Real Estate Koh Tao Thailand
Real Estate Koh Tao Thailand
How To Acquire Real Estate In Thailand

Enjoy Your Retirement in Thailand

A quite life on a white sandy beach in Thailand, a beach chair, a cocktail glass a good book and a cigar. This is the dream of so many Westerners who plan to escape the cold winter and the tremendous cost of living in their home country.  Foreigners come to Thailand for many different reasons. Be it to finally retire from a stressful working life or just to relax for a couple of month per year to regain strength and energy. Thailand offers foreigners a vast amount of benefits such as world class health care, beautiful beaches, tasty food, friendly people, and most of all; inexpensive properties and real estate. Living and retiring in Thailand is supposed to be an enjoyable and relaxing experience and if you prepare and plan thoroughly in advance, you will be rewarded for your efforts with your dream coming true.

Choose the Right Partner or Real Estate Agent

Once you have made the decision to stay longer in Thailand or even retire in the country of the smile, the ability to acquire property becomes a major issue. You don’t want anything to go wrong here. And since you will be looking to acquire real estate in a foreign country you are in need of trustworthy local assistance. Your partner in Thailand should be able to communicate in Thai, in speaking and writing, and must be familiar with the geographical area where you desire to buy or lease your property.

Your partner or agent will save you valuable time in pre-selecting properties and showing you only the property that fits your price ideal and meets your desires. We recommend though, that before you pay any money or sign any deposit agreement or contract to or with anybody, you should sit down with a solicitor or lawyer and discuss the legal process of purchasing real estate or property in Thailand. You must understand the exact rules for foreigners to acquire realty in Thailand including as well all the possibilities you have to finance your purchase. Some banks in Thailand will offer you up to 70 % financing and the re-payment terms can be up to 20 years. Read more about property financing and investment in Thailand.

The Legal Structure to Purchase Property in Thailand

Property – We feel that the best way to purchase land and build your own dream villa in
Thailand is to lease the property for 90 years. The leasing contract can be renewed after it’s termination for another 90 years to follow. The cost of the renewal after the first 90 years is only 15% of the original purchase price and honestly, who cares what will be in 180 years?

Condominium – A foreigner may own up to 100% of a condominium in his/her own name in Thailand. If though the project is over the 49% quota in the foreigner’s name, one needs to draft a lease contract for a transaction to be recognized as the legal owner. 

Investigate the Land Titles before You buy

A thorough examination of the title deed recorded at the Land Department must be done for your safety. You need to have a verification of the Seller’s clear and legal title of the land that you are about to purchase before you enter any contractual agreement. The title search will trace the ownership of the land back to its first owner which is in almost any case the King of Thailand. Do Not take the word of anybody, telling you that the title deed has been checked somewhat before. You need to possess a full report and a printed copy of the title deed in English and Thai language.

Deposit and Payments

Once you have the title deed and feel satisfied with the real, you will be asked to make a deposit on your property purchase to show your good faith and continue the process. In return, the land owner will reserve the property for you and start the process by drafting the contracts for purchase. Please note that unless you specifically add a “get-out” clause into the deposit agreement, e.g. “subject to clear title” or “subject to agreement on the contract terms,” the deposited money is non-refundable.

90 years Leasing Contract

Here at Supisha Limited we usually make the following agreement that has satisfied many customers since it is fair and reasonable to all parties:

Please contact our office in Koh Tao if you need any further information or assistance to purchase real estate or property in Thailand. If you happen to be on Koh Tao, please visit our office in Sairee and we will be happy to assist you and show you around. Our new project at Lighthouse, in the north east of Koh Tao offers beautiful spots to build a Villa with a stunning view over the Gulf of Thailand. Have a look at the pictures of each plot, you are gonna love it.

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Do you have any updates on mortgages for Farangs in Thailand – I’ve recently seen that there are changes happening in Thailand which mean Farangs can get access to home buying mortgages? Maybe at some point this will apply to Koh Tao?



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