When you want to purchase a property in Pattaya to live and settle down, you must consider the options carefully before taking the plunge. Buying real estate in Pattaya and throughout Thailand is controlled, with limits on ownership for foreigners, which you will need to keep in mind when you are looking to buy. Below is some more information on these restrictions and what options are available to you, so you can purchase your dream property and start living your life in sunny Pattaya.
Restrictions On Property Ownership
Thailand has controls that restrict foreigners from owning land, although you can buy a condo and own it outright if you want to. However, if you are married, you can get around this, but the property will have to be in your partner’s name, and you still have no rights to it as a foreigner. There are other ways around this, such as if you have a company, the property can be in its name, but it can be complicated to sort out. You can click here to get more information on the restriction in Thailand for foreigners owning property.
The Property Options In Pattaya
Whatever your situation, there are various property types you can consider purchasing in Pattaya that may suit you and your situation. Some of the options you can consider are as follows:
A Condo: Anyone can purchase a condo, but if you are foreign, there is not allowed to be more than 49% foreign ownership of the units in the building. There are various condos for sale in Pattaya, ranging in size and multiple amenities to help for comfortable living.
A Single House: There are also various houses you can consider buying that are freestanding and not part of a private community that may suit you. A benefit of these is that there are no communal fees to pay to go towards the upkeep of communal facilities.
A Private Housing Estate: There are also various gated communities where you can buy a house, also known as a Moo Bahn, which may suit your needs when living in Pattaya. These communities will often have private security, swimming pools, gyms, gardens, and playgrounds, perfect for family living.
Consider what type of property you can buy, and visit a reputable real estate company to see what they have available, making your search for the ideal property much easier. With the property agent’s help, you can find the perfect place to live that will have you enjoying living in Pattaya in no time at all.