Why Phuket real estate is a smart and reliable investment

How much does property in Phuket cost? 

Buying procedure, differences in property types (condominium, apartments, villas, houses)

Phuket is the largest island in Thailand, covering an area of approximately 543 km². 2023 shows that Phuket is no longer subject to seasonality. In August, the flow of tourists is the same as in the high season. It is provided by Chinese tourists, the flow from India, the Persian Gulf countries and the states of the southern hemisphere (Australia, South Africa, New Zealand).

Phuket will attract over 13 million tourists in 2023, according to the Tourism Authority of Thailand.

The stability of the real estate market and the country's economy as a whole.

Real estate in Phuket shows a steady increase in value, especially in the premium segment. For 5 years, the growth in the cost of apartments in the middle price range was 70-80%, in the premium segment up to 90-100%.

Asia is generally regarded as a region of stability in terms of real estate investment, with Phuket at the forefront of this trend. The Thai baht is one of the most stable currencies in Asia. One of the largest gold and foreign exchange reserves in Southeast Asia, low inflation. Thailand's economy is focused on production and the real sector, not tied to global financial markets and their shocks. Thailand is the world's leading exporter of rice, seafood and pineapples. The largest factories of automobile corporations are also located in Thailand.

There is no capital gains tax in Thailand, which makes real estate investment even more attractive.Owners pay only a fixed property tax - 0.3% of the cadastral value per year.

Growth potential.

With the growing interest in Asia as a tourist destination and the growing number of expats, the number of people who want to buy property in Phuket is expected to grow.

How much is the property worth? Now real estate prices in Thailand are much lower than in the Emirates. And the attractiveness is higher. In the desert, you can build endlessly, there is a lot of sand. And the island of Phuket is only 50 by 20 km. And a third of it is occupied by national parks. Therefore, it will not be so easy to buy housing in Phuket very soon, and the cost will only increase. Limited resource + world resort status = growth in real estate value in the long run.

Condominiums in Phuket offer a unique opportunity to purchase a fully furnished apartment with its own infrastructure. Various apartment layout options, such as studios, one-room and two-room apartments, allow you to choose the most suitable option for you and your family.

One-bedroom apartments offer more space and a separate full kitchen or living room. Some of them also have the possibility of placing an extra bed on the sofa. This property is ideal for families or stays.

Two-bedroom apartments offer a living room and two bedrooms, making them ideal for families with multiple children. All apartments are located away from the hustle and bustle, on the territory of the village, which offers its own infrastructure, including a swimming pool, shops, cafes and a kindergarten.

If you prefer more space and privacy, Phuket villas are just what you need. The villas offer luxurious accommodation with their own closed area. They feature modern layouts, spacious bedrooms, bathrooms with bathtubs and separate showers. 

On the territory of the villa you will find private parking, an outdoor terrace with sun loungers and a cozy seating area, a tropical garden and a swimming pool.

Buying a house in Phuket - what is important to know: foreign citizens are prohibited from purchasing land. However, there are two treaties that allow solving this problem. The first is a contract for the sale of the building itself, and the second is a contract for the lease of land.

Phuket offers a wide range of accommodation, from condominiums to villas, to suit the most sophisticated tastes and preferences. Don't miss the opportunity to own your own home on this beautiful island and enjoy all its amenities.

Before purchasing a home, check with the seller under what quota (local or foreign) the property is being sold. The procedure for registration of ownership and the number of required documents depend on the quota to which the object you have chosen belongs - local or foreign. According to the law, 49 percent of housing can be purchased by a foreigner in his name, while the remaining 51 percent is the quota for Thai citizens. The result of the acquisition of housing under a foreign quota is the receipt of Chanot, which means registration of ownership in the name of a foreigner.

To purchase housing under a local quota, you must register a company in Thailand, in which you will be one of the founders, and you must also be a Thai citizen. Acquired housing is registered in the name of this company. Subsequently, the Thai owner must make a relinquishment of ownership of that dwelling, as a result whereby you will become the sole owner.

To avoid misunderstandings when purchasing real estate on the secondary market, insist that the contract be drawn up not only in Thai, but also in English, with subsequent translation into your native language.

Property sales in Phuket from Mercury Group: we guarantee the security and transparency of the transaction under the guidance of experienced brokers. We will tell you about all the advantages and disadvantages of the object that you are interested in, and warn of any potential difficulties.