In Thailand, there are two main forms of property ownership: freehold and leasehold. Freehold is perpetual ownership, similar to what exists in most other countries. When you purchase a property under freehold, you become its full owner with no time limitations. This is a popular option for long-term property use, especially among Thai citizens.
Potential property buyers in Thailand need to be sure of their legal rights regarding the property they are purchasing. Therefore, it is crucial to understand the main differences between a condo and an apartment before deciding to invest. In this post, we’ll explore the specifics of these types of housing and the legal aspects that foreign investors should be aware of.