Property in Phuket

Frequently Asked Questions (FAQs) on Real Estate Investments in Thailand

Condominium near the beach
Condominium rendering
Q:Can foreigners invest in Thailand’s real estate?
A:Yes. Foreigners can own land and landed properties in Thailand, such as villas, on a leasehold basis. They can also own units in buildings categorized as ‘condominiums’ on a freehold basis. In fact, developers are allowed to sell up to 49% of the units in condominiums to foreigners.
To know more about leasehold and freehold ownership in Thailand, click here.
Q:What is the difference between a condominium and a villa?
A:Condominiums are properties that are very similar to apartments in structure, but are different when it comes down to ownership. An apartment is a property that can be rented, whereas a condominium is one that can only be owned.
A villa, on the contrary, is a detached or semi-detached property that is normally constructed as part of a residential estate or as a private property that stands alone.
To learn more about the differences between these two types of properties, click here.
Q:Should I buy a property directly from the developer or should I enlist the help of a property agent?
A:With in-depth industry knowledge and a wide variety of top-quality properties at their disposal, property agents are well-equipped to find the property that is just right for you.

At the same time, buying a property directly from the developer has its own benefits as you can cut down on costs, negotiate better, and get a brand new home instead of one that has been previously occupied.
Q:What are the property prices like in Phuket?
A:Here are the average prices per square meter of properties in the different neighborhoods of Phuket:
Phuket Town~ THB 65,000Patong~ THB 135,000Kamala~ THB 130,000Surin~ THB 100,000Rawai/Nai Harn~ THB 90,000Bang Tao/Layan~ THB 115,000Kata/Karon~ THB 120,000Chalong~ THB 70,000Kathu~ THB 60,000
Q:Does Thailand use a different metric system?
A:Yes, Thailand has its own metric system. Land areas are usually measured in rai (1,600 m²). Prices are usually quoted in baht per rai. Other terms worth noting are ngan (400 m²) and talang wah (4 m²). If you’re used to measuring in acres, 2.53 rai is the equivalent of 1 acre.
For more details, click here.
Q:Apart from the price of the property, what other costs are involved in the purchase?
A:Here are the costs buyers will likely incur during a property purchase:Agent FeeTransfer FeeStamp DutyWithholding TaxSinking Fund
Q:What do I have to do to purchase a property in Thailand?
A:Decide on the type of property you want to purchase and other related details.Find an agent (optional).Go on property tours.Get a pre-qualification or pre-approval for a mortgage.Negotiate.Sign a contract.Get a mortgage.Sign the Deed of Sale.
For more detailed information, click here.
Q:I am not able to fly down to Phuket to view properties. What do I do?
A:At Blue Horizon Developments, we offer virtual tours of the stunning properties around Phuket so you can make investment decisions from the comfort of your couch.
For more details, click here.

Q:Can I remotely purchase a property through Blue Horizon Developments?
A:Yes, you can! Here’s how you can purchase a property remotely with us:

Get in touch.Wait for a call from our agents.Go on virtual property tours.Select a property.Negotiate.Sign the Reservation Agreement.Make a Reservation Payment.Sign the main contract.Follow the payment schedule.Receive construction updates.Inspect the unit.Transfer of ownership.
For more details, click here.
Q:What are the different rental guarantee programs available in Phuket?
A:In Phuket, you can normally find two types of rental guarantee programs—Guaranteed Returns Program and Rental Pool Program.
Most developers in Phuket offer investors the chance to receive guaranteed returns on their property investments, which is usually between 5-10% of the original property price for up to 15 years. With the help of a management company, the developer will rent out your property, organize all technical aspects of the lease, and maintain the property.

For more details, click here.

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