Do you want to buy property in Phuket? We will tell more about types of real estate in Thailand.
In Phuket, you will find absolutely different types of housing - apartments in condominiums, houses and villas.
A condominium or condo is an apartment building with its own infrastructure. Condo apartments in Phuket are sold with furniture, plumbing and everything you need to move in. Apartments can have different layout.
Studio is a one-room apartment (area from 19 sq. meters and more), with a small kitchen or without it, with a bathroom. All apartments in Thailand have a balcony which is very useful! How wonderful it is to enjoy a lovely morning with a cup of coffee and admire the picturesque landscapes of the island.
One-bedroom - a two-room apartment with one bedroom and a separate kitchen or living room. Often in the kitchen-living room you can place a sofa, making an extra bed.
Two-bedroom -a three-room apartment with a living room and two bedrooms. This option is usually chosen by families with several children.
All types of apartments have air conditioning, Wi-Fi, a private bathroom, mainly a shower, but a bathtub can also be installed.
One condominium may consist of several buildings. Usually the higher the floor, the higher the cost of the apartment, but it also depends on the view from the windows. Sea view automatically increases the price of an apartment in Phuket.
Condos usually have their own infrastructure - cafe, shop, parking, laundry, pool, and gym. The more amenities, the higher the price. There are condos specially oriented for living with children - with a playground, a children's pool and sometimes even with a kindergarten. The territory in the condo is always well-groomed, it is unlikely to see a snake, geckos or some other Thai animals here.
Condo apartments are the most popular type of accommodation among tourists who come to rest with their family for more than 2 weeks. Therefore, buying an apartment in a condominium and renting it out is a profitable investment.
Buying a condo in a condominium is the easiest way to purchase property in Thailand. However, there are some nuances. For example, only 49% of apartments can be bought by foreigners. Other 51% of apartments can be bought only from a Thai citizen (which significantly increases your expenses).
Phuket houses are usually located away from the most popular tourist spots, away from the hustle and bustle. Houses are often located in the village with their own infrastructure. The village has a swimming pool, shops, cafes, kindergarten, laundries.
You can buy a house in Phuket, but without land. Land by law can not belong to foreign citizens. Therefore, when buying a house in Thailand, two contracts are drawn up - sale of the building itself, and a land lease.
Villa is the same house, but with its own closed territory. This is a spacious luxurious housing with a modern layout. On the territory of the villa there is usually a private parking, a spacious outdoor terrace with sunbeds and a cozy sitting area, a tropical garden and a pool. Fully equipped kitchen, cozy stylish bedrooms, bathrooms with bathtub and separate shower. Just imagine, all this can belong to you!
The process of buying a villa as well as a house ends with the conclusion of two contracts - purchase of a building and a land contract. Despite the fact that the purchase of such types of property by law is allowed only to Thai citizens, there are opportunities to get the desired property. For example, the registration of a joint venture with land ownership. By law, you can own only 40% of the shares of such a company but your Thai partners can refuse from their rights to manage the company and real estate.
The experienced specialists of the Real Estate Gallery in Phuket will help to determine what type of real estate to choose and in what way it is better to arrange the property.
You can apply for a free consultation or a free transfer to a real estate exhibition in Phuket.
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