'Buy property, get visa' plan upsets Phuket tourism operatorsPhuket tourism operators oppose the government's policy allowing foreigners who buy real estate worth 3 million baht to qualify for a long‑stay visa, arguing the investment threshold is too low and could attract "non‑quality" visitors as well as risking an increase in property prices. Foreign property ownership may also drive up housing prices across the market, as well as living costs, which would severely impact locals, said Mr Thaneth. According to Thailand Longstay Management, which backed the one-year long-stay visa, the measure aims to lift the property sector through foreign investors. Under the scheme, foreigners may buy or rent property only from Thai developers or owners. Foreigners must comply with national property ownership rules, which stipulate foreigners cannot hold more than 49% of the ownership quota in any condo.

Source: Bangkok Post February 18, 2026 13:47 UTC