However, as you can guess, property prices will differ based on the attributes of the property and its specific location. Certainly, certain areas are more affordable. Off-plan purchases with untrustworthy developers. Unclear regulations on building heights, leading to obstructed views in the future. Foreigners facing ownership restrictions on land, often requiring complex lease structures. Foreign ownership restrictions on certain property types, like beachfront land. Not accounting for changing tourism trends impacting rental demand and returns. Failure to consider land utilities and access, hindering development plans. Avoid these mistakes. Save a lot of money. However, prices for luxury items and services can be quite high due to the high demand for these items. We don’t want this to happen to you, so we have included a full checklist for your property investment in our pack of documents. Monthly motorbike rental for easy transportation: $50. We want to show information in an easy-to-understand way.
For yields, prices and rents, check our property pack. Patong is a bustling area known for its vibrant nightlife, beautiful beach, and a wide range of entertainment and dining options. Exciting nightlife, beautiful beach, diverse dining choices. Kata offers a more relaxed atmosphere, with a stunning beach, good surfing spots, and a selection of boutique shops and restaurants. Crowded, can be noisy, high tourist density. Beautiful beach, good surfing, laid-back vibe. Limited public transport, fewer nightlife options. Karon is a family-friendly area with a long and peaceful beach, various water activities, and a good mix of affordable accommodations. Cultural experiences, historical charm, vibrant markets. Family-friendly, peaceful beach, water activities. Rawai is a quiet area popular for its seafood restaurants, easy access to nearby islands, and a relaxed pace of life. Seafood restaurants, island hopping, peaceful. Limited nightlife, not as developed as other areas. No beach, traffic congestion at times. Phuket is a popular tourist destination. Its economy is heavily reliant on tourism.
Not for the buyer, real estate agencies are paid by sellers. The price displayed on our website are including agency fees. These fees are due on the day of the transfer of ownership and are traditionally shared between the buyer and the seller. Upon resale, you will pay a tax stamp equal to 0.5% of the selling price of the property and a property tax of 3.3% in case this property has been owned for less than 5 years. Expenses vary according to the size of the residence, the level of equipment and the services in general. When buying an apartment or villa in a community, it is essential to take into account the amount of monthly charges. These fees include the maintenance of common areas and equipment (swimming pool, gym, sauna), garbage removal, security service, the operation of the condominium trustee and in some cases the maintenance of your pool.
Yes, in the case of an apartment in a condominium type residence. For this type of apartment, 49% of the total living area of the residence can be owned by foreigners in full ownership (freehold in English). Once the quota of 49% of apartments sold to foreigners in full ownership reached, it is still possible to acquire an apartment via a lease (or leasing) of long duration recorded in the land registry. In the case of a villa or residence that is not condominium type, the foreign purchaser is offered two solutions in order to access the property. The most common solution is a 30-year leasing with two renewal guarantees for a total of 90 years. When launching a new real estate project the freehold apartments are often the first ones sold. Several arrangements are possible to secure the investment. We work with law firms on a case by case basis.