Your Local Real Estate Agency On The Heavenly Island Of Koh Samui!!


Real Estate FAQs

1. Can foreigners get a loan in Thailand?

Getting any type of loan in Thailand can be quite tricky. However, it can be done as long as you are informed about the requirements. Each bank has its own requirements for loaning funds to foreigners. In general, the applicant should have had a work permit for at least 1 year or have permanent residency as well as certain funds in a Thai bank account.

2. How can I finance a house in Thailand?

Financing a home in Thailand is best when you use cash to purchase your property. However, some who have excess liquidity can secure financing quite easily. It all depends on your available funds as well as your visa status in Thailand.

3. Is it easy to get a mortgage in Thailand?

Getting a mortgage in Thailand is hard but not impossible. A few Thai banks are known for being more foreigner friendly and it is recommended to do your research before deciding. The easiest way to purchase property in Thailand is by paying with cash. But, if you are needing a mortgage, there are a few banks that can give mortgages to foreigners. Singaporean banks such as UOB also can give mortgages. Again, it depends on your visa situation and how much excess liquidity or funds you have.

4. Is it a good time to buy property in Thailand?

Investing in property is always a better idea than buying stocks, bonds or other more volatile ventures. Thailand has always been one of the top tourist destinations in the world, with Bangkok regularly ranking #1 for having the most visitors worldwide.

5. Why invest in Koh Samui?

Investing in Koh Samui real estate has never been a better idea than now. With the Covid-19 pandemic wreaking havoc worldwide, the real estate market has swayed towards giving buyers an advantage. And, Koh Samui may just be the best place to invest due to its future potential as becoming even more of a prized, holiday destination that is expected to outpace that of Phuket.

6. Can a foreigner own property in Thailand?

Foreigners may not own a house in their name; however, a Thai-registered company in the foreigner’s name may own the house. Thailand has different types of business entities, with the most commonly used being a Thai Limited Company. For Americans, the Thailand Amity Treaty is one way to legally own property. As there are many types of company structures that comply with Thai laws, it is best to consult your real estate agency or lawyer to find a company that best fits your situation.

7. What does a Thai quota mean?

When you hear the words “Thai quota,” it is referring to the foreign freehold ownership quota. This law deems that foreigners cannot own more than 49% of the total unit floor area in a condominium. The majority, or 51% of the ownership must be in the name of a Thai national.

8. What is the land tax in Samui?

For individual property owners if they rent/ lease out their property (or otherwise put to commercial use) Housing and Land Tax shall be collected at the rate of 12.5% of the yearly rental according to the lease agreement or the annual assessed value by the local authorities, whichever is higher.

9. What are the taxes on buying a house in Thailand?

The Thai Government imposes a transfer fee of 2% of whatever the sale figure is while purchasing or selling a property. The fee is to be shared amongst the seller and the buyer, dividing it by 1% each. Both parties have the right to negotiate, depending on the terms agreed upon.

10. What is the most luxurious area in Koh Samui?

Choeng Mon At the northeastern tip are Choeng Mon, Plai Laem, and Bangrak, all home to luxury resorts and individual villas, often facing stunning but remote beaches.

11. Do you pay property taxes in Thailand?

Thailand Property Taxes 1% of the appraised value or registered sale value of the property (whichever is higher and if the seller is a company). If the seller is an individual, withholding tax is calculated at a progressive rate based on the appraisal value of the property.

12. Can I live in Thailand if I buy a house?

It is a commonly unknown fact that although a foreigner cannot own land in Thailand, he can own the house or structure built thereon. One only has to apply for a construction permit to build the house in his own name. The next step is to get well acquainted with the process of buying real estate in Thailand.

13. Can foreigners rent out their property in Thailand?

Purchasing real estate for the purpose of earning rental income is a popular form of investment for many people. Current Thai laws allow foreigners to fully own condominiums in Thailand, but is it possible for foreign owners to rent their property? In short, the answer is yes, but this type of income is subject to tax.

14. How much deposit do I need to buy a house in Thailand?

20% to 30% Buying procedure for new properties In general, projects located in Bangkok will require a down payment from 20% to 30% of the property value. Upon the project’s completion, the remaining balance can be paid in one time or with a bank loan. Outside of Bangkok, developers will usually require a down payment of 30% to 45%.

15. Is it worth investing in property in Thailand?

One of the major benefits of investing in property in Thailand is the low cost of living. The cost of living in Thailand is approximately 30% lower than the cost of living in the United States, making it an attractive option for investors.

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