Can I pay for property in Thailand via transfer from a European bank?

Yes, you can pay for property in Thailand via a transfer from a European bank, but certain requirements must be met:

The transfer must be made in a foreign currency, typically U.S. dollars (USD), which the Thai bank will then convert to Thai baht (THB). The Thai bank will issue a Foreign Exchange Transaction Form (FETF) certificate, which is necessary for registering property in a foreigner’s name. It is important to include correct information on the transfer, such as the purpose, to avoid issues during registration. Before the transaction, it is advisable to contact a Thai bank or consult your lawyer to ensure all requirements are met.