Phuket Property for sale

Question 1

Buy a property in Phuket

Answer

To buy a property in Phuket – it means not only the acquisition of own comfortable holiday home, but also a profitable and wise investment. Besides that you will be able to relax when you want to, you can also rent out your property when your house or apartment is empty, and get a profit, which in time will pay your expenses for the acquisition of property in Phuket.

The ideal place to relax is the island of Phuket - it is the largest island of Thailand. The island has developed infrastructure, and the island’s flavor is so unique that even the most sophisticated tourist will appreciate that the ideal place for recreation and residence is exactly Phuket.

The climate on the island is favorable for living. The temperature throughout the year is almost constant, it remains at the average of about 27 degrees. Cleanest beaches, cool diving, unspoiled environment, the incredible beauty of nature – if you want, you can get it all in Phuket. The island's population isn’t affected by the economic and political turmoil, the island live their separate lives. Here you can relax not only with the body, but also with the soul.

If you have decided to buy a property in Phuket and plan your budget, then you should know that the prices of property in Phuket depend on the location of the acquired property, from the infrastructure, proximity to the sea and many other factors. The most popular types of real estate are villas, condos, townhouses, located near the sea. Best designers work over their interiors, the variety of forms and types of houses on Phuket will impress even the most refined buyers.

In addition to the purchase of a villa or house on Phuket, you can think about the purchase of condos in a condominium. It is reasonable to invest your money in real estate in Phuket. On the territory of the condominium there can be a private beach, a lounge-zone, a fitness center and free parking. On the island of Phuket you can buy such a property as a condo in a condominium for a reasonable low price, which will significantly reduce your costs to purchase real estate.

If you want to buy a property in Phuket at the beginning of the construction, the purchase price will be significantly lower than the price on the finished project. You can buy property in Phuket of different sizes and at very attractive prices. All the buildings are made of high quality materials and European designers work over the interior.

We have a great desire to help you buy a property in Phuket. We will help you to settle all the details of the acquisition of real estate. Therefore, so that you don’t lose your valuable time, we will solve all legal issues and professionally process the deal and save your time. We give full guarantee of the transparency of the transaction, which in turn serves as a guarantor of your financial security.

Question 2

Buy a condo in Phuket, Thailand

Answer

To buy a condo in Phuket, Thailand to foreigners has become much easier than it was before, as the construction of new apartments in Phuket is gaining momentum and there appear more and more new projects, and choice among quality housing built on modern technologies is growing. Our real estate agency in Thailand (Phuket) offers you to get acquainted with the base of Phuket real estate and is ready to choose for you any variants of condos for your budget and demand. You can select a property of any price category: from luxurious apartments located in a secluded part of the island to the apartments of economy class, which are ideal for the active young people who prefer more lively and youth areas. For seniors, we offer special investment projects in Phuket, as well as in Koh Samui and Pattaya. It’s simple to buy a condo in Thailand, if you have already decided on your budget and the place where you want to live.

Phuket has been long attracting tourists by its white sand beaches, tropical landscapes, restaurants and lively nightlife. Phuket island is a perfect place in Thailand where you can relax and get a lot of positive emotions. Apart from a short rest, you can enjoy the warm sun and the ethereal beauty of the island for a longer period, for example, if you decide to buy a condo in Phuket.

If you have decided to buy a condo in Phuket, then you should contact the experts of our real estate agency, we speak English, French, Thai and Russian. Our employees are within your budget and according to your wishes they will help you with the choice of a condo or other property. You will be provided full information support, our experts will solve the attendant legal questions, will hold a deal to buy a condo.

Whatever type of accommodation you choose to buy: a luxury apartment or a cheap condo in Phuket, you will not regret it, because the sunny weather on the island will make your stay in Phuket unforgettable.

Question 3

Review of Phuket real estate for the year of 2017

Answer

We have made a brief overview of Phuket real estate in 2017.

1. All new condos that are being built all on Phuket are smaller and look more like hotel rooms. The minimum cost of condos in the Phuket with the area from 30 m in 500-700 m from the beach with the interior trim, plumbing and built-in furniture starts from 2 million baht ($ 57,000).

2. Over the past few years among developers in Phuket there appeared large Bangkok companies with extensive experience in construction in the capital. They are actively advertising Phuket’s properties in Bangkok and sell them to the capital's residents, who are attracted to Phuket resort property with high potential for renting out the housing and with a guaranteed return on investment for a short period of time.

3. In Phuket there appear more and more offers for the purchase of condos in condohotels. The developer builds a complex of condos and gives it to the management of hotel chain. Condo owners enter into a contract with hotels for 5-10 years and receive rental income. Income can be guaranteed - 7-8% per annum or actual - 50-70% of the rental cost.

4. The developers offer interest-free installments during the construction period (1-2 years), also for finished “turnkey” housing. It’s necessary to pay 50% of the project cost and the remaining 50% can be obtained by installments up to a maximum of 5 years at 5-7% per annum. After the first payment of 50% you can use the housing and rent it out.

5. In the first place in real estate transactions in the resort area are Thai, the second are Chinese. Further, many real estate transactions take place among Asians (Hong Kong, Singapore, Malaysia, etc.). About 20% of all properties in Phuket is bought by the Europeans: the English, the Italians, the French, as well as Australians and Russian.

6. In general, in the resort real estate market of Phuket after the 2014-2015 there is a revival due to the arrival on the market of the Thais themselves, as well as Chinese and other Asians. Of great interest is the investment property in Phuket with a guaranteed rental income.

This review of Phuket real estate for 2017 was made by experts of our real estate agency, based on our experience. The trend of increase of building condominiums on Phuket is gaining a high rate.

Question 4

Ownership of property in Thailand

Answer

In Thailand, only a few state-recognized documents confirming the ownership of property in Thailand (on land or any other property) are provided.

A plot of land in the Kingdom may be registered in the document Chanote (Chanot, land register). In this case, the site owner has the right to divide the land into several parts, using the services of public or private surveyor, who will register the procedure in the Land Department of the country.

Availability of documents of lower level (Nor Sor 3, Nor Sor 3 Gor or Sor Kor 1) also allows you to divide your own site in several parts, but on condition that the Land Department will carry out its pre-geodetic marking. This procedure can take from 1 month to a year. Chanote (Chanote) is a top-level document of land use in Thailand.

It contains the following information about the plot of land: the exact size; the border area; the number of land border posts; the entire history of transactions and division of the land allotment. Chanote is the only document that gives the full right to land ownership. The rest of the papers provide only a right of managing.

Nor Sor 3 Gor is a confirmed certificate of using the land plot in Thailand.
This document has a lower status and confirms that the person mentioned in it has the right to ownership of land. It also gives the right to issue Chanote. But usually, this document is simply raised to the next level. Thus, Nor Sor 3 Gor and Chanote are the two land documents establishing the fact of the registered property rights and land tenure in the Kingdom. Exactly they can be used by investors to perform further transactions.

Nor Sor 3 is a certificate of using the land plot in Thailand.
This document is very similar to the certificate Nor Sor 3 Gor. Its presence indicates that not all the requirements for obtaining Chanote have been met, and the right of ownership is not actually confirmed. To register this plot of land to a third party, it’s necessary 30 days before the state re-registration to send the owners of the adjacent land a notice of intent. It also happens that this certificate can be reissued once in Chanote, avoiding getting the next-level document Nor Sor 3 Gor. But this is possible only in rare cases and not for all areas defined by the Land Department.

Sor Kor 1 – certificate of ownership of land in Thailand.
Document Sor Kor 1 establishes a right to own a specific plot of land. This certification doesn’t give any rights to use the land. There are also other types of land documents, but they are less common. And to understand all the intricacies of documenting transactions of land plots in Thailand only specialists can help you.

Question 5

Invest in real estate Phuket

Answer

Investing in real estate of Phuket is one of the best and most proven ways to not only maintain but also increase your savings.

Why is it worth to invest in real estate Phuket? First of all, in Phuket there is presented, perhaps, the whole range of real estate transactions, ranging from the purchase of second homes to building your own holiday apartment complexes. We should also mention that in Phuket all the necessary infrastructure for a comfortable stay is present, Thai government pays special attention to its development, first and foremost to improve the investment attractiveness of the island of Phuket. On the hotel market the world's most renowned hotel chains are presented, and the annual number of tourists in Phuket is about 10 million people.

Many people, coming to rest on Phuket, fall in love with this wonderful island and come back here again. And sooner or later, in front of them there is a question about buying property in Phuket for a comfortable stay, especially if it is not a two-week vacation, but a few months, usually winter. Phuket real estate market is so diverse that you can choose the accommodation to suit every taste, whether it be a private villa with its own pool, access to the sea and the vast green area or an apartment with a sea view in a luxury condominium with the service on the level of luxury hotels.

If desired, your already purchased property in Phuket can be rented out during your absence. Thus, your villa or apartment in Thailand in Phuket will bring you not only comfort and leisure, but also a stable monthly income.

Many investors in the property in Phuket choose another option of investing and acquire property Phuket at the stage of construction with a view to resale housing. If you prefer this option, we would still advise you to refrain from immediate sales, because with every year the cost of housing in Phuket increases by 3-7%, given the active development of most attractive coastal areas.

Another option of investment in property in Phuket is to buy a plot of land with a view to resale. Bought plot of land on Phuket can be put up for sale either in the form in which it was purchased, or after connecting communications (which amounts to about 10-15% of the value of the land itself in monetary terms). In any of these proposed options the investor is provided a decent profit because of active construction, the annual rise in price of land and the territorial limitations of the island.

Profitability at the level of 45-70% is possible with the building on purchased land plot of private villas or elite condominiums. We are happy to help you to understand the saturated market of Phuket real estate and choose your ideal investment from a variety of available offers.

Thus, investment in real estate Phuket will provide a reliable and comfortable way to preserve and increase your well-being.

Question 6

Registration of a company in Thailand

Answer

To register a company in Thailand there must be a minimum of 3 people, of which at least one – a resident of Thailand, who owns 51% stake in the authorized capital of the company. The remaining 49% of shares are owned by a foreign party.

In full accordance with the laws of Thailand, the Company's statutory enshrines the following provisions:

1. The non-resident of Thailand owns a preferred share, which has 10 votes in the decision-making at the meeting of shareholders. Residents of Thailand have one share, one vote. By virtue of that, decisions on matters within the competence of the founders are made by the holder of a preferred share.

2. Thai founding members transfer the shares by endorsement, after which you have the right to dispose of the shares at your discretion. An alternative is the transfer of the shares to other residents.

3. The head of the Company with the right of the first signature in the banks are you or any other person of your choice. The service registering your company will confirm this fact by the certificate.

Question 7

Phuket apartments in condominiums

Answer

Apartments in condominiums this is a special property in Phuket. It is a building in which small studio apartments and apartments with 1 or 2 bedrooms are located.

Villas and houses on Phuket, private houses, townhouses and cottages.
Villas and houses in Phuket, private houses, townhouses and cottages are popular types of real estate. The cost of housing will depend largely on the location, infrastructure, as well as on the area of the house and land, availability of garden, interior design, furniture, fireplace, billiard room, swimming pool and so on.

The most expensive housing in Phuket are VIP-villas. They can be with several floors, with many bedrooms, re-planning, all the amenities and even a helipad.

If you are choosing a property in Phuket for yourself, then you should pay attention to the following factors. Determine the necessary number of beds, the planned budget or the range of this budget.

Also it is necessary to determine the desired geographical location of the housing, distance from the nearest beach. You can also determine specific condos, in which housing will be located.

If you are looking for a house in Phuket, it is necessary to find out whether there is a need in the land property, the garden, the pool and other amenities.

When working with the specialists of our real estate agency, for the selection of suitable properties, , try to describe the fundamental issues as much as possible. For example, the floor, Internet, presence of additional areas for children, views, and so on. Feel free handling on the purchase of real estate in Thailand (Phuket, Pattaya, Koh Samui, Bangkok) in our real estate agency in Thailand.

Question 8

Real estate taxes in Thailand

Answer

Buying property in Thailand, you need to know about the taxes and fees that are charged when buying or selling. There are two organizations that charge fees from the owners of real estate: land and tax department. Taxes are paid by property owners, subject to profit from the real estate object.

Taxes of the Tax Department
Withholding tax is the tax paid by the seller of real estate. It is paid from the income of an individual: the tax calculation will be based on an assessment of the value of land held by the Land Department.
Withholding tax from the profit of the organization: tax calculation will be based on an assessment of the value of land held by the Land Department or the actual sale price. As a result, a larger value will be selected. The tax rate is 1%.

Taxes and fees of the Land Department
Bids of fees and taxes are independent of the legal status of the seller, i.e. physical and legal persons pay taxes and fees according to the same bids. According to the current practice, the payment of taxes is divided equally between the buyer and the seller. Taxes of the Land Department are always calculated from the value declared by the seller. If such one isn’t present, the basis is the price recorded at the Land Department to date. Land tax is calculated based on the land area of 1,600 sq.m. = 1/6 of a hectare = 1 Rai

- The fee for the transfer of ownership (TransferFee) is 2% of the declared value of the property upon registration or value of the land established by the Land Department. When transferring to rent the fee is also 1.1% of the contract sum for the entire period.

- Special business tax (SBT) is 3.3% of property value, it is applied to legal persons. It’s applied to individuals only if the period of ownership of the subject of property was less than 5 years, that is, if the object was already resold within the previous 5 years.

- Duty Stamp Fee (DutyStampFee) is charged only if the seller is not subject to tax on business (SBT). In case of ownership transfer the tax is 0.5% of the cost. When transferring lease rights the tax is 0.1%.

Question 9

The deal of buy / sale of property in Thailand

Answer

If you are planning to buy property in Thailand directly from the developer, the order of performing the purchase will be similar to the following:

1) Paying the deposit. Different companies put forward their own demands, but as a rule, the advance doesn’t exceed 100 thousand Baht. Paying it confirms the seriousness of your intentions and allows the developer to make himself secure and to pay damages in case that in the future you will give up the deal.

2) Registration of the contract of sale and purchase. As soon as the money will go to the bank account of the developer, there will start the process of concluding a contract of sale and purchase. Its duration depends only on how quickly all the parties of the deal will agree on contract terms. When all the details are clarified, and the consensus is found, the contract is subject to signing and implementation.

3) Registration of the object into the ownership at the Land and Architectural committees. This process is carried out by the developer himself. Depending on the internal procedures and the type of the acquired property, the process may take from 10 days to 1.5 months.

4) Paying the amount of residue. Once the developer receives the documents proving your ownership, he will put you a bill for the remaining value of the property. When the amount will be transferred, it can be assumed that you have become the official owner of the property in Thailand.

Question 10

Buying real estate in Phuket - Leasehold

Answer

Leasehold is a way of registration of the plot of land, including the land on which a building is located, in the long-term lease with an option to extend it for 90 years. In this case, you rent the plot of land for 30 years, and then the contract can be extended twice for a similar period. After that the land can be (and in view of the transience of human life – will need to be) re-registered to another person. Registration of transactions is performed by Phuket Land Committee. Taxes amount to just over 6%, and the registration fee - 1%, imposition - 0.1%. All the calculations are carried out of the total rent amount for the whole period. Our attorneys will make all the necessary calculations and will execute the deal. In this case, all that is required from you is to provide a certified copy of your passport and pay the agreed amount.

Question 11

Purchase of Phuket’s real estate - Freehold

Answer

Freehold is the registration of ownership of land, including the land plot under the building (construction) to the Thai company. Your share in it can’t be more than 49%, but the Thai law is not so perfect as to make it impossible to register your full ownership of the company and therefore of the plot of land.

The costs of opening the legal entity will be about 20-80 thousand Baht. Registration fee and taxes are paid at the same time and don’t exceed 6% of the appraised value of the land. Also, every year you have to bear the cost of keeping accounting and tax statements of the company, regardless of whether you are planning to conduct business in the Kingdom or not. As a rule, it is 35 thousand Baht annually. Registration of transactions is performed by Phuket Land Committee, however, you can trust the process of preparing documents and interaction with the Committee our lawyers. In this case, all that is required from you is to provide a certified copy of your passport and pay the agreed amount.

Thus, it’s possible to become a full owner of the property in Thailand, and on completely legitimate basis.

Question 12

Terms of registration of deals with real estate on Phuket

Answer

Registration of real estate into ownership in Phuket is made in the Land and Architectural committees. The term, which may be required for the documentary legalization of the deal, varies depending on the property type and internal procedures of the seller, but on average it is:

- For a condo in a condominium from the developer - from 10 days to 1.5 months;
- For a condo in a condominium from the previous owner - up to 2 months;
- For a villa, townhouse or a house - up to 3 months.

Based on this, you can plan the timing of payment and settlement.

Question 13

Prices for real estate Phuket

Answer

Considering Thailand, specifically real estate in Phuket, the prices of condos, villas and houses, you can note the attractiveness of real estate for personal residence and for investments. We will help you to understand what forms prices for real estate Phuket.

Firstly, Thailand is a country that is considered one of the best holiday destinations in the world due to its developed infrastructure, unique beaches, healthy environment and cheap prices for real estate Phuket for rent and for purchase. Phuket Island is just one of the major holiday destinations in the country. Therefore, it is the best place in Thailand for investments, which undoubtedly will have an impact in the future on the growth of Phuket real estate prices.

Secondly, to adapt in Phuket is very easy, since most of the population speaks English and other European languages. There are many restaurants of European cuisine at low prices. Thai people are very friendly to foreign tourists, crime rate is very low, due to the professional work of the police.

Third, the purchased property in Phuket can be rent out. In this case, it will bring you an annual income and a return on your investments in Thailand’s property with a guaranteed income of 5-10% per annum. If you decide to purchase several apartments or villas in the popular coastal area of Phuket at a good price, you will be able to have a decent profit on the investment. Affordable real estate Phuket is available for purchase at the initial stage of construction, after the completion of the construction the prices for constructed properties grow by at least 30%.

Considering the property in Phuket (Thailand) for purchase, in the first place it’s worth to determine its type and price. This resort can offer you the most diverse housing. Especially popular are the following kinds of it.

Studio condos in Phuket: This type of accommodation is a room with a bathroom, which will be divided into several different sectors. Typically, such housing provides special areas for kitchens, bedrooms and living rooms. Studio condos have an average area of 25-35 sq.m. Condos and apartments Phuket: they usually represent a complete housing. Such a property usually has a bathroom, a separate bedroom and a kitchen. There may also be condos with several bedrooms, a hall and a kitchen, and two bathrooms. Average area of the apartments is 35-50 sq.m.

Phuket Property for sale

Buy a property in Phuket

Phuket turnkey rental properties for sale

Phuket Real Estate Investment

Natural Green Karon Condominium

Phuket condos for sale

Phuket villas and houses for sale

How to Buy a Property in Phuket?

Buy a property in Phuket

Buy a condo in Phuket, Thailand

Review of Phuket real estate for the year of 2017

Ownership of property in Thailand

Invest in real estate Phuket

Registration of a company in Thailand

Phuket apartments in condominiums

Real estate taxes in Thailand

The deal of buy / sale of property in Thailand

Buying real estate in Phuket - Leasehold

Purchase of Phuket’s real estate - Freehold

Terms of registration of deals with real estate on Phuket

Prices for real estate Phuket

Phuket Property and Real Estate Agency

Phuket real estate agent