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Legal & Tax
Buying as a Foreigner in Bangkok
Foreigners cannot own land
Thai law prohibits foreigners from owning land freehold. Condominiums are the primary legal vehicle — foreigners can own up to 49% of a condo building's total area.
Condo freehold allowed (49% quota)
Foreign quota condos are fully legal and common. Ensure the building has remaining foreign quota before purchasing.
No capital gains tax for individuals
Thailand does not levy capital gains tax on individuals. Rental income is subject to 15% withholding tax for non-residents.
30-year leasehold as alternative
Long-term leaseholds (30+30+30 years) are used for landed property. Legal but carries renewal risk — structure carefully with a Thai lawyer.
This information is for general guidance only and does not constitute legal advice. Always consult a qualified local lawyer before purchasing property abroad.
Buyer's Guide
How to Buy in Bangkok
Restricted AccessForeigners can own condominiums (up to 49% of building). Land ownership is prohibited.
1
Verify foreign quotaRequired
Confirm the condo building has remaining foreign quota (max 49% of total units). Request quota certificate from developer.
1–3 days
2
Foreign Exchange TransferRequired
Transfer funds from overseas in foreign currency. Obtain Foreign Exchange Transaction (FET) form from Thai bank — required for ownership registration.
1–5 days
3
Sign purchase agreementRequired
Sign sale and purchase agreement. Pay 10–30% deposit. Hire a Thai lawyer to review.
1–3 days
4
Title deed transfer (Chanote)Required
Both parties attend Land Department. Pay remaining balance. Chanote (title deed) issued.
1 day
Pro tip: The FET form (Foreign Exchange Transaction certificate) is critical — without it, you cannot register foreign ownership. Always transfer funds directly from your overseas account in foreign currency, not Thai baht.
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