2006-06-26T04:10:00.000-07:00

Land Sale Thailand: Foreigners are not permitted to own land and are not allowed to purchase a condominium in a building where the foreign percentage ownership exceeds 49%, thus Thailand does place restrictions on foreign investors who wish to own land, but many foreigners use the various means to allow them to work around the rules.

There has been controversy lately about this practice but foreigners have been able to form a Thai limited company and bring assets through that company, or lease real estate for 30 year renewable periods.

Local knowledge of the laws governing land sales in Thailand is paramount and a local estate agent and lawyer will make the purchase much easier.

In Thailand, land for sale and property have title deeds but there are some areas of the country that have yet to be surveyed. Due diligence is required by the investor and his lawyer into the rights of the vendor to offer the real estate for sale and the rights of the foreign buyer to purchase the property that is now under offer.

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