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ADVANTAGES OF BUYING PROPERTY IN PHUKET

2021-10-20 10:53:54
ADVANTAGES OF BUYING PROPERTY IN PHUKET

From year to year, people from all over the world are attracted to buying real estate in Phuket. What drives their interest and desire? A small analysis of the country and some thematic aspects will help us deal with this.

Benefits of buying real estate in Phuket:

- Location

- Nature

- Climate

- Infrastructure

- Growth of tourist flow

- Government decisions to increase tourist flow (Phuket is the new shopping center of Thailand)

- Ecology

- Stable economic situation

- Standard of living

- Bonus: no tax on property ownership

Types of housing in Phuket

Apartments in a condominium - an object in an apartment building with a common area, a swimming pool, a gym and additional infrastructure depending on the class of the condominium: playgrounds and playrooms, restaurants and bars, conference rooms, a spa.
Townhouses - usually This is a building with several floors and adjacent external walls located in a gated community with a common pool and territory and all infrastructure. Here https://IBGproperty.com/condo/ is the best option to buy real estate in Phuket at a reasonable price.
Villas are a property with a closed area, detached, as a rule, with a swimming pool, a green garden. It can stand in a guarded complex or be located separately from everyone. Villas can be from 1 to 12 bedrooms or even with individual layouts in agreement with the developer.

The cost of real estate directly depends on both the type and the area, class, location, distance from the beach, view from the windows, etc.

How to buy real estate in Phuket?

Budget and purpose of buying real estate

The most important stage at which you need to sort out in order to buy real estate: future housing, investment property, subsequent resale or rent rent, or maybe temporary housing for a month during the annual vacation.

Options and viewing

At this stage, your agent will select real estate options for you based on the purpose, budget and your additional wishes and criteria

Registration of real estate

Buying a property in Phuket takes 1-3 days. In order to buy a property in Phuket, a deposit (100,000-200,000 THB) is required, thereby the buyer will confirm the reservation. After the execution and signing of the contract, it is envisaged to make the remaining payments in accordance with the individual schedule, which is fixed when the contract is signed. These can be monthly payments along with quarterly payments. Also, payments can be made at certain stages of the construction of the object.

It is noteworthy that foreigners are issued an official document on the transfer of funds to Thailand for the purchase of real estate. It may be required in case of withdrawal of funds from the country. You can easily open an account at any local bank.

Before buying a property in Phuket, please note that: in accordance with local legislation, foreigners can own a property in a condominium along with a villa, other building, however, they are not entitled to own land.It is issued in a long-term lease for up to 1080 months.

The Thai company has the right to take ownership. It will take several weeks to register a company in Thailand. As a foreigner, you can own 49% of the shares, while the rest of the interest is invariably held by the Thais. In this case, in fact, the enterprise belongs to you, you can dispose of its assets and land.

Management of your property?

Buy property in Phuket for the purpose of subsequent renting is becoming more and more popular, because the cost is growing every year. It is also popular to rent out real estate for a period while the owners are not on the island. As all the investor-owners have found out, it is quite laborious to do this on their own, so many agencies will be happy to take over the management of your objects and take care of the maintenance for 15-20% per annum. The company has its own customer base and resources to attract those, which increases the employment of your facility up to 80% per year.

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