Thailand – FAQs for Buying Property

Can foreigners get a mortgage to buy property in Thailand?

Foreign buyers generally cannot get a mortgage from Thai banks. Lending is typically unavailable due to legal ownership restrictions, especially for land or leasehold property. For a detailed explanation, see our full guide: Thailand Property Finance FAQ.

Do I need a Thai bank account to buy property in Thailand?

Foreign buyers do not need a Thai bank account, as most transactions are completed via international transfer — either into Thailand or occasionally to an offshore bank account. See our full guide: Thailand Property Finance FAQ.

Can I pay for a property in Thailand in a foreign currency?

Yes. Most buyers send funds from overseas in foreign currency, which are then converted into baht for settlement. For condos under foreign quota, this conversion must occur inside Thailand. See full explanation.