Can You Buy a Property?
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At the height of the currency crisis in 1997, Thailand agreed with the IMF to liberalise its laws with regard to foreigners owning real estate in Thailand.
The basic law as it stands is that a foreigner may legally purchase, together with his Thai wife, a house, land or property not exceeding one rai, which is duly purchased as marital property (the parties must be legally married and documented at the local Amphur).
The purchase must be jointly held and cannot be sold without the other partner's signature, nor can either party force the other out of the residence without due compensation. The foreigner's name will never be on the actual Title Deed, but a Memorandum is attached to it indicating his legal attachment to the owner.
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