If you get this mortgage, most Thai banks usually lend you 40-80% of the asking price of the property until 10 years. Thailand's mortgages come with far higher interest rates than usual (around 6-8%) and follows a far more intensified, rigorous procedure.

The answer is YES. However, there are several important things you must be aware of. First, Thailand has progressive foreign ownership laws, but only a few Thai banks and credit institutions currently offer mortgage options to foreign buyers.