Buying land as an investment is mainly limited to those with large sums of capital, given prices in the key development areas are out of the budget of your average investor. Other areas that are popular for buying property surround Bangkok’s largest park, Lumpini, as well as Sathorn, Thonglor and the riverside. Bangkok property has hundreds of agents, some with good reputations for satisfying foreigner’s demands.
Like the rest of Thailand there are foreign ownership restrictions on land. If you do not have a Thai spouse to own the land title deeds, you can perhaps set up a 30 year lease of land from a Thai owner, which some have chosen to do. There is also the option to form a Thai-foreigner owned company, which will own the land. This is now less popular since the authorities pledged to check the legitimacy of the minimum 51 per cent Thai ownership arrangement.