Warning!
Always contact a lawyer before buying or leasing a property
or land in Phuket. I recommend International Law Office
which have good reputation here. Don't trust agencies or brokers. |
This is just a quick
guide to give you a broad overview about the property market in
Phuket and what's available. . Click here
for Phuket Real Estate agencies
Most apartments in
Patong is located at Nanai road, Sai Nam Yen or Phisitkaranee Road.
The price ranges between 3500 baht for a simple room without aircon
to 18,000 baht for a two story building apartment with two bedrooms,
kitchen and aircon. The rental price for normal houses is around
10-15,000 baht/month, without furniture. Ofcourse the price is different
for luxurius vacation houses with swimming pool, eg. 25-45,000 baht/month.
A two storey house
in Phuket Town can be found for 4500 baht/month and a shophouse
for commercial business for 7000 baht/month. Phuket Town is generally
speaking cheaper than Patong beach.
Phuket
apartments for sale
Foreigners can't own
land in Thailand so in most cases you will buy a condominium where
foreigners are allowed to own 49% of the society. In Patong we have
Patong condotel, Patong tower, Phuket Palace among other places.
Price from 700,000 baht and up.
Phuket
house for sale
In most cases you
need to lease the land / house since you are not allowed to own
land in Thailand, such leases usually last for 30+30+30 years. Another
aproach may be to register a company who owns the land. There are
lot of housing projects around Phuket, from 1,5 million baht up
to high end market at 45-50 million baht.
Phuket
land for sale
Land prices has been
increasing in Phuket during the years, expect to pay around 2 million
baht per rai (1600 m2) in south Phuket. Make sure you get a proper
land title deed.
Ownership
Foreigners may own:
- A unit in a registered condominium
- A building (as distinct from
it's land)
- A registered leasehold of up
to 30 years for all types of titled land (and/or buildings). However
with appropriate extension and purchase options a 30 year lease
can become tantamount to freehold purchase.
Foreigners may not own:
- Freehold land
- More than 49% of the shares
in a Thai company that owns freehold land
Measurements
in Thailand
Land is measured in Rai, Ngan and
Wah.
1 Rai = 4 Ngan (or 1600 Sq.m.)
1 Ngan = 100 Wah (or 400 Sq.m.)
1 Wah = 4 Sq.m.
1 Acre = 2.5 Rai
1 Hectare = 6.25 Rai
Metric measures are usually
used in the construction and measurement of buildings. Land prices
are usually expressed in Baht per Rai or (for smaller plots) Baht
per Wah.
Phuket
Real Estate Agencies / Villa developers
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