These hindrances are often circumvented by a Thai corporation purchasing the property.  Or a Thai national (either husband or wife).  For these reasons, we suggest, like we do in most of our countries, that you rent before you even consider purchasing.

Mortgages are usually not available for a real estate purchase, necessitating cash for your purchase.  If a corporation is purchasing, it may be able to find some lenders willing to write a mortgage. 

Bangkok rental prices are high, but services offered at many of the condominium buildings are luxurious. And while Bangkok offers a busy lifestyle which might be perfect for the entrepreneur or business person, outlying towns are more apt to appeal to the expat.  They are also less expensive.

A four-bedroom house in Chiang Mai can be rented for around $600 US and a 4-bedroom condominium will go for around $200 US.  Phuket is considerably more expensive as it is the destination of a large number of tourists.  The rule of thumb when renting or buying a property in Thailand is to use a real estate agent.  Find one who has been in business for a long time and has established a good reputation.  And don’t sign anything until an attorney has looked at the paperwork.