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,
