Whether you are looking for luxury or a cheap Phuket condo, a beach front condo or something surrounded by nature, we have a huge selection of condos for sale in Phuket for you to choose from. The cost of condo rental in Phuket primarily depends on two factors: Location — distance from the beach, infrastructure of the district The west coast includes (from north to south): Obviously, properties with sea views in these areas demand the best rental returns. What are the benefits of buying a condo in Phuket? Comparable properties in Phuket are cheap, and Chinese nationals visiting the island see much better value-for-money investing in Phuket than they do from investing at home. Thailand’s property market has slowed down since January 2016, after a continuous growth over the 10 past years. Marcus is a Swedish Engineer and previously worked as a Sales Manager within the Automotive industry in Shanghai. Good legal representation is highly important.
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Any questions please quote the following listing ID 3625 when calling. If you go to Phuket, you’ll probably end up here from time to time. If you've ever dreamt of owning your own holiday home in an exotic location, then buying a beachfront condominium at TwinPalms Residences in the new MontAzure development in Phuket is one of the simplest and most secure ways to achieve the dream. In fact, buying a unit or more in a condotel can be a great income generator, and a better alternative than keeping your money in a bank account. As a result, prices for apartments for sale are rising continuously. The international airport is located in Thalang district, making it convenient when settling in and departing. If you are considering buying property in Phuket, the first thing you should know is that under Thai law, foreigners are not allowed to own land. Property has always proven to be a sound investment anywhere in the world, and in that respect Phuket is no different. But for those focused mainly on rental income, then the west or south coasts are the easiest to rent out, and this is where property sells for premium prices. Phuket’s property market has continued to remain strong over the past 20 years and after events such as: The market keeps being buoyant and is particularly interesting for long-term investments. Helping you to make the right choice for your Phuket … Buyers should ensure that the condo they are purchasing is a freehold and not a leasehold, as leasehold condos do not have the same ownership rights, and may be extremely difficult to sell at a later date. With over 20 years experience selling Phuket property eT Hus Phuket Real Estate can provide you with the information, service and selection of properties to match your budget and requirements. No doubt the real estate industry will also be a beneficiary of this growth. Owning a condo in Phuket (or anywhere in Thailand) is a clear-cut legal way for a foreigner to invest in the Phuket real estate sector. Set amongst lush tropical gardens and you'll have easy access to all that the Kata Beach area has to offer, whether it be dining, shopping or sightseeing options, and local attractions.This 2 bedroom. Presale WeekFurniture package included in the price. When it comes to apartments in condominiums in resort areas, that is, for short-term rent, the cost of a one-bedroom apartment varies from 1,200 to 5,000 baht per night. Some people love the east coast because it is relatively undeveloped, it’s close to all of Phuket’s marinas and it has some stunning views across Phang Nga Bay. Phuket Property and Real Estate Agents. At some stage in the future, all the available land for development will be used up. Everything is harmoniously combined in this offer.The bright interior and high-quality stylish furniture create a joyful and cozy atmosphere. Any condominium offering hotel services without a hotel license is, in fact, operating illegally. Award-Winning Developer. © Copyright 2020 by Dot Property Co., Ltd. All Rights Reserved. Standard payment plan. Get notified when we have new listings available for, By registering you agree to Dot Property's, Thailand-Property, part of Dot Property Group Sites. At the same time, travelers and investors visit Phuket in vast numbers. As things stand now, India has the seventh largest number of tourists to Thailand each year, but Indians have not been coming to Phuket in large numbers because there have never been direct flights. Selling apartments and condos in Phuket is our passion – we love sourcing spectacular property for sale here on this beautiful island and helping people who wish to invest in their very own slice of luxury.. Most condominium resorts also offer a rental guarantee with a guaranteed return. Mueang is the capital district and located in the southern parts of Phuket, Phuket Town is located in this area. According to some industry experts, American buyers are expected to pick up in the years ahead as the number of tourists from the US increases. Buying property in Phuket is simple with the right real estate agent. It’s best to avoid this type of sales strategy as you may end up being forced into a purchase that you’ll soon regret. Read hundreds of articles and expert interviews covering Asia property taxes, foreign ownership rules, projects & much more. It’s considered to be the most bustling area in Phuket and started to cater westerners from the late 80’s. Instead, the resort management takes care of everything, including the rental of the unit, and the owner just receives a return each year. Buying condos in Patong (Kathu) Patong is both a 3.5 km long beach and a town, located in the north western parts of the island. They can invest in Thailand’s buoyant property market, while simultaneously capitalising on its booming tourism industry. When buying a condo in a foreign country, it also means making a commitment to living away from home and having to jump through a number of hoops. All modern condo developments have 24-hour security, CCTV and key card access. Phuket, on the other hand, remains extremely affordable for them. Following the success of our previous project Diamond. As late as February 2019, it had a 12 year high average occupancy rate at 95.4%. Phuket is an amazing holiday destination and is fast becoming one of the world’s most visited islands. It’s getting increasingly popular among condo developers. Guaranteed Rental Return of 7% for 5 Years!This project offers an unparalleled lifestyle in. No1 Buy Property in Phuket. The financial attractions of a condo investment are perhaps one of the main reasons people are buying in Phuket. This video by Chaninat & Leeds law firm discusses how there are many risks with buying a condo such as misrepresentation, and property fraud. Recently, many buyers have started to look for short- and long-term investment vehicles in Phuket, such as condos, villas, and condotels (more about that later). Phuket Condos for Sale. There’s a prediction that mainly Chinese will flood the Phuket real estate market as they struggle with property prices back home. Now it’s time to talk about them. In Thailand, foreigners may only own a condominium in his/her own name. All types of Phuket property for sale and rent, including condominiums, villas, land, hotels etc. Individual units can be privately purchased, but instead of being used for residential purposes, they are rented out as short-term hotel accommodation. And the amount of travelers is expected to rise significantly in the coming years. Just like in the case of a condo, Thai law allows a foreign individual to own, manage and use their villa in Thailand. It’s a common practice that shorter-term rentals are illegal in Thailand if you don’t have a hotel license. Upon expiration of the guaranteed return period, owners may then enter a rental pool system whereby they receive a share of the rental income generated from the overall rental business. With increasingly more tourist arrivals, and foreign property buyers who look for lucrative investment opportunities, Phuket can break new records even during national crisis. Buy Phuket Condos and Apartments. Click here to get in touch with an experienced agent. Not only is the island experiencing a rapid modernisation, the growth of the tourist industry is also attracting vast amounts of private investment into new attractions, from water parks and ice rinks to shopping centres and luxury hotels. Below I’ve listed some of the most popular areas when foreigners decide to settle or buy real estate. This is a cash only market with fewer than 1% of foreign buyers obtaining financing, and even then the loan is coming from their home country, not locally in Phuket. While buying a condo as a rental property is not an ideal real estate investment due to HOAs, shared expenses, and condo associations, they are the most attainable properties for me at this stage. This apartment is great for its large area, finishing and furnishings quality , location. If you've decided that you want to buy real estate in Phuket, you first need to know the right place to look. 544 condos in Phuket are available for sale. At the prime locations, you can invest in some luxury condos. Which nationalities buy real estate in Phuket? If you fit in this profile, then the northern parts of Phuket might be your choice. The industry has been focused on the Chinese market for the last few years, and apart from the occasional hiccup (such as the boat disaster in 2018 which saw numbers drop off), we are still expecting to see Chinese arrivals increasing in the years ahead. Foreign nationals may … If you continue to use this site we will assume that you are happy with it. However, there is no need to worry about any maintenance, the paying of bills or any of the other usual hassles associated with home ownership. The obvious attraction to a foreigner looking for a sound investment is that they have full legal ownership of a condominium unit, while being legally allowed to generate an income on their unit through a professional hotel management company. However, foreign nationals do have the right to the ownership of buildings distinct from the land such as condominiums. no borrowing) by foreigners. Looking for condos or apartment but prices too expensive? Most foreigners buying into a condotel development in Phuket are usually interested in the investment opportunities of the purchase, rather than looking for a holiday home. Required fields are marked *. Answer 1 of 14: What’s a good real estate company to go with about buying in Phuket. Buying a condo in Phuket is easy. In 2018, the number of travelers arriving at the airport increased from 1.5 million to 2.1 million, an increase of an astonishing 28%, compared to 2017. Your email address will not be published. A condotel is a hybrid species and combines the condominium ownership rights for foreigners with the legal operations license and full services of a hotel. Under such an arrangement, the purchaser is allowed to stay in the resort for anywhere from 2 to 4 weeks per year. Condos really do have all the comforts of home – sometimes even more. Buying condos in Thalang PHUKET CONDOS FOR SALE. Helping people achieve their dream is what we do best. 544 condos in Phuket are available for sale. Dinings and alcohol are generally more expensive around Phuket Town. You can even enter in what town in Phuket you want to search in and you'll automatically receive listings of all the places that suit your needs. In short words, condotels can be defined as hotel-licensed condominiums. A good company will always have your best interest at heart, and will mentor and educate you on the pros and cons of buying Phuket property. Choosing a location needs some thorough planning and it all comes down to your personal preferences and goals. Just find the real estate search engine at the top of the site and enter in all of your real estate criteria, including your price range, number of bedrooms, etc. Finding real estate for sale in Phuket has never been easier.". BUT if they have already sold 51% u can still"buy"it with 30 year lease, 99% of real estate companies are legit ,Just do some homework, Check out Phuket land in Kalim, he has been buying,selling on Phuket island for over 30 years Real estate prices have increased immensely in Thailand’s major cities over the past decade. Buying an overseas investment for some can be a daunting experience. We have many condos for sale all over the island of Phuket. There are a number of real estate agents in Phuket and like in every industry, there are good ones and bad ones. That is when land prices in Phuket will shoot through the roof. Nowadays, condos are priced well above THB 200,000 per square meter, and sometimes up to THB 300,000 per square meter. All previous (13!) You don’t even need to be present in Phuket, as the condotel staff helps you to rent out your property. One of the major draws for foreigners looking at Phuket real estate is the ease of ownership. Investment in infrastructure is mainly to thank, for example, the construction of the new international airport. Take your time to find honest and reputable real estate advisor. Thailand Property makes finding a property easy by providing wide range of condos for rent in Phuket with photos, … The condos are divided into luxury, high-end, mid-range and entry-level condos. There is some controversy right now because many condominium developments are calling themselves a “condotel” or market themselves as hotels, but they do not possess the necessary license to operate as a hotel. They’ve also become more aware of the opportunities to buy overseas property to use as investment vehicles. Here at Buy Phuket Condos we make the whole process incredibly easy for you, the investor, so you can be confident that you’ll be buying Phuket condos with a minimum of fuss. It’s considered to be one the most bustling areas in Phuket. Also, we are familiar with the place and the journey, but this time, I choose to stay … He is currently a freelance consultant supporting Asiaimportal (HK) Limited with content creation and research. No matter what type of landscape or lifestyle you want, Phuket has it, from secluded, relaxed and beautiful beaches, to mountainside houses to downtown condos surrounded by never-ending nightlife. A conclusion we can make is that Phuket is less vulnerable to the national economic climate and its policies, even if it has some impact, of course. Until then, discerning buyers who bought at the right locations from the right developers will still see the value of their property rise in value. Nowadays, Chinese investors often look for smaller and cheaper units in condos and condotels, to use as investments. In 2018, Thailand attracted nearly 35 million visitors and almost one third of those spent time in Phuket. The best areas to buy real estate in Phuket? Condos in Phuket almost always come with basic furniture, and complete furniture packages from the developer are also usually available. It’s considered to be the most bustling area in Phuket and started to cater westerners from the late 80’s. With investments protected by the Condominium … We also see a big demand among European and Australian buyers, but it’s a fraction compared to the first two mentioned countries. Buying any Real Estate in Thailand be it a house or a condo requires the services of a reputable law firm. Optional: Receive free information about projects in Vietnam, Optional: Receive free information about projects in Thailand. Rental Guaranteed 7% For 5 YearsRental Pool 10 Years Rental Return 15 Years. Foreigners can take ownership of a condo by either purchasing a condo unit with a freehold title or entering into a long lease agreement, commonly known as "Leasehold". +66 87 892 3876 | email@example.com Still, Phuket’s market performs surprisingly well. Our selection includes affordable studios, apartments, large lofts and luxury penthouses.. From Nai Yang Beach on the West coast to Rawai in South of Phuket Island, find the right condo for you. For some, the distance to the airport matters, especially for someone commuting to work in Bangkok, or a nearby country, who only returns to Phuket on weekends. Common area facilities include pool and gym. Still, many condominium projects that offer guaranteed returns are basing these largely on the short-term rental market. And they can usually come to Phuket a couple times each year to enjoy some “free” accommodation in their resort. 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