Thailand Property Phuket - EMDADUL HOQUE

Thailand Property Phuket

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Phuket Island

Phuket property for sale. Find your beach front property in Phuket. Phuket is Thailand’s largest island, and arguably the most famous. Blue waters, sandy beaches, spicy Thai cuisine, and excellent snorkeling and diving are all part of the appeal. Arriving from all over the world, travelers flock to Phuket for relaxation and adventure, and the island rates as one of the most popular destinations in Thailand.

One of Asia’s most popular holiday destinations, Phuket is renowned for its spectacular beaches, glorious tropical weather and a rich culture interwoven into modern day life. There are various Phuket resorts available to choose from. Due to the fact that Phuket is the largest island in Thailand. It has been a popular holiday destination for those seeking a beach escape for many years. Some visitors even make it an annual trip. This popular island directly faces the Andaman Sea. So, you can expect to be surrounded by crystal clear blue waters. Also, the other bonus of visiting Phuket is the number of small islands surrounding the main island. A short speed boat ride and you can spend the day island hopping to some of the most beautiful beaches.

Phuket has an exceptional climate with warm, sunny days year-round. Monsoon season is usually mid-May through October, but it might only rain once or twice a day during this period.

Can Foreigners Buy Property in Phuket?

Yes. Foreigners can legally buy property in Phuket. You can own units in a registered Condominium (Foreign Freehold or Leasehold), and you can buy a House, Villa or Apartment (Leasehold). Under Thai law foreign nationals are not allowed to own land in Phuket.

What is Foreign Freehold Ownership?

With regards to buying property in Phuket, Foreign Freehold ownership applies only to the purchase of Condominium unit(s) and means that as a foreigner you own the unit outright.

What is Leasehold Ownership?

Leasehold ownership applies to any non-foreign freehold units in a condominium, or an apartment, house or villa – you buy the property on a lease basis which is 30 years. The lease last for 30 years and after this time there may be an option to renew.

Where is the best place to buy property in Thailand?

Usually the most popular cities and provinces for foreign homebuyers and investors to buy real estate in Thailand are as follows:

  • Bangkok
  • Phuket
  • Pattaya
  • Chiang Mai
  • Hua Hin
  • Koh Samui

How about the rest of Thailand – Can foreigners buy property in Thailand?

The rules for buying property in Phuket are the same for the rest of Thailand.

Is Thailand good for property investment for foreigners?

Thailand is the first touristic destination of ASEAN. It has been recognised as a dreamlike destination and it is the ideal place for a property investment for foreigners. Many destinations are available and offer rental return investments, from 7% to 9% net per year.

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