Village land for farming is little different from the usual advises, when buying land, apart from that only Thais can own it. Buying land or property in Thailand is attractive for investment or business reasons as well as residence or retirement purposes. Many wish to own land here but before taking this step it is important to inquire or engage the services of registered lawyers in Thailand and, secondly, reputable estate agents when buying land. Land area : 1 Rai 2 Ngan 4.3 Sq.wah Location : Bang Sao Thong District, Samut Prakarn Province. If interested in buying, a foreign investor has two options: either a 30-year leasehold or purchasing the property through a limited company. Foreigners are not allowed to own land in Thailand by law. Buying land in Thailand Thailand Real Estate has taken off in the past decade or so with more and more foreigners wishing to live in Thailand and making Thailand their second home. The issue of land and ownership in Thailand is complicated enough and is covered on our land and ownership page. Many wish to own land here but before taking this step it is important to inquire or engage the services of registered lawyers in Thailand and, secondly, reputable estate agents when buying land. Anyone buying a property in Thailand must ensure that their purchase is done according to the laws of the Kingdom. However most of Thailand does not, and even in Phuket, for example, only 10% of the land is under this title. Many non-Thai citizens consider buying a land in this country for residential as well as for business purposes. The market is regulated less and you’ll be personally liable for more checks to ensure that the property you're buying is being sold legally. Apartments can be purchased by foreigners as long as at least 51% Featured Properties Land for sale in Sisa Chorakhe Noi Sub-district, Bang Sao Thong District, Samut Prakarn Province. Before buying land, an essential step to the process is to conduct a Title Search. Buying land through a company The most popular way for a foreigner to buy property in Thailand is to set up a company and then buy the land through it. Advice on buying land in Thailand Generally, when clients engage in our services to build their homes, they have already gone through the process of acquiring their land. We therefore tend not to be involved with the sourcing or purchase of land. If this would not be the case and foreigners, still being more financially strong, could buy as much property as they want, the real estate prices would increase quickly. 2. Do not pay anything, not even a deposit, before seeing the property and let your lawyer go through every detail. Buying Land in Thailand Given to the several favorable factors, buying a land in Thailand is an attractive prospect for many foreigners. It’s a good condominium with a short distance to Rawai Beach by motorbike. Can But buying land in a developing country, where the government doesn’t favor foreigners, you need to be careful before signing any purchasing agreements. I have just bought a 2/3 bedroom 80 sq m house in Koh Phangan for £40,000 and spent around £6.000 furnishing it and now find that I could let it out for a minimum of 15,000 baht (£300) per month long term, which equates to an annual return of almost 8% tax free on my outlay. When buying a property in Thailand you should always consult a lawyer. The ownership of land and real estate by foreigners has been limited by the Thai government to protect the Thais. Many who do buy land in Thailand buy the land in the name of their Thai wife. Most "titles" in the country are "Nor Sor Sam" or "Nor Sor Sam Kor", which are land title deeds in as much as clear records of ownership are maintained, and may be sold or leased, but tend to be less accurately surveyed than Chanott titles. 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