Condominiums for Sale in Phuket under ฿5M

• Condominiums for sale under ฿3M
• Condominiums for sale under ฿10M
• Villas for sale under ฿10M
• Houses for sale under ฿10M
• Villas for sale under ฿15M
• Villas for sale under ฿20M

What taxes and fees are payable when buying property in Phuket?

Transfer fee 2% of the appraised value, usually split 50/50. Specific Business Tax 3.3%, paid by the seller if they have owned the property less than five years; where it does not apply, stamp duty of 0.5% does instead. Withholding tax varies with the seller's tax position. Who pays what is negotiable and belongs in the sale agreement in writing.

What can a foreigner own freehold in Phuket?

A condominium unit. Under Thailand's Condominium Act, foreign buyers together can own up to 49% of the total saleable floor area of a building. Inside that quota the unit is registered in your own name, and you can sell it, mortgage it or leave it to your heirs like any other owner.

Do I need to transfer the purchase money from abroad?

For a condominium bought freehold, yes — the purchase funds must be remitted into Thailand in foreign currency and converted to baht, and your Thai bank issues the foreign exchange transaction record the Land Office needs at registration. Send the money in the buyer's own name and keep every bank document.

Can a foreigner buy property in Phuket?

Yes, with one limit: a foreigner cannot own land in their own name. You can own a condominium unit freehold, and you can hold a house or villa through a registered lease of the land, or own the building separately from the land it stands on. Which route fits depends on the property, and it is a question for a Thai property lawyer before you sign anything.

General information, not legal advice — the rules turn on the individual property and your own circumstances. We will introduce you to an independent Thai property lawyer before you commit to anything.