Buying a home in Phuket is a popular way to invest in real estate. The real estate market of Phuket is growing and according to the forecasts of expert analysts, growth will continue for at least another 8-10 years.
Why is the sale of real estate on the island so popular?
Key features
The fact is that when buying an apartment in Thailand, the owner concludes a contract with the developer and the management company. Under this agreement, the homeowner will receive a guaranteed income of 5-10% during the years stipulated in the contract. Most often, such a contract is concluded for a period of 3-10 years.
Housing in Phuket is sold fully equipped, including designer renovations and furniture packages up to the kitchen appliances.
You can buy an apartment in Phuket at the very beginning of sales - at the stage of excavation. In this case, the cost of buying an apartment in Phuket will be minimal. By the end of construction in 2-3 years, the value of real estate will grow by 20-30%.
What to consider
Buying apartments on the island is popular in the areas:
- Kata
- Karon
- Bang Tao
- Layan
- Mai Kao
- Nai Harn
- Rawai
Under the guaranteed income agreement, the management of real estate in Phuket is assumed by the management company. You do not need to worry about finding tenants, about settling and evicting guests, cleaning the apartment, minor cosmetic repairs and other issues. At the same time, you can spend a vacation in your apartment for up to 30 days a year - as a rule, this is 15 days in the low season, and the same in the high season.
Some developers when selling houses in Phuket offer the service of guaranteed redemption of an apartment after the years stipulated in the contract. That is, you buy an apartment, receive income for several years and spend a vacation in your apartment in a condo on the island of Phuket, and then sell it at the same price that you paid when buying and fully return the invested funds.
Location and infrastructure
At the same time, the purchase of housing at the construction stage is safe - over the past 10 years, 75% of objects were commissioned on time, 15% with a delay of up to 3 months, 9% with a delay of up to six months and only 1% of objects were not commissioned. To enter the real estate market in Thailand, the developer needs to prove its reliability to the Construction Department.
And the main profit the company will receive not from the sale of apartments, but from management and subsequent rental.
If you are interested in buying hotels (Phuket), if you are confused in the options offered on the market - write or call us. We will be happy to answer all your questions. we will organize a tour of the selected objects and give an objective assessment!
