Residents with a visa of residence in Thailand may eventually obtain loans from local banks if they buy an apartment, as its title deed is considered less risky for a foreigner. However, the financial institution should always receive funds from the country of the credit contractor, as a foreign currency and the loan is usually only 50% of the purchase price of the condo.
Since foreigners are not allowed by Thai law to own land, banks almost never lend to expatriates who want to buy a house.
Foreigners married to Thai women can sometimes take out a loan in the name of their spouse, but even then, the banks will only lend up to 50% of the purchase price.
This article is for preliminary information only. All the information to be examined in detail before engaging in a real estate transaction and JFTB Thailand advises you to consult a lawyer to guide you. JFTB Real Estate, real estate agency in Phuket,
Real estate agency in Phuket. Rental and sale of houses, apartments, condominiums, shops, hotels and restaurants in Phuket in Thailand. Buy or rent in Thailand a property that corresponds to who you are.
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