Relying on Tourism – How Tourism Feeds the Phuket Real Estate Market
The Phuket real estate market is inextricably linked to the levels of incoming tourists to the island. Here we discuss how tourism is a key driver of the Phuket property market.
The Phuket real estate market is inextricably linked to the levels of incoming tourists to the island. Here we discuss how tourism is a key driver of the Phuket property market.
Phuket condos offer foreigners freehold ownership in perpetuity. This is most certainly the main reason the condo market has grown significantly over the last two decades. In this article we outline the key attractions for buying a condominium on the tropical island of Phuket.
The Phuket real estate market has grown considerably over the last decade, and certainly seems to be accelerating further over the post-Covid era. These trends look likely to continue as we move into 2024.
This page covers the essential steps to know if you're a foreigner looking to buy a property in Phuket Thailand.
Patong is Phuket's number one entertainment centre and most certainly has more energy than anywhere else on the island. Its fast pace attracts by far the largest amount of tourists and so investors in property here will always see a good return on their investment.
If you love to be away from people, then Phuket’s Northeast is probably as far away from the crowds you are ever going to find on the island. The pace of development is much slower here but we are seeing the ocasional new condo or villa project appear in the area.
If you are buying land in Phuket and plan to build then you need to make sure it adheres to current zoning laws building restrictions. There are many things that can go wrong that can turn your dream villa into a nightmare.
If you are planning to invest in a Phuket condo without visiting the island, here is the ultimate guide to make sure you tick all the boxes and do things correctly. Phuket is a great place for investing in condominiums but doing things remotely from afar means you have to be a little more diligent.
Although we recommend you use an independent lawyer when purchasing Phuket property it pays to understand the importance of getting the reservation agreement correct. Here we explain the usual contents and procedures in Thailand.
With a one off fee, the Thailand Elite Residence Program gives foreigners a privilege entry visa and allows them the right to live in Thailand for periods between 5 and 20 years.
Nearly all foreigners who wish to live in a property in Thailand for the long term are unaware that a leasehold may be converted to a Special Reciprocal Contract which can guarantee them a 60 year lease term.
Owning a property through a Thai Company is perfectly fine if the company has been structured correctly and is being run as a legitimate business. More importantly, the company should have proper shareholders who are not merely nominees.
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