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Buying Property in Thailand

Real Estate in Thailand has taken off in the past decade with more foreigners wishing to live in Thailand. Understandably many Europeans want to own a second home for holidays or investment purposes in this undeniably beautiful and most exciting part of the world. Recent years have seen properties in many areas of Thailand showing substantial rises in value. Before you start your property search you should be aware that as a foreigner you can not directly own land in Thailand although you can own a property. You can set up a Thai company to buy land or buy through a leasehold agreement. There are no particular disadvantages to either method although setting up a company is more costly. Buying through a leasehold agreement is the most popular method of purchase. Before agreeing to any purchase you should appoint a lawyer who is fluent in your language. There are many lawyers in Thailand who are fluent in English and other European languages and will guide you through the buying process. For a comprehensive guide to buying property in Thailand a Property Legal Guide can be obtained free from Siam Legal.

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