Frequently asked questions on new buildings in Thailand
What documents do foreigners need to prepare to buy a new apartment in a new development project in Thailand?
For individuals to purchase a property in Thailand from the developer it is necessary to have a valid passport. If the property is purchased by a legal entity, they will be required to provide details of the company and the company's foundation documents.
Is it possible for foreigners to buy property in new residential buildings in Thailand?
Yes, foreigners are allowed to buy new housing. The only restriction: inside the apartment building they can buy no more than 49% of the living space. The remaining 51% is allowed to purchase for rent.
Is a residence permit issued for the purchase of an apartment in Thailand from the developer?
A residence permit is issued for the purchase of real estate of 320 thousand dollars. The document is issued for up to 20 years.
What are the best areas to buy a new house in Thailand?
For a permanent residence, the central region of the country is the best, it is where the capital city Bangkok is located. If a home is purchased for later rental, it is worth considering Phuket and Samui. These are luxurious resorts, where tourists arrive throughout the year for a beach holiday.