How to Buy Property in Phuket: A Step-by-Step Guide for Foreigners

Discover how to buy property in Phuket as a foreigner. Follow this step-by-step guide to understand legal requirements, ownership options, and expert tips.

Buying property in Phuket is a rewarding investment, but for foreigners, it requires an understanding of the local property laws and process. Here’s a comprehensive guide to help you buy with confidence.

Step 1: Know Your Objective

Determine if you're buying for:

• Personal residence
• Vacation home
• Rental income or investment

Each objective will guide your choice of location, property type, and budget.

Step 2: Choose the Right Property Type

Phuket offers a variety of options:

• Condominiums: The most straightforward option for foreigners due to Thailand’s Condominium Act.
• Villas: Typically purchased via leasehold or company structure.
• Land: Direct ownership restricted for foreigners.

Step 3: Work with Professionals

Partner with:

• A licensed real estate agent (like Mild Property)
• Areputable local lawyer

They help conduct due diligence and ensure safe transactions.

Step 4: Conduct Due Diligence

• Check title deed (preferably Chanote)
• Verify property zoning and environmental regulations
• Ensure no encumbrances on the land or unit

Step 5: Sign Agreements & Transfer Ownership

• Sign Reservation Agreement and Sales & Purchase Agreement (SPA)
• Pay deposit
• Complete ownership transfer at the Land Office

Final Tip:

Buying property in Phuket is smooth when you’re backed by experts. Mild Property provides full-service assistance from Start to finish.

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