationals can legally purchase real estate in Thailand, including completing transactions remotely without being physically present. It outlines the two main ownership structures available to foreigners — freehold and leasehold — highlighting their legal limitations, benefits, and associated costs. Key regulatory requirements are emphasized, including offshore fund transfers, land ownership restrictions, and condominium foreign ownership quotas. The article provides a clear framework to help investors select the most suitable ownership model based on investment goals, budget, and risk profile.
Why is independent legal due diligence so important?
The article highlights the critical importance of independent legal due diligence when purchasing real estate in Thailand. The main risk for investors lies in insufficient legal verification of the property and the developer, which can result in ownership issues and financial losses. Legal due diligence provides an objective assessment of property legality, developer credibility, and potential risks, beyond marketing claims. FERN strongly recommends engaging independent legal firms to safeguard client interests and ensure secure, transparent transactions.