Although property prices have risen in Phuket over the last few years, benefiting existing owners, new buyers are faced with higher land values, which is reflected in the sales price of new villas and condominiums. However, when comparing Phuket real estate prices with other similar destinations, prices still remain extremely competitive.
Laguna Phuket is one Banyan Tree's flagship resorts, with its luxury hotels, condominiums and golf course, making the whole area of Laguna one of Asia's leadings lifestyle destinations. The area has both luxury golf view villas and condominiums, which are a must visit for would be Phuket property purchasers.
Thai Residential is one of Phuket's leading real estate agents, with a proven track record and exemplary reviews. For any buyer of Phuket real estate, Thai Residential's experience and knowledge of the local market, helps buyers to navigate the somewhat hard to understand legalities and procedures for purchasing property in Phuket successfully
Financing property for foreigners has always been difficult, but mortgages are available through a number of financial institutions, in both Thailand and Singapore. This article explorers the options and challenges foreigners face when seeking to finance their Phuket property purchase.
Retirees have been coming to Phuket for over 70 years. Today, in 2015, more and more foreigners at the retiring age are deciding to retire in Phuket. This article gives a comprehensive view on all the factors which determine whether Phuket is a great place to retire.
This article focuses on the pros and cons of the Phuket and Bangkok real estate markets. Yields for investors tend to be higher in Phuket, with less supply and a cash only market, catering for Phuket's booming tourist industry. Bankok tends to offer investors lower yields and a more volatile market as many Thai owners tend to use borrowing facilities to finance their purchase which means the market is more attuned to interest rate movements.
Gated communities attract buyers looking for excellent security and professional management teams and perhaps on-site facilities. As Phuket continues to prosper gated communities are becoming increasingly popular.
Everything you need to know about the costs when buying property in Thailand, from legal costs, goverment fees and taxes upon transfer of ownership, maintenance fees and other running costs and also the cost of utilities.
The cost of living has been rising across the world, and this has also been noticeable on Phuket Island, especially with Phuket's property market. There are many factors to consider as to why this has been occurring, and so in this article we take a look at this upward trajectory of prices and address the causes of the ever rising cost of living on this beautiful tropical island.
Phuket has become one of Asia's premier real estate investment markets. This article takes a closer look at why this has come to be, and what aspects of the sector have been the main focus of investors looking to achieve steady income, as well as capital gains.
The emerging trend of digital asset payments has led to an increase in prospective property buyers in Phuket requesting payment in crypto currencies. This trend does not seem to be abating, and so many Phuket developers are now accepting crypto currencies as a means of payment.
Every foreigner purchasing real estate in Phuket needs to understand that when they transfer money into the country of Thailand, a Foreign Exchange Transaction Form (FETF) is required for registration of ownership. The receiving bank in Thailand is fully aware of this form and will issue the FETF for the buyer so that they may present it to the Land Department on the day of transfer of ownership. This form must be kept safe by the buyer as it will also assist in transferring monies out of Thailand when the foreigner decides to sell the property.
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