Yes, foreigners are allowed to buy property in Thailand, but there are restrictions on the type of property and ownership. Foreigners are generally not allowed to own land, but they can own condominiums if the gross floor area of the condominium building is more than 51% owned by Thais (i.e. the maximum foreign ownership is 49%). Foreigners are generally not allowed to own landed properties in Thailand. Foreign ownership of landed properties, including houses and villas, is restricted by the Thai Land Code. However, foreigners can lease land for a long-term period of up to 30 years, with the option to renew.
It is important to note that these rules and regulations can change, so it’s advisable to seek legal advice before buying property in Thailand.
As a foreigner, it is possible to obtain a clean title to a property in Thailand, but it is important to exercise caution and thoroughly research the property and the seller before making a purchase.
A clean title refers to a property ownership certificate that is free of any encumbrances or legal disputes. When buying a property in Thailand, it is important to conduct a title search and ensure that the property is registered and has a clear ownership history.
However, even with a clean title, there have been instances of fraudulent property sales, so it is important to seek the advice of a qualified real estate lawyer and conduct due diligence before making a purchase. This can include checking the authenticity of the ownership papers, verifying the identity of the seller, and checking for any outstanding debts or legal disputes related to the property.
In summary, it is possible for a foreigner to obtain a clean title to a property in Thailand, but it is advisable to take all necessary precautions to protect your investment.