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 | info@phuketcondo.net 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. Rental Guaranteed 7% For 5 YearsRental Pool 10 Years Rental Return 15 Years, "Eco-Friendly is the New Luxury"This project has taken everything good from their previous projects, such as their construction quality and greenery and they listened to all the feedback from our owners, clients, and agents in order to improve all that they could.The developer aimed to offer something new, something that we don’t yet have in, BAN6184: New investment project from a famous developer! Anyone who loves the beach, crystal clear aquamarine seas, and sunsets will prefer this part of the island. Phuket Condo.net - real estate agency in Phuket. Thalang is a big area and located in the northern parts of Phuket.

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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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Light tone décor draws inspiration from the warm shallow waters where Coloured coral is found and built in space-efficient furniture features smart storage space. Quality properties in China today are at unaffordable levels for many Chinese nationals, so most middle class Chinese are priced out of their own market. In comparison to Bangkok, Phuket’s real estate market relies heavily on foreign buyers that primarily come from from China and Russia. Since buying a condo in Phuket involves a tremendous investment, make sure you pay attention to the details such as quality of the staircases, attic, elevators, basements, and the interiors. Fill in the form to get connected with a real estate agent in Vietnam, Malaysia, Thailand or other countries. Phuket offers you a wide range of property options. Instead, average real estate prices in Phuket tend to rise gradually, by around 3-4% annually. no problem buying condos; 51% of the total can be in Farangs name. Previously, it was common that developers built large apartments and condos, with floor areas of 100 square meters or more. The condo is beautifully designed and shows the identity of Phuket. As long as a condominium resort has 51% Thai owners, foreigners may own the other 49%. Grand Breeze Park units are the perfect size, comfortable for a vacation stay, while being large enough for a permanent home. As well as a return on your money, a condo is an investment you can truly enjoy. Everything said in those stories fully applies to condominiums – where buying a villa or a standalone house has its own peculiarities due to Thai law. What appeals to some buyers, is a no-go for others. Perfect holiday home. New condos usually offer buyers a guaranteed return for a specific time period. Find 1014 listing of Condos for rent in Phuket. Buying a Leasehold condo as well as buying a villa will be reviewed in the following issues of RL Magazine. Promote your Asia properties or pre-construction projects via our website and email list. Allow notifications and receive property updates from Thailand Property, Kata Garden is conveniently located, overlooking the Andaman Sea and only 5–10 minutes’ walk to Kata Beach and Kata Noi Beach. When buying a unit in a condominium, according to Article 4 of the Thai Condominium Act 1979 what you buy is a part of the complex that has been singled out from the total area of the project into a living area for individual ownership and use. "Be it a house or a condo, if you're looking for real estate in Phuket you are sure to be able to find exactly what you want due to Phuket's large size and diversity. Condominiums are the best choice when it … Special promotion prices available only for Leasehold ownership. Full choice of properties, with professional advice and support from people that know Phuket and its property market. Answer 11 of 14: What’s a good real estate company to go with about buying in Phuket. KAM6616: Just 600 meters to the beach! Here at Buy Phuket Condos we are specialists in our field. You have arrived at the right destination! This lack of leverage mitigates the impact of boom-bust scenarios seen in other countries, especially those markets which spectacularly blew up in 2007-2008. PHUKET CONDOS AND APARTMENT FOR SALE. The next potentially major buying group could come from the Indian subcontinent. Save my name, email, and website in this browser for the next time I comment. The average listing price in Phuket was ฿ 8,012,280 on 1 Nov 2020 and the average size was 102.6 square meters with 1.1 bedrooms. As this happens, the potential rental generated by the property will gradually increase, too. A turnkey solution or service means that the developer will take care of the full property management services of the condominium unit after purchase. This is a 1 bedroom unit 79 sqm. The attraction for Chinese buyers is easy to see. Condos that are at the top end of accommodation can be purchased. In addition, residents of neighbouring countries, such as those in Malaysia and Singapore, are also major purchasers. However, 300 million middle class Indians can now fly directly to Phuket with GoAir, which is already operating direct flights from both Delhi and Mumbai. Learn how Asian countries compare on foreign property ownership rules, taxes, visa options, capital controls and more. Privilege :MontAzure Membership Card and Platinum Member of Le Club AccorHotels Enjoy 45 days stay per year for you and your friends and familyEnjoy genuine yields based on credible room rates and occupancyEnjoy short and long-term capital gains as the beach front community value appreciatesEnjoy a hassle-free investment model under the care and expertise of a prestigious international brand. Buyers with a medium to long-term view will benefit from capital appreciation, as well as achieving a good source of rental income over the years that they stay invested. I know there’s a lot of scams. We focus on new projects only, whether for residential and for investment. Investment properties require a 20%-25% down payment. Many real estate agents try to market their properties using high pressure sales techniques, similar to the timeshare industry. A quality resort condominium typically has one or more swimming pools, restaurants, a gymnasium, sauna or steam room, beautifully landscaped gardens, a car park and very often will also have a reception area. If you look for prime property, might it be villas or condos, units are often priced above THB 100,000 per square meter. We use cookies to ensure that we give you the best experience on our website. Luckily, Thailand-Property.com has thousands of listings for properties for sale all over Phuket to get you started. Real estate is priced at around THB 100,000 per square meter here, while prices go down to around THB 50,000 in the central parts. Inflationary pressure will push up the cost of the land, bricks and mortar, fixtures and finishings, and even the cost of landscaping. Every year the number of people who want to buy a condo on the island, goes up. Phuket Condos, Homes, Villas, Luxury Pool Beachfront Properties For Sale. Many people may be familiar with this concept, especially in the US. The best place to buy property in Thailand or buying a condo has always been Phuket. I know there’s a lot of scams. Real estate prices have increased much in Thailand, and particularly in Bangkok and Phuket over the last decade. As the tourism sector keeps expanding, owners are being rewarded with consistent rental income. These apartments were often used to cater western expats, or wealthy Thai investors. Conclusions On Buying A Condo In Phuket. And all this investment is paving the way for future growth in the tourism sector. If the answer is none, then you know where their interests lie. Penthouses in many luxury Phuket condo developments also feature a private pool, for example, Baan Mai Khao and Andara Residences. The following would be checked amongst other property services: A title search over the property. I accept that this form collects my name, email and other information that may be forwarded to a real estate agency or other relevant agency (read our. Luxury Phuket condos for sale are managed by professional management companies, or in some cases hotel-managed. Save this search to receive emails when new condos for sale are listed in Phuket. The average price per square meter for condos in Phuket was ฿ 78,092. Your email address will not be published. The good news is that the condominiums in Phuket are available at reasonable prices. Perhaps, the first thing you should do when buying property in Phuket is to find an experienced lawyer. Some of the most popular real estate agents in Phuket are: The number of tourists visiting Phuket has been rising consistently for many years, and it is easy to see that tourism is the key driver of the property sector. I spoke about condotels earlier in the article, let me explain what a condotel is, in case you’re not aware about this term. shorter-term rentals are illegal in Thailand. Europeans, Russians and Chinese make up the bulk of investors in Phuket, but many expatriates working throughout the Asia Pacific region also buy here. As this market evolves, we could see many more Indian visitors, and we expect that will translate into many more Indian real estate buyers. As late as 2013, condos were priced below THB 100,000 per square meter in Bangkok’s most central areas. Unfortunately, many of the condominiums in Phuket failed to follow the correct procedures, did not receive the correct legal advice, or were simply hurried into development before establishing themselves as an actual Condotel. Yet, before you buy real estate in Phuket, it’s important that you get your feet wet and learn about the market, where to buy, about prices, and more. You’ll find developers who offer high guaranteed rental yields, sometimes stretching up to 12%. Phuket is an island, and land on any island is in limited supply. Freehold premium available with extra charge. The double bed can be extended to sleep a third person.


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 | info@phuketcondo.net 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. Rental Guaranteed 7% For 5 YearsRental Pool 10 Years Rental Return 15 Years, "Eco-Friendly is the New Luxury"This project has taken everything good from their previous projects, such as their construction quality and greenery and they listened to all the feedback from our owners, clients, and agents in order to improve all that they could.The developer aimed to offer something new, something that we don’t yet have in, BAN6184: New investment project from a famous developer! Anyone who loves the beach, crystal clear aquamarine seas, and sunsets will prefer this part of the island. Phuket Condo.net - real estate agency in Phuket. Thalang is a big area and located in the northern parts of Phuket.

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