Real Estate and Construction with full property management services, including house & land sales on Ko Samui
Phuket Property
Phuket property is booming, despite the tightened ownership regulations and the uncertainty that followed the 2006 coup. Properties in Phuket continue to change hands regularly as international investors from Europe and America and the wealthy increasingly want a ’piece of Phuket’. Although it has slowed down, investing on Phuket is continuing to growing with more developments emerging. Phuket is considered relatively safe when it comes to your money, with long-term returns encouraging. Accessibility, location, style and size however, are all important when investing in Phuket properties.
Phuket’s days of being the undiscovered paradise are long gone. Common prices for properties range from 5 million to a 20 million baht, depending on location and size. Compared to the rest of Thailand entry level into Phuket property isn’t cheap, the investing here is far more up-market and tasteful. As Phuket boasts a higher standard than anywhere else in Thailand, with good infrastructure and demand from the wealthy; many investors have seen profitable gains in the mid or even short term. An important factor affecting the local market is that only Thai nationals can own land. The general legal structure used for condo developments allows foreign ownership of up-to 49 per cent of the building, but for stand alone developments like villas, a company structure or 30 year lease arrangement is used. It is important to note, that a foreigner can never legally own the land.