Why Everyone Goes to Jomtien
Jomtien is not just a district in the south of Pattaya. It is a place where life buzzes day and night. Its beaches, stretching along Jomtien Beach Road, attract both tourists and those who have decided to settle here. Just ten minutes away by bike is Thappraya Road, which connects Jomtien to central Pattaya.
A lot of shops, cafes, and markets make Jomtien especially attractive for living. There is everything here: from cozy cafes and restaurants to supermarkets and markets. For example, the Thepprasit market, where you can find fresh fruits and vegetables. It’s no wonder many choose Jomtien for real estate purchases.
How Foreigners Can Own Property in Thailand
If you are considering buying an apartment in Pattaya, it is important to know that foreigners can acquire ownership of apartments in condominiums. The main condition is that the share of foreign ownership in the building must not exceed 49%. Such restrictions are established in accordance with the Condominium Act.
Land, however, remains unavailable for purchase by foreigners. However, there is an option for long-term land leases for up to 30 years with the possibility of extension. This route allows you to avoid the complexities of land ownership while still enjoying life in Thailand.
Legal Aspects: What You Need to Know
Before signing a contract, it is important to consult with a lawyer. We recommend reaching out to a specialist who can help verify all documents and ensure the legality of the transaction. We can always recommend a trusted partner.
Typically, the process of purchasing real estate in Thailand can take from several weeks to several months. It all depends on the complexity of the transaction and the need to obtain permits. It is also worth remembering the property transfer tax, which is about 2% of the assessed value of the property.
The Purchase Process: Step by Step
After choosing an apartment and confirming all conditions, the process of formalization begins. You will need to visit the Land Department of Thailand to register the ownership rights. Here, all issues related to land and real estate are resolved.
The withheld tax on the sale of real estate is 1% of the sale price or assessed value, depending on which is higher. Therefore, it is important to consider all these nuances in advance to avoid unpleasant surprises.
Why Contact Us
There are many real estate agencies in Pattaya, but we at Land of Smile know Jomtien like the back of our hand. We personally show properties, evaluate them in real time, and accompany transactions from viewing to handing over the keys. Why complicate your life when you can trust professionals who love and know this city?
Call: +66 80 249 1400, +66 80 002 0600 or write to landofsmile-realestate.com — we will help you figure it out.