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Can Foreigners Buy Property in Phuket? Yes. Foreigners can legally buy property in Phuket. You can own units in a registered Condominium (Foreign Freehold or Leasehold), and you can buy a House, Villa or Apartment (Leasehold). Under Thai law foreign nationals are not allowed to own land in Phuket.
With regards to buying property in Phuket, Foreign Freehold ownership applies only to the purchase of Condominium unit(s) and means that as a foreigner you own the unit outright. See more Phuket apartments for sale
Leasehold ownership applies to any non foreign freehold units in a condominium, or any apartment, house or villa – you by the property on a lease basis which is 30 years.
The rules for buying property in Phuket are the same for the rest of Thailand. Where can foreigners buy property? You can see more detailed info on all aspects of Buying Property In Thailand in our in-depth guide.
We hope you enjoyed our guide: Can Foreigners Buy Property in Phuket? But if you are still unsure of the property purchasing rules in Phuket and how they apply to you, please feel free to drop us a line at [email protected] , we will be happy to answer any questions you may have about the benefits and risks of buying property in Thailand – our help and advice is FREE of charge so you have nothing to lose!
Yes, as a foreigner you can legally buy a house or villa in Thailand under leasehold ownership, leases last for 30 years and after this time there may be an option to renew.
The average cost of a buying a house in Thailand varies on the location and type of house, in Phuket for example a new 3 bedroom home with private pool will start at US$300k.
Condos are more straightforward for foreigners to buy in Thailand, you can purchase a condo outright under foreign freehold ownership and legally you will fully own it.
Again the price for a condo in Thailand will vary a lot, but in Phuket which is one of the most expensive areas a nice new 40sqm studio condo will start around US$90k.