If foreigners can buy real estate in Thailand, what will Thai people get?
Last updated: 30 Aug 2025
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Currently, opening the door for foreigners to purchase real estate in Thailand may be an interesting option to create opportunities for the country. However, there are still significant issues regarding whether foreigners purchasing land or property in Thailand truly stimulates the economy or is it a form of treason. Today, Real Estate Knowledge will analyze this issue for everyone to understand together.
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Positive Perspectives
1. New groups of people are brought in to circulate the country's economy, potentially with potential in various areas crucial to the global economy. This has turned Thailand into a hub for talented individuals from many countries. For example, the United States has allowed foreigners to reside in Thailand since its earliest days, helping drive the economy, leading to its current status as a global superpower.
2. Thailand is entering an aging society with a declining birth rate. Consequently, the working population at all levels and taxpayers in the country are steadily decreasing. Welcoming foreigners to reside in Thailand is another way to attract skilled and talented individuals to work in the country. and increase tax collections to fund further national development.
3. Future customers include the elderly. Our country boasts medical services, food, and a low cost of living. Allowing retirees from abroad to purchase property for their retirement years could be another potential customer segment for Thai businesses. These seniors who can afford to retire abroad must possess high purchasing power. Examples of these include healthcare, food, tourism, home improvement, life insurance, and technology for elderly care. These opportunities could create jobs and create numerous business opportunities.
4. Increase purchasing power from new markets. While the current economic slowdown has seen a decline in Thai purchasing power, foreign purchasing power has remained relatively unchanged, particularly among the Chinese. This group holds high potential and is a key customer base for promoting exports, tourism, and investment in real estate sales and rentals.
5. Address illegal activities by foreigners using nominees as a front. Previously, foreigners who owned property in Thailand often married Thais or bought and sold through nominee companies, with Thai representatives, while the actual owners were foreigners. This measure could address illegal activities by foreigners, effectively bringing underground issues above ground and ensuring they are properly managed in accordance with the law.
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Disadvantages
1. Land and real estate prices may rise as real estate owners become more eager to sell to foreigners. This could lead to greater inequality, which will impact Thais more broadly. Those who don't own land or real estate will find it even more difficult to own property.
2. It may not stimulate as much investment as expected. Many Thai economic analysts believe that if we analyze the four potential groups that have been set, this measure is likely to attract the most stable foreigners due to their investment capabilities. However, other groups may not be as numerous.
3. There are still loopholes in Thai government data. Foreigners may purchase land or real estate but then use it to conduct business. This problem is difficult to resolve, as Thai government data is not yet comprehensive enough to track. Therefore, the government must implement serious oversight measures.
5. From the perspective of some academics, there is concern about the influx of foreigners purchasing land and real estate. Some have even compared it to the possibility that parts of Thailand could become colonies of foreigners.
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So, how can Thai people benefit from this measure?
1. The government should clearly define the price of land and real estate that foreigners can purchase, ensuring that it does not impact Thai buyers with limited budgets. It should also clearly state that future house prices will not increase, ensuring that Thais can still purchase. Furthermore, it should implement fair and comprehensive building and property tax measures for foreigners.
2. The government should communicate to the public the duration of the measure, including when it will be in effect. Once the period expires, it should be reviewed to determine whether the measure is truly contributing to economic growth, to avoid concerns and doubts among those who question the measure.
This measure has certainly received considerable analysis, with both supporters and opponents. However, we must continue to monitor how beneficial this measure, allowing foreigners to purchase land and real estate in Thailand, will be for the country and the Thai people, and we are prepared to adapt to take advantage of the opportunities and benefits it offers.
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Thank you to Real Estate Content for the article source.
___________________________________________
Positive Perspectives
1. New groups of people are brought in to circulate the country's economy, potentially with potential in various areas crucial to the global economy. This has turned Thailand into a hub for talented individuals from many countries. For example, the United States has allowed foreigners to reside in Thailand since its earliest days, helping drive the economy, leading to its current status as a global superpower.
2. Thailand is entering an aging society with a declining birth rate. Consequently, the working population at all levels and taxpayers in the country are steadily decreasing. Welcoming foreigners to reside in Thailand is another way to attract skilled and talented individuals to work in the country. and increase tax collections to fund further national development.
3. Future customers include the elderly. Our country boasts medical services, food, and a low cost of living. Allowing retirees from abroad to purchase property for their retirement years could be another potential customer segment for Thai businesses. These seniors who can afford to retire abroad must possess high purchasing power. Examples of these include healthcare, food, tourism, home improvement, life insurance, and technology for elderly care. These opportunities could create jobs and create numerous business opportunities.
4. Increase purchasing power from new markets. While the current economic slowdown has seen a decline in Thai purchasing power, foreign purchasing power has remained relatively unchanged, particularly among the Chinese. This group holds high potential and is a key customer base for promoting exports, tourism, and investment in real estate sales and rentals.
5. Address illegal activities by foreigners using nominees as a front. Previously, foreigners who owned property in Thailand often married Thais or bought and sold through nominee companies, with Thai representatives, while the actual owners were foreigners. This measure could address illegal activities by foreigners, effectively bringing underground issues above ground and ensuring they are properly managed in accordance with the law.
___________________________________________
Disadvantages
1. Land and real estate prices may rise as real estate owners become more eager to sell to foreigners. This could lead to greater inequality, which will impact Thais more broadly. Those who don't own land or real estate will find it even more difficult to own property.
2. It may not stimulate as much investment as expected. Many Thai economic analysts believe that if we analyze the four potential groups that have been set, this measure is likely to attract the most stable foreigners due to their investment capabilities. However, other groups may not be as numerous.
3. There are still loopholes in Thai government data. Foreigners may purchase land or real estate but then use it to conduct business. This problem is difficult to resolve, as Thai government data is not yet comprehensive enough to track. Therefore, the government must implement serious oversight measures.
5. From the perspective of some academics, there is concern about the influx of foreigners purchasing land and real estate. Some have even compared it to the possibility that parts of Thailand could become colonies of foreigners.
___________________________________________
So, how can Thai people benefit from this measure?
1. The government should clearly define the price of land and real estate that foreigners can purchase, ensuring that it does not impact Thai buyers with limited budgets. It should also clearly state that future house prices will not increase, ensuring that Thais can still purchase. Furthermore, it should implement fair and comprehensive building and property tax measures for foreigners.
2. The government should communicate to the public the duration of the measure, including when it will be in effect. Once the period expires, it should be reviewed to determine whether the measure is truly contributing to economic growth, to avoid concerns and doubts among those who question the measure.
This measure has certainly received considerable analysis, with both supporters and opponents. However, we must continue to monitor how beneficial this measure, allowing foreigners to purchase land and real estate in Thailand, will be for the country and the Thai people, and we are prepared to adapt to take advantage of the opportunities and benefits it offers.
___________________________________________
Thank you to Real Estate Content for the article source.
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