I paid $76,000 for a condo in Thailand as someone who is not from there. Is it worth it?
Chapter 1: Understanding the Thai Real Estate Market The Ownership Puzzle: How Limits From Other Countries and Legal Rules Affect Things Getting into Thai real estate as a foreigner can feel like you are trying to figure out a hard puzzle. You need some patience and good know-how. You also need to understand the rules well. In many other places, owning land or property is quite easy. But in Thailand, the law is pretty different, especially for people coming from other countries. The main thing to remember is that people who are not from Thailand can not own land straight-up. This rule has affected how people from outside, like investors and expats, deal with buying property in Thailand. Luckily, there is one main exception. You can own condominiums in Thailand. If you are from another country, you have the right to fully own a condo if you follow the foreign ownership rule. This rule says people from outside Thailand can own up to 49% of all condo units in one building. That limit is m...