The Cabinet of Ministers of Thailand has approved a new policy on the property of foreigners

Colorful abstract painting depicting vibrant brush strokes and textures

Кабинет министров Таиланда утвердил новую политику в отношении собственности иностранцев

Photo: thailand-business-news.com

Thailand has approved new rules for the sale of real estate to foreigners:

  • increased the lease term of real estate under the lease from 30 to 99 years (guaranteed period);
  • foreigners were allowed to buy up to 75% of housing in condominiums (previously it was 49%).
  • It is expected that these changes will attract more foreign investors and stop a slight decline in the Thai real estate market.

    In the first quarter of 2024, there were 213429 unsold properties worth 1.21 trillion baht, which is 36.5% more than in the same period last year.
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