Picture a place with powdered sugar beaches, forested hills and majestic rock formations rising from the sea, where the people are friendly and the weather is flawless. That place is Phuket—Thailand’s largest island and one of the world’s most alluring tropical destinations. Phuket villas, apartments, condominums, bungalows, and land sell briskly as both the wealthy and the regular investor eagerly seek out the best Thailand properties. The Thailand real estate market, and Phuket real estate in particular, has matured over the last dozen years as the steadily improving infrastructure lends itself to a better and better quality of life.
Types of Real Estate In Phuket
As in other Thailand real estate markets, Phuket properties offer choices to suit every taste and budget. Phuket land , bungalows, apartments and condos offer surprisingly reasonable entry prices, while wealthier investors have a myriad of choices for luxury villas and houses. Phuket offers choices of sea frontage, secluded lagoons, and breathtaking hilltop locations. There is truly something for every Thailand property investor.
Where Should Your Phuket Property Be Located?
Many of Phuket’s residents work all over Southeast Asia, so travel time is an important consideration when buying Phuket real estate. If you travel frequently, you may want to consider the distance to Phuket International Airport, located on the Northwest coast of the island. Southern parts of the island, such as Patong, Kata, Chalong and Nai Harn boast beautiful beaches and many fine restaurants, but they are also up to an hour away from the airport. Greater Laguna, Kathu and the Boat Lagoon areas offer easier airport accessibility.
Picking The Right Phuket Property
Before you fall in love with a particular Phuket property development, you should consider the reputation and professionalism of the developer. You should also seek advice on the ownership laws and structures for owning land and property in Thailand. Only Thai nationals can own land, but the legal structure for Thailand apartment or condominium properties allows foreign ownership of up to 49 per cent of the building. For stand-alone developments such as villas, houses or bungalows, a complex company structure and lease of freehold agreement is usually used.You should work with an experienced property sales company such as Tropical Homes Real Estate to assure a worry-free and satisfying buying experience.
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