If you are keen to buy a house or even have a house built then there are some conditions to consider before doing so. In any case, it is worth contacting a reputable lawyer, especially one who has experience in aiding foreigners to buy land or houses in Thailand.

The following points illustrate the conditions foreigners need to be aware of to own a property.

• You are able to buy a Condominium in a registered complex where there are only 49% of the
  complex is owned by foreigners (51% of the Condominiums must be owned by Thai).
  
• You are able to buy and own a House on your name.
  
• You can not own Land as a Foreigner.
  
• You can long term lease Land and/or Buildings up to a max. of 90 years with the right of first
  Buyer in case of changes in Thai Law.
  
• You can start a Thai Company that can own Property (Land and Buildings) although Thai Law recently changed and is far stricter in starting or take over a Company. A Thai Company has 51% of the shares for 4 Thai people and 49% of the shares to 3 Foreigners. (1 mill. BHT company)
  
• You can buy and fully own 1 Rai of Land (1600m2) once you invested 40 million Baht in Thailand.