Although buying a villa or house in your home country may also include the purchasing on the land in which the property will sit upon, there are restrictions to foreign ownership of lands in Thailand. Currently, foreigners are not allowed to own land, but there are exceptions to this rule. A lawyer can help you understand and follow those exceptions in order to legalise your purchase of land. For example, there are a few exceptions that are well-known and allow such a purchase to be completed:
- In the instance of a foreigner buying real estate in Thailand, the ownership of a house can be registered and transferred separately from the land where the house is built;
- The transfer procedure must follow the Thailand Civil and Commercial Code;
- The transfer has to be evidenced in writing;
- The transfer must also be registered with the Land Department’s branch or provincial office.
The sale…
