Foreigner's Guide to Buying a Condo in Pattaya

Foreigners can legally own a condominium unit in Thailand under the Condominium Act. Here's what you need to know: **The 49/51 Rule** Foreign ownership is capped at 49% of the total area of a condominium project. As long as quota remains, you can buy under your own name (freehold). **Step-by-Step Process** 1. Choose your unit and sign a reservation agreement (pay deposit) 2. Review the sale-purchase contract (lawyer recommended) 3. Transfer funds from overseas into a Thai bank account — you must obtain a Foreign Exchange Transaction Form (FETF) to prove source of funds 4. Pay transfer fees at the Land Department 5. Receive your ownership title deed (chanote) **Key Costs** - Transfer fee: 2% of appraised value (usually split between buyer and seller) - Common Area Fee (annual maintenance) - Sinking Fund (one-time reserve contribution) **Tip**: Choose a project that still has foreign quota available. If full, you'd need a long-term lease instead. Need help? [Browse Pattaya properties](/en/listings) or [contact us](/en/contact).