Is it safe to buy property in Thailand?
Yes, it’s quite safe in fact. Plenty of people purchase property in Thailand each year. Foreigners are allowed to own condominium units outright (up to 49% of units in the condo building). Foreigners can also own the villa property, and lease the villa’s land for 30-year stretches, up to 3 times in a row.
From my experience, buying property in Thailand is a safe as you want it to be. The magic words are ‘DUE DILIGENCE’
- Due Diligence – Property Developer or Property Seller
- Due Diligence – Ownership Titles or Land Structure
- Due Diligence – Property Agent
Make sure you check all these three out in detail before moving ahead with any form of purchase.