This apartment is great for its large area,  finishing and furnishings quality , location. Answer 1 of 14: What’s a good real estate company to go with about buying in Phuket. In addition, residents of neighbouring countries, such as those in Malaysia and Singapore, are also major purchasers. We have a wide selection of the best and affordable condominium and apartment for sale. Rental Guaranteed 7% For 5 YearsRental Pool 10 Years  Rental Return 15 Years. Real estate prices have increased much in Thailand, and particularly in Bangkok and Phuket over the last decade. With investments protected by the Condominium … It’s considered to be the most bustling area in Phuket and started to cater westerners from the late 80’s. 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. As well as a return on your money, a condo is an investment you can truly enjoy. The following would be checked amongst other property services: A title search over the property. Save this search to receive emails when new condos for sale are listed in Phuket. Investment properties require a 20%-25% down payment. In Thailand, foreigners may only own a condominium in his/her own name. 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. 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. Phuket Property and Real Estate Agents. Perhaps, the first thing you should do when buying property in Phuket is to find an experienced lawyer. Buying an overseas investment for some can be a daunting experience. 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. Save my name, email, and website in this browser for the next time I comment. It’s getting increasingly popular among condo developers. PHUKET CONDOS FOR SALE. 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. Required fields are marked *. What are the benefits of buying a condo in Phuket? Anyone who loves the beach, crystal clear aquamarine seas, and sunsets will prefer this part of the island. They can invest in Thailand’s buoyant property market, while simultaneously capitalising on its booming tourism industry. Fill in the form to get connected with a real estate agent in Vietnam, Malaysia, Thailand or other countries. 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 Full choice of properties, with professional advice and support from people that know Phuket and its property market. One of the major draws for foreigners looking at Phuket real estate is the ease of ownership. It would even be wise to get legal guidance, before even looking at properties. What appeals to some buyers, is a no-go for others. 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. PHUKET CONDOS AND APARTMENT FOR SALE. New condos usually offer buyers a guaranteed return for a specific time period. We have many condos for sale all over the island of Phuket. 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. 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. Grand Breeze Park units are the perfect size, comfortable for a vacation stay, while being large enough for a permanent home. 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.. 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. Property has always proven to be a sound investment anywhere in the world, and in that respect Phuket is no different. 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. Below I’ve listed some of the most popular areas when foreigners decide to settle or buy real estate. Condos that are at the top end of accommodation can be purchased. Common Questions about Buying Property in Thailand Can foreigners buy a condominium unit in Thailand? No doubt the real estate industry will also be a beneficiary of this growth. Under such an arrangement, the purchaser is allowed to stay in the resort for anywhere from 2 to 4 weeks per year. Many people may be familiar with this concept, especially in the US. Following the success of our previous project Diamond. They’ve also become more aware of the opportunities to buy overseas property to use as investment vehicles. In short words, condotels can be defined as hotel-licensed condominiums. Freehold premium available with extra charge. No1 Buy Property in Phuket. 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. 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. At the same time, travelers and investors visit Phuket in vast numbers. 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. Promote your Asia properties or pre-construction projects via our website and email list. Presale WeekFurniture package included in the price. It’s considered to be one the most bustling areas in Phuket. At some stage in the future, all the available land for development will be used up. As this happens, the potential rental generated by the property will gradually increase, too. He is currently a freelance consultant supporting Asiaimportal (HK) Limited with content creation and research. 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. A bonafide condotel legally complies with both the Condominium Act and the Hotel Act in Thailand, and because it has a hotel license from the authorities, it is allowed to rent out its units on a daily or weekly basis. Standard payment plan. 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. 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. Buying property in Phuket is simple with the right real estate agent. Buying any Real Estate in Thailand be it a house or a condo requires the services of a reputable law firm. With increasingly more tourist arrivals, and foreign property buyers who look for lucrative investment opportunities, Phuket can break new records even during national crisis. Most condominium resorts also offer a rental guarantee with a guaranteed return. 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. Buyers of Phuket property come from all over the world. Thailand Property makes finding a property easy by providing wide range of condos for rent in Phuket with photos, … Guaranteed Rental Return of 7% for 5 Years!This project offers an unparalleled lifestyle in. 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. 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. As long as a condominium resort has 51% Thai owners, foreigners may own the other 49%. 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. If you fit in this profile, then the northern parts of Phuket might be your choice. Phuket offers you a wide range of property options. Read hundreds of articles and expert interviews covering Asia property taxes, foreign ownership rules, projects & much more. 544 condos in Phuket are available for sale. The next potentially major buying group could come from the Indian subcontinent. I know there’s a lot of scams. Common area facilities include pool and gym. Phuket Condos for Sale. As late as 2013, condos were priced below THB 100,000 per square meter in Bangkok’s most central areas. 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. Perfect holiday home. The revenue that the tourism industry produces for the island has allowed the authorities to spend billions on infrastructure improvements, including a new airport. Thalang is a big area and located in the northern parts of Phuket. It’s a common practice that shorter-term rentals are illegal in Thailand if you don’t have a hotel license. If you go to Phuket, you’ll probably end up here from time to time. Foreign nationals may … Condos in Phuket Offer Great Returns for Investors. 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. The good news is that the condominiums in Phuket are available at reasonable prices. If you've decided that you want to buy real estate in Phuket, you first need to know the right place to look. Inflationary pressure will push up the cost of the land, bricks and mortar, fixtures and finishings, and even the cost of landscaping. Dinings and alcohol are generally more expensive around Phuket Town. This has allowed the island to keep pace with the ever-increasing numbers of foreign arrivals. The average price per square meter for condos in Phuket was ฿ 78,092. You should also ask what due diligence they carry out on the properties they offer to investors. I spoke about condotels earlier in the article, let me explain what a condotel is, in case you’re not aware about this term. The double bed can be extended to sleep a third person.

Any questions please quote the following listing ID 3625 when calling. 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. 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. The law states that the correct licenses must be obtained if a resort is marketing and renting out rooms for terms shorter than 30 days. 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). Rental price of apartments in Phuket. Nowadays, Chinese investors often look for smaller and cheaper units in condos and condotels, to use as investments. 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. 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. All types of Phuket property for sale and rent, including condominiums, villas, land, hotels etc. A turnkey solution or service means that the developer will take care of the full property management services of the condominium unit after purchase. © Copyright 2020 by Dot Property Co., Ltd. All Rights Reserved. Phuket is an island, and land on any island is in limited supply. Buying a condo in Phuket is easy. Mueang is the capital district and located in the southern parts of Phuket, Phuket Town is located in this area. There are a number of real estate agents in Phuket and like in every industry, there are good ones and bad ones. This video by Chaninat & Leeds law firm discusses how there are many risks with buying a condo such as misrepresentation, and property fraud. 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. Marcus is a Swedish Engineer and previously worked as a Sales Manager within the Automotive industry in Shanghai. 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. 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. Real estate prices have increased immensely in Thailand’s major cities over the past decade. Previously, it was common that developers built large apartments and condos, with floor areas of 100 square meters or more. Rental Guarantee program applicable. 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. Patong is both a 3.5 km long beach and a town, located in the north western parts of the island. Award-Winning Developer. Penthouses in many luxury Phuket condo developments also feature a private pool, for example, Baan Mai Khao and Andara Residences. Finding real estate for sale in Phuket has never been easier.". There’s a prediction that mainly Chinese will flood the Phuket real estate market as they struggle with property prices back home. Still, many condominium projects that offer guaranteed returns are basing these largely on the short-term rental market. The best areas to buy real estate in Phuket? The market in Phuket is not cyclical. Buying condos in Thalang Hassle-free furniture. We focus on new projects only, whether for residential and for investment. Individual units can be privately purchased, but instead of being used for residential purposes, they are rented out as short-term hotel accommodation. As this market evolves, we could see many more Indian visitors, and we expect that will translate into many more Indian real estate buyers. The TwinPalms Residences are located on 300 metres of pristine Kamala beachfront in central Phuket, and contains 75 apartments. We’ve seen similar price increases in Phuket, yet, property is comparably cheap, even on the west coast. 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