When you've made the decision to purchase property here in Thailand, you need an experienced professional who is intimately familiar with Thai property laws. At DMC, our legal team can help guide you through the different laws and regulations that govern purchases, sales and transfers of property.
Currently under Thai law, foreign residents are not allowed to own any piece of Thai property in their own name. The property must be purchased via a limited Thai company, or of course, the more risky option of placing the property under the name of your Thai spouse. Purchasing a condominium is significantly simpler than purchasing a detached house, but there are still many facets to owning Thai property that the buyer must be privy to prior to making a decision on whether or not to buy.
Since Thailand has become one of the world's most popular destinations for foreign expatriates who wish to relocate or retire for the ease of life and low cost of living, the abundance of new housing developments and real estate companies have flooded the local economy. With the seemingly endless choices out there, it's paramount that any potential buyer consults with a seasoned legal professional who can help you make informed decisions during this very important investment.