Yes, foreigners may own property in Thailand. 

Foreigners can own condominium units under the foreign ownership quota, which limits foreign ownership to no more than 49% of the total area of all units in a condominium building.

Foreigner cannot directly own land in Thailand for the Thai Land code restricts land ownership to Thai nationals only but there are some exceptions such as lease agreements, creating a Thai company, etc.

1. Find a Property — through an agent, developer, or private seller.
2. Due Diligence — verify title deeds, permits, and property status with a lawyer.
3. Reserve the Property — pay a deposit (5-10%) and sign a reservation agreement.
4. Sign Sale & Purchase Agreement — usually within 30 days.
5. Make Payment — full or staged, with overseas transfers requiring a Foreign Exchange Transaction (FET) form.
6. Ownership Transfer — completed at the Land Department with taxes and fees settled.
7. Receive Title Deed — new deed issued in buyer’s name or company.

1. List the Property — through an agent, online, or privately.
2. Agree on Terms with Buyer — including price, deposit, and transfer date.
3. Sign Reservation Agreement — buyer pays a deposit to secure the property.
4. Prepare Sale & Purchase Agreement — detailing full terms and conditions.
5. Due Diligence by Buyer — buyer checks title deed, permits, and property status.
6. Ownership Transfer at Land Department — seller, buyer, and their legal reps meet to complete transfer.
7. Settle Taxes & Fees — seller pays applicable taxes (withholding tax, business tax, transfer fee).
8. Receive Final Payment — usually on transfer day, once the title deed changes hands.