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Thailand Real Estate Market in Phuket

The cost of living is always the main concern for most of us. In order to enjoy life after retirement, many people choose to migrate to other countries where the cost of living is much lower. Nowadays, this island has become an international jet-set destination. The international airport is located in the north of the island. There are many schedule flights and chartered flights from different countries in Asia, Europe and North America landing in this island. In the past 10 years, many foreigners have been returning regularly to spend part or all the year in Phuket.

Phuket is the largest island in Thailand. Its size is as big as Singapore. It is located off the west coast of Thailand in the Andaman Sea. This island is “backed up’ by its rich culture and colorful history. It has successfully attracted many tourists because of its beautiful coastline, spectacular natural sights and a wide variety of sports activities. For people who love to explore, there are dozens of smaller islands around Phuket which you can reach within a few hours of boating. You can spend your leisure time going around easily. Besides the breathtaking beaches, most of the retirees like Phuket because everything can be obtained in a convenient manner. The island is “well equipped” with international banks, shopping malls, restaurants and post offices. Both its infrastructures and local industries are well-developed. They are catered to suit foreign tastes and expectations. Almost all types of facilities we have in the city can be found in this island.

Purchasing real property in Phuket is not really hard. There is an important thing you must know. You need to understand the land law in Thailand. In this special island, foreigners are not allowed to own land. However, you have the right to own buildings. The fastest way for you to settle down is through purchasing condominium. According to the latest regulations, 49% of a condo building can be owned by foreigners. The prices of the condominiums offered in Phuket are very attractive. You can own luxurious condominiums which come with great facilities. You can enjoy sea view if you choose to buy the unit facing the ocean. You don’t need to worry so much about the investment cost. You are able to get exceptionally luxury condominiums if you have a few hundred thousand dollars. Your cost of investment can be much lower if you are looking for normal condo.

Tags: Investment, Real Property, Thailand

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