Phuket

turfsire · #1 26-10-2006, 06:17

looking to buy a cheap studio apartment,and looking for a cheap price in the region of 11,00 euro to 16,000 euro
if u buy property for that money do u own that for life and how safe would the area be..alot of questions ..just asking because i seen some prices in that region for that money',, any feedback would be great
thanks

stevem · #2 26-10-2006, 06:22

Quote:

Originally Posted by turfsire

looking to buy a cheap studio apartment,and looking for a cheap price in the region of 11,00 euro to 16,000 euro
if u buy property for that money do u own that for life and how safe would the area be..alot of questions ..just asking because i seen some prices in that region for that money',, any feedback would be great
thanks

Just to set the scene fully, are you talking about Phuket???

turfsire · #3 26-10-2006, 06:38

Quote:

Originally Posted by stevem

Just to set the scene fully, are you talking about Phuket???

yeah any where in phunket
i know diffent placesare going to be cheaper than others but phuket or around it

K2 · #4 26-10-2006, 07:20

Hi turfsire welcome to the board....

For 700K THB which is ~15K EUR you wont get much in Patong. Appartments aimed at foreigners now start at ~2 mil THB.

Still if you look across the island you maybe able to find soemthing very basic for this budget. If it is a condo in an appartment that is at least 50% owned by Thai then you can buy outright. (Foriegners cannot own land).

Only area that would say is outright unsafe is area around deep sea port in Phuket City.

turfsire · #5 26-10-2006, 07:32

Quote:

Originally Posted by K2

Hi turfsire welcome to the board....

For 700K THB which is ~15K EUR you wont get much in Patong. Appartments aimed at foreigners now start at ~2 mil THB.

Still if you look across the island you maybe able to find soemthing very basic for this budget. If it is a condo in an appartment that is at least 50% owned by Thai then you can buy outright. (Foriegners cannot own land).

Only area that would say is outright unsafe is area around deep sea port in Phuket City.

so if i bought on the main land it could be cheaper im lookong for something i cud own ..property u buy how long do u own it for and that would be my question ,theyve been offers for studio apartments for 12,000 euro how do they stand if i buy them..
thaanks

K2 · #6 26-10-2006, 08:12

Quote:

Originally Posted by turfsire

so if i bought on the main land it could be cheaper im lookong for something i cud own ..property u buy how long do u own it for and that would be my question ,theyve been offers for studio apartments for 12,000 euro how do they stand if i buy them..
thaanks

I would not know about condo market in Phang Nga - (mainland province adjoining Phuket) - but in general if you buy a condo that is in a block that is more than 50% Thai owned - you can buy a condo outright for ever (in the remaining 49%).

turfsire · #7 26-10-2006, 08:30

what would be the cheapest on the market to buy right out like a studio that i could renovate?

LivinLOS · #8 26-10-2006, 10:02

Why do you wish to own ??

Remember this is a 3rd world country.. We just had another coup.. Laws are all against you.. You have less rights than a Thai at every turn..

People back in the west have had a long property run.. They seem to think the rest of the world property is a good investment.. Those things to not necessarily hold true.

turfsire · #9 26-10-2006, 10:15

im lokking to buy something cheap to live my life out on give it up to ever as long as i have a roof over my head ..i'll live like any other person do my visa correct.. and find a cheap place and live in it and it fix it up..is that not possible.
let me know what do i have going and what i could get?

JayBee · #10 26-10-2006, 10:20

Quote:

Originally Posted by turfsire

im lokking to buy something cheap to live my life out on

How much longer are you going to live?

Quote:

Originally Posted by turfsire

let me know what do i have going and what i could get?

May I suggest that you consult a good realty agent?

landofsmiles · #11 26-10-2006, 10:30

Really cannot see the point in buying property here and tieing up your money when renting is SO CHEAP and gives you the freedom to move around if you wish and the landlord/lady is responsible for the maintenance of the property.

stevem · #12 26-10-2006, 10:33

You need to read and research the laws for farang buying/owing real estate and also visa rules.

Do a search on this board and browse thru the expat forum. Until you understand these issues, you should not be thinking about going forward.

LivinLOS · #13 26-10-2006, 10:48

Come live here in rental (cheaper than buying by far) for min of 3 years.. If after 3 years local knowledge you still wish to buy.. Then go ahead and you will be armed with the pitfalls and the rose tinted glasses will have worn off..

You can rent for 10 - 15k per month.. All the freedom to move, leave, explore, not owrry, etc... why buy ??