Real Estate Vocabulary In Thai: #1 Comprehensive Guide

Real Estate Vocabulary In Thai-ling app

A story I repeatedly hear while meeting ex-pats in Thailand is that they’d love to purchase a property in the land of smiles but, in some way, don’t feel confident enough to make the step. It’s true that the Thai property market is complicated, but perhaps if prospective buyers master real estate vocabulary in Thai, it might make them feel more comfortable because they can begin the process on the same terms as the seller.

If you’re thinking about learning Thai, whether as a brand new student or someone with more experience, you can’t go wrong with Ling. Ling is the gold standard of language learning apps, particularly for Thai (our head office is in Chiang Mai, and we have an entire staff of dedicated Thai programmers and language experts).

Real Estate Vocabulary In Thai- Some Basic words

Here are some basic words to get you off on a good start and your real estate in Thailand journey.

EnglishThaiThai ScriptSound
AnalysisKār wikherāah̄̒การวิเคราะห์
ApartmentX phār̒ th mênอพาร์ทเม้น
CommercialThāngkār kĥāทางการค้า
CondoKhxn doคอนโด
ConstructionKār k̀xs̄r̂āngการก่อสร้าง
InvestmentKār lngthunการลงทุน
LocationThī̀ tậngที่ตั้ง
RatePramein kh̀āประเมินค่า
ResearchKār wicạyการวิจัย
ResidentP̄hū̂ phạk xāṣ̄ạyผู้พักอาศัย
SoldK̄hāy læ̂wขายแล้ว
real estate vocabulary in Thai - building in bangkok

Real Estate Vocabulary In Thai – Useful Phrases

Learning basic vocabulary can only get you so far. If you really want to level up, it’s time to learn phrases.

EnglishThaiThai ScriptSound
Are there broker fees?Mī kh̀āṭhrrmneīym nāyh̄n̂ā h̄rụ̄x mị̀?มีค่าธรรมเนียมนายหน้าหรือไม่?
Are there good schools in the neighborhood?T̄hæw b̂ān mī rongreīyn dī«h̄ịm?แถวบ้านมีโรงเรียนดีๆ ไหม?
How much is this property?Khuṇs̄mbạti nī̂ rākhā thèā h̄ịr̀?คุณสมบัตินี้ราคาเท่าไหร่?
I love this house so much!C̄hạn rạk b̂ān h̄lạng nī̂ māk!ฉันรักบ้านหลังนี้มาก!
Is it available to rent or just to buy?Mī h̄ı̂ chèā h̄rụ̄x khæ̀ sụ̄̂x?มีให้เช่าหรือแค่ซื้อ?
This condo is very cheapKhxn do nī̂ rākhā t̄hūk mākคอนโดนี้ราคาถูกมาก
What is the condition of the Thai property market?P̣hā wa tlād xs̄ạng h̄ā‡ thịy pĕn xỳāngrị?ภาวะตลาดอสังหาฯไทยเป็นอย่างไร?
Will I get my money back on this investment?C̄hạn ca dị̂ rạb ngein khụ̄n cāk kār lngthun nī̂ h̄rụ̄x mị̀?ฉันจะได้รับเงินคืนจากการลงทุนนี้หรือไม่?
Where is the property located?S̄t̄hān thī̀ h̄ı̂ brikār xyū̀ thī̀h̄ịn?สถานที่ให้บริการอยู่ที่ไหน?
Would you prefer a house or an apartment?Khuṇ t̂xngkār b̂ān h̄rụ̄x x phār̒ th me nth̒ mākkẁā kạn?คุณต้องการบ้านหรืออพาร์ทเมนท์มากกว่ากัน?

How To Own A Real Estate Property In Thailand As A Foreigner

The three most common ways for foreigners to own a property in Thailand are FreeholdLeasehold, and Through a Thai company.

Freehold is when you own a condominium in a specifically designated building that allows for foreign ownership. However, there is a slight wrinkle with this. There is a maximum of 49% of foreign-owned properties allowed in one building, so if a building has already reached this limit, there is no opportunity to own a property there.

Leasehold means that, for all intents and purposes, you own the unit (for 30 years with the option to extend to 90 years); however, officially, you could be subject to the whim of the official owner.

Ownership by a Thai company is similar to leasehold but usually for villas and houses.

real estate vocabulary in Thai - buildings

How Do You Transfer Foreign Funds To Thailand?

This process is surprisingly straightforward as long as you have the proper documents. This is where it’s important to have your i’s dotted and t’s crossed. You’ll receive a foreign exchange transfer form if you do this correctly. This allows you to transfer money into a Thai bank account and then back out of the country if you sell the property in the future.

Should You Work With A Local Estate Agent?

I would say yes. We’ve left out a lot of complexity of the process, including legal due diligence and the settlement and transfer process regarding the purchase price. If you can find a reputable agent, then it will save you a big headache. The fees are incurred by the property seller, not the buyer, and amount to about 5% of the property’s value. It is in the best interests of both parties to agree to this.

Other Things To Note:

Maintenance Fees – Buyers have to pay maintenance fees for the general upkeep of the common property areas, such as swimming pools and gardens. Maintenance fees are about 50 baht per square meter and are paid either yearly or monthly. They usually don’t cover repairs inside your property.

Sinking fund – This is paid to the condo complex by new owners as an act of good faith and is also judged by the square meter of your property(around 600thai baht per square meter). Although it’s different from the maintenance fees, it is used to pay for similar things. 

Air B&B – Thai law means that you cannot put your property on Air B&B unless you have a hotel license. That being said, not many people follow this rule, and the government doesn’t usually prosecute.

Regarding long-term leasing to a tenant, it is probably best to hire a private rental company that will take care of your tenant.

Selling your property – This can be a little bit complicated. If you sell your property within five years of buying it, you must pay a special business tax of 3.3%. If you hold the property for over five years, you’ll pay a 0.5% stamp duty tax. If you sell through an agent, you’ll pay about 4% at the time of transfer. The land office also charges a 2% transfer fee which is shared between the buyer and the seller. Generally speaking, 7% is what tax you’ll pay when selling a property, not including agent costs (i.e., the broker’s commission).

learn Thai with Ling-CTA

Learn Thai With Ling

Well, that was mighty complicated, so just imagine how complicated it is if you don’t speak Thai and want to become an owner of your dream property. That is where Ling comes in, giving you all the basic and intermediate phrases needed to sufficiently handle a negotiation and become a property owner.

Ling allows you to practice speaking, reading, writing, listening, and grammar. Don’t worry; the lessons are nowhere near as complicated as the property purchasing process and take only about 10 minutes daily.

If you liked this blog, think about checking out a few others, such as Thai surnames and traveling in Thailand.

So do you feel ready to buy property in Thailand?

Leave a Reply

Your email address will not be published. Required fields are marked *

The reCAPTCHA verification period has expired. Please reload the page.