Curated Luxury Properties in Thailand

Foreigners can own condominium units freehold in their own name, provided foreign ownership in the building does not exceed 49%. For landed property such as villas and houses, foreigners typically use long-term leasehold agreements (30 years, renewable) or establish a Thai limited company. We recommend consulting with a qualified Thai lawyer to determine the best approach for your situation.

The main costs include a transfer fee of 2% of the appraised value (usually split between buyer and seller), withholding tax, specific business tax of 3.3% (if the seller has owned the property for less than five years), and stamp duty of 0.5%. Legal fees, due diligence costs, and agent commissions may also apply. We provide a detailed cost breakdown for every property we represent.

Yes, rental income is a popular strategy for property owners in Thailand, especially in resort areas like Phuket. Many developments offer hotel-managed rental programs with guaranteed returns. Typical gross rental yields range from 5% to 8% annually in prime locations. We can connect you with property management companies to maximize your returns.

The typical buying process takes 30 to 90 days: property selection and viewing, reservation with a deposit (usually 1-2%), due diligence and legal review, signing the sale and purchase agreement with a 20-30% down payment, and final transfer at the Land Department. For off-plan properties, payment schedules are spread across the construction period. Our team guides you through every step.

JSP Real Estate covers all of Phuket’s prime areas including Bang Tao, Cherngtalay, Choeng Thale, Thalang, Kamala, Surin, Laguna, and surrounding areas. We specialize in modern villas, condominiums, and rental properties across the island. Contact us to discuss your specific location preferences.

You can reach us via WhatsApp or phone at +66 99 296 2322 or +66 82 624 4449. Email us at jspagent@gmail.com or visit our website at jspthailand.com. We are based in Phuket, Thailand and offer property viewings, consultations, and full transaction support.

No visa is required to purchase property in Thailand. However, if you plan to live in Thailand long-term, you will need an appropriate visa. Popular options include the Thailand Elite visa (5–20 years), the Long-Term Resident (LTR) visa for high-income individuals, retirement visas (age 50+), and business/investment visas. Property ownership alone does not grant residency rights, but we can connect you with immigration specialists to find the best visa option for your situation.

To purchase a condominium in foreign-name ownership, funds must be transferred from abroad in foreign currency and converted to Thai Baht through a Thai bank. The bank will issue a Foreign Exchange Transaction Form (FETF or Thor Tor 3) which is required at the Land Department for transfer of ownership. Transfers must clearly state the purpose as property purchase. We recommend using a reputable international bank transfer and can advise you on the process.

Freehold means full ownership with no time limit — available to foreigners only for condominiums (up to 49% foreign quota per building). Leasehold is a long-term rental agreement, typically 30 years, that can be renewed up to two additional terms (90 years total). Leasehold is commonly used for villas and landed property. Both structures are legally recognized and protected. A qualified lawyer can help you choose the right structure based on your goals.

Yes, Thailand introduced the Land and Building Tax in 2020. Rates are very low compared to most Western countries: residential properties are taxed at 0.02%–0.1% of appraised value, with the first 50 million THB of a primary residence exempt. Properties used for commercial purposes or left vacant may have slightly higher rates. Common area maintenance fees for condominiums typically range from 40–80 THB per square meter per month.

Mortgages for foreigners in Thailand are limited but possible. A few Thai banks and international banks with Thai branches offer home loans to foreigners, typically requiring a valid work permit and proof of Thai income. Loan-to-value ratios are usually 50–70% with terms up to 15–20 years. Many foreign buyers choose to finance through their home country or purchase outright. Developer payment plans for off-plan properties are another popular option, often structured as installments during construction.

Thai law recognizes foreign property ownership rights through inheritance. A valid will — ideally drafted under Thai law by a qualified lawyer — ensures your property passes to your named beneficiaries. Without a Thai will, the estate may be subject to probate proceedings which can be lengthy and complex. We strongly recommend having a Thai will prepared alongside your property purchase. There is no inheritance tax for estates valued under 100 million THB.