Currently, we have over 250 active sea view property listings all with proper paperwork. We classify sea view listings as having a full or partial sea view. One option is simply to acquire the land on a leasehold basis. While a leasehold may not offer direct ownership, it does offer exclusive rights to the use of that property. This would be a total lease term of 90 years. Retirees wanting to purchase a luxury holiday home may find this solution attractive. Leasehold rights are registered on the back of the title deed at the land office. Another option is to lease the land. Put the villa in your name as freehold ownership. This holding structure offers more ownership rights than a leasehold structure. You would be listed on the back of the title deed. A good local property law firm can set this up within a couple of weeks. Yet another option is the work with the developer’s ownership structure.

We have reviewed everything there is to know. Grab our guide now. This part is for you if you want to buy a property with the goal of renting it out and making money from it, rather than living there. For short-term rentals, you should target tourists and holidaymakers looking for a vacation spot. If you decide to buy and rent out to long-term tenants, you should target working professionals, couples, and families looking for a beachside property. Here is a little summary table we’ve made for you. It’s not much. These properties are in high demand due to the influx of tourists visiting the island, allowing owners to maximize their rental income. Additionally, you could rent to people who are relocating to the area for work or study. For further explanation and a more detailed breakdown, you can check the reports and analyses we have made. These are the most popular areas for short-term rentals due to the abundance of attractions and amenities.

And the reason lies that several beaches surround the island city. However, there is something more important about this night-owl city. On the other hand, this is also one of the contributing factors that stand it as the world’s most famous tourist site. Hold on; we are here for you. Do you want to get a good yield out of your investment in the market? Continue reading next. The town holds a huge significance for the tourism and real estate industry. It might be surprising, but this city hosts more than 9 million visitors alone. Once the tourists visit this heavenly place, they will surely come back. It is advantageous to invest in the real estate market of the island city because of the high returns on investment it offers. There are many reasons you could follow for that. And that’s the case with the rest of the accommodations. Investing in accommodations comes with pure rental benefits.

It means you can put the building on rent. Will have full ownership of the rent as well as the condos. Recently, its real estate industry has been booming a lot as it has experienced exponential growth in the past few years. Phuket lies in the top 10 tourist destinations globally, offering a considerable ratio of tenants. A high tourist volume will result in higher rental income for all the investors. Phuket is one of the most visited cities throughout the world in recent times and has one of the best airport facilities for international travelers. Every real estate buyer is curious about the quality of lifestyle of the place in which they are investing. Tourism not only benefits hotels, but also other types of short-term rental housing. Well if you take a glance at this vibrant city you’ll come to know that it provides top-notch educational institutions and world-class medical facilities. High-quality condominiums and villas are attractive for their high return on investment, with some developed properties achieving an annual return of 6-7%. The city also houses retired people. Phuket house sale is successful as more. Phuket’s real estate market offers promising prospects for investors in 2023. It may be possible to connect. More people are buying properties on the island. Looking forward towards 2024 it is expected that these newly built condominiums will be in high demand amongst the investors.3 million. This shift could involve a move towards inland areas due to the increasing scarcity of beachfront properties. Mr. Nattha comments. “The current recovery trajectory suggests a market ripe with opportunity, especially as we approach 2024. Without over 24,000 condos existing and an addition of further 900 at the commencement of this year, demonstrating a deliberate emphasis on the sale of current properties.