Pattaya is inimitable in the variety Houses and Villas that are available for the buyer. With house prices starting from less than USD 30,000, Pattaya is also very affordable compared to other countries. At the higher end of the Housing market potential home owners will find amazing luxury housing, built to highest specifications with premium grade materials.
Is owning a house in Thailand possible for a Non-Thai National?
Although Thai law prohibits foreign nationals for owning land in Thailand there are certain ways in which a Foreigner can legally and safely be in possession of a House.
The most popular method is by taking possession through a registered company (Limited Liability), in which 51% of the shear holders are Thai Nationals. A foreign buyer may form part of the remaining share and have certain privileges as the Director of the company.
Other means of tenure include Long term lease by nominee. This can be for a 30 year period with the possibility of a further 30 and 30 years. A lease of over 3 years is subject to registration fees, calculated by the rental price, however these are generally inexpensive. The buyer/lessee should be aware that there are some issues and restrictions involved with a long term lease, such as the ability to sell or transfer the lease agreement and contractual renewals.
Ownership & Legal Issues
It is always recommended that a buyer should consult an independent legal advisor when seeking information about property laws in Thailand.
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