Yes, foreigners can legally buy property in Thailand, but with certain restrictions. While land ownership is not permitted, foreigners can purchase condominiums under freehold ownership and acquire houses or villas through long-term leasehold agreements. There are also legal structures, such as Thai companies or Thai spouse ownership, but these require expert legal advice to ensure compliance.

Foreigners can own:

• Freehold condominiums, within the 49% foreign ownership quota of the total building area.
  
• Houses or villas (as structures), with the land leased under a long-term agreement (usually 30 years, renewable).
  
• Property through a Thai company, under strict legal conditions.
• Property in a Thai spouse’s name, with no ownership rights for the foreign partner.

Each option comes with legal nuances, so professional consultation is strongly advised.

Yes. Many developers offer installment plans, especially for off-plan or under-construction projects.

Foreigners may also access mortgages from select Thai banks, but this typically requires a work permit, long-term visa, or Thai income source. In most cases, installment plans directly with the developer are the more accessible option for foreign buyers.

Common taxes include:

• Transfer fee: 2% of the registered value
  
• Withholding tax: 1% for companies or up to 5% for individuals, depending on ownership duration.
  
• Stamp duty: 0.5% (if applicable).
• Specific business tax: 3.3% (applies in some resale cases within 5 years of ownership).

Annual property tax is low or exempt for residential use in most cases.

In addition to taxes, buyers should account for:

• Legal fees (due diligence, contract review, etc.).
  
• Bank transfer fees and currency exchange.
  
• Condo maintenance fees or common area fees for gated communities.
• Furniture and renovation costs, if not included.
• Property management or rental services, if needed.

A reliable real estate agent or legal advisor will help outline all expected costs in advance.