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Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale. In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name. The ownership titles of these 49 units is referred to as Freehold or Foreign Quota. This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.
After you have found the right property, you have to follow these steps:
Untitle Installment Milestone Payment Reservation Deposit Upon contract signing 20% 2nd Installment Payment when construction is 25% complete 20% 3rd Installment Payment when construction is 50% complete 20% 4th Installment Payment when construction is 75% complete 20% 5th Installment Payment upon completion of construction 20% 50% payment upon purchase Installment Milestone Payment Reservation Deposit Upon contract signing 20% 1st Installment Payment when construction is 25% complete 10% 3rd Installment Payment when construction is 50% complete 10% 4th Installment Payment when construction is 75% complete 10%
Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements, but they are usually easy to obtain.