How Can a Foreigner Buy a House in Krabi?
Krabi is a popular destination for foreigners looking to invest in property or buy a home. While Thai law restricts foreigners from owning land outright, there are several legal ways to purchase a house in Krabi. Here’s what you need to know:
1. Buying a House on Leased Land
Foreigners cannot own land in Thailand, but they can own the house built on it. A common method is to lease the land, typically for 30 years, with an option to renew for another 30 years.
2. Setting Up a Thai Company
Another option is setting up a Thai limited company to purchase land. In this arrangement, the company owns the land, with the foreigner holding up to 49% of the shares, while the majority is held by Thai nationals.
3. Land Ownership through a Thai Spouse
If married to a Thai national, the spouse can legally own land. The foreigner can be a usufruct holder, giving them the right to live on and use the land, while the title remains in the Thai spouse’s name.
4. Freehold Ownership for Buildings
While foreigners cannot own land, they can own structures like houses. This allows full ownership of a building, whether it’s on leased land or land owned by a Thai spouse or company.
5. Buying a Condominium
Foreigners can own up to 49% of the total area of a condominium building.
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Understanding the Property Market
Krabi’s property prices vary by location. Areas like Ao Nang and Klong Muang Beach are more expensive, while inland areas like Nong Thale offer more affordable options. ( Please see the article “Top Areas to Buy a Home in Krabi” for further guidance). To consult with local agents and doing thorough research is key. We can recommend trustworthy agents specializing in specific areas.
Whether you’re looking for a fully furnished luxury pool villa in Krabi or need assistance navigating Thailand’s property laws, the Canaan Villas Team is here to guide you through every step of the process.
Canaan Villas Team
Welcome to Krabi, and we hope you find the perfect place that suits you!
