March 17, 20224 yr Have recently seen advertisements of properties for sale in Phuket. The adverts state that a property is freeho;d and foreign owned. I have always been under the impression since first arriving in Thailand in 2005 that foreigners cannot buy freeholds. Can anyone explain?
March 17, 20224 yr Foreigners can buy freehold condominium units up until 49% of the total condo is owned by foreigners. Other than in tourist resorts like Phuket, Pattaya and Samui, ownership never really gets anywhere close to 49% foreign owned.
March 17, 20224 yr 17 minutes ago, ozfarang said: A villa is not the same as a condo @smutcakes Yes, sorry i did not really consider the title, just the opening post and did not read villa.
March 17, 20224 yr I have always been under the impression that the building can be foreign owned but not the land it sits on. I would say the definition of property maybe does not include the land.
March 17, 20224 yr Author 53 minutes ago, smutcakes said: Foreigners can buy freehold condominium units up until 49% of the total condo is owned by foreigners. Other than in tourist resorts like Phuket, Pattaya and Samui, ownership never really gets anywhere close to 49% foreign owned. I was referring to adverts related to villa sales not condos..
March 17, 20224 yr 15 minutes ago, fgmr said: I was referring to adverts related to villa sales not condos.. maybe own the villa as freehold and the land where it stands as leasehold... hummmmm doesn't sound safe
March 18, 20224 yr Its just semantics. The freehold villa would be "owned" by a share of a company, a leasehold, separating a structure from the actual freehold etc. A creative definition/interpretation of the word owned.
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