Questions and answers

Here you will find answers to some of the most common questions we receive. If you have a question of your own, please contact us.

 

Can foreigners buy property in Thailand?
Yes, you can legally buy condominium units in Thailand if foreign ownership in the building does not exceed 49%. Land ownership is restricted, but foreigners often use long-term leases for houses and villas.

 

Is Rayong a good place to invest in real estate?
Many buyers see Rayong as attractive because of its beaches, growing infrastructure, industrial economy, and lower property prices compared to places like Pattaya, Phuket or Bangkok.

 

What are the best areas to buy property in Rayong?
It depends on your preferences. Popular areas include Ban Phe, Mae Ramphung, Mae Phim, and Rayong town. Buyers choose based on whether they want beachfront living, rental income, retirement, or city convenience.

 

How much does property cost in Rayong?
Prices vary widely. Condos can start around THB 1-2 million, while beachfront villas may cost THB 10 million and above. Rayong province is generally considered more affordable than Thailand's major tourist destinations.

 

What taxes and fees are involved when buying property?
You should expect transfer fees, stamp duty, withholding tax, and sometimes specific business tax. Costs are often shared between buyer and seller depending on the agreement.

 

Can foreigners get a mortgage in Thailand?
Some Thai banks offer limited financing to foreigners, but most foreign buyers purchase with cash or arrange financing from their home country.

 

Is it better to buy a condo or a house in Rayong?
Condos are simpler for foreigners to own as a freehold. Houses may offer more space, privacy and a garden, but ownership structures can be more complicated because land cannot be owned outright by foreigners. In the end, it depends on your personal preferences.

 

What rental yields can owners expect in Rayong?
Rental returns depend on location and property type. Beachfront and resort-area properties may generate seasonal holiday rental income, while city condos can attract long-term tenants working in the industrial sector.

 

How long does the buying process take?
A typical transaction can take anywhere from a few days to several weeks depending on financing, due diligence, and document preparation. ERA Rayong will assist both sellers and buyers in all these matters.

 

Should I hire a lawyer or real estate agent?
There are no formal requirements, but is strongly recommended. A qualified lawyer or experienced real estate agent can help verify title deeds, contracts, zoning, and ownership structures to reduce risk and simplify the process. ERA Rayong is well established with +20 years experience with all work permits and company structure in order for your peace of mind.