The decision to building your own home and retire in the affordable Phuket real estate market is idealistic and serene. But it is essential to know when & where to spend. You can save yourselves money and stress if you take caution and find an experienced constructor. These tips will come in handy for the same and save you money along the way.
1. Stay legally protected
Find a lawyer within Phuket, Thailand to draw up a foolproof documentation in both Thai and English to ensure that the constructor abides by all of the agreed contractual necessities. You might also take a mobile notary public with you to Phuket real estate for sale signings. Continue reading
Staging before selling your apartment is an excellent way to make it as market-friendly as possible!
When professional stagers first look at an apartment, one of the first things they notice is what needs to be removed. They know that the bigger a room looks, the more attractive it will be to buyers. Great staging means taking away, as much as it means adding to or changing a room.
Buying a condominium is a relatively straightforward process in Thailand. But the market has many variables when it comes to each property, making it more challenging to establish the condominium fair market value. That being said, some buyers may wonder if they’re getting a fair deal their unit. If you’re shopping for Phuket condominums, here are some tips to ensure that the price you pay is fair.
Comparing comdominiums is a little easier than comparing other types of real estate. If you focus on “registered” condominiums, your agent will show you similar properties in the area based of your choice. When you compare these types of condominiums, you will see a premium for units that have sea views or are walking distance to the beach. This will give you an idea of what’s on the market and at what price.
While many pest control tasks are easy and inexpensive to do yourself, some will require the job of a pro. Most apartments in Phuket have their fair share of unwanted critters. Not only can pests leave behind toxic messes and contribute to allergies, they can potentially damage the structure of your apartment. This article will give you a guide.
Thailand is full of culture, wonder and beauty around every corner. When you’re considering a move to a new country, Thailand is often overlooked but it can be a place worth calling home and the country offers so much to the newcomer.
The Move is Easy
Making the move to Thailand can be easier than you think. With a few steps, you can not only have a beautiful place to live, but a visa that you can use to legally live here and bring all your belongings to your new home.
Finding a Home
Keep in mind that foreigners cannot purchase land in Thailand. However, there are many ways in which foreigners can structure their investment legally when buying a unit in a condominium registered building.
The purchase of a condo or apartment with a “freehold title” is available to foreigners and the Thai Condominium Act protects foreign investment.
Here in Thailand, almost all condominium buildings are constructed of concrete and steel. They use a post and beam structure of reinforced concrete with brick and mortar walls. Pilings are set deep into the ground and tie into a substructure that supports the building.
The structure of the building will last far longer than the economic life of the individual components. This type of construction is strong but the main reason they use it is because of the weather in Thailand. The question of “useful life of a Thai condominium building” sometimes comes up in conversation.
Over time, due to wear and tear, those individual components beak down and need repairs or replacement. Knowing the age of a building will give you an idea when they’ll likely need maintenance and replacements again.
Russian arrivals back to pre-ﬁnancial crisis level, as zero-baht tourism curbs Q4 growth rate
Barnett, Bill | C9 Market Update: February 2017 | Retrieved from C9 Hotelworks | File Type: PDF
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Condominium investment opportunities in Phuket, Thailand
Phuket has never had it so good and the condominium industry is booming. Every year Phuket attracts millions of tourists which has created investment opportunities for those willing to take them. The Island is well known and respected as one of the best places in the world to relax, unwind and retire.
With sun drenched beaches and a vibrant nightlife, people of all ages are attracted to this tropical paradise. This has helped increase real estate and property prices year after year and many developers are well invested in Phuket.
The popularity of Phuket
Condominium properties in Phuket continue to change hands regularly as International investors and the wealthy increasingly want a piece of Phuket. The island is popular with those looking to spend the winter in a warm and comfortable place. High season is guaranteed to bring large amounts of people flying in from Europe. And because Phuket is centrally located within Asia, it’s also very accessible for most Asian countries being just a few hours flight. Many countries have direct flights to Phuket thru it’s expanded International Airport.
Condominium Prices in Phuket
The Phuket Apartment and Condominium market is entering a growth stage. Now that people around the World regain confidence in their economy, having a holiday condo in a tropical paradise is becoming more popular. Buying a Flat in Phuket doesn’t have to be expensive and could be within reach for you and your family. Here is some insight into the Condominium prices in Phuket.
History of Phuket’s Condominium Market
At the beginning of this century, the Condo market in Phuket was very different. Today, most of the Apartments, Condominiums and Flats that are built are an answer to the growing amount of tourists looking for a luxurious holiday accommodation. In 2016, there were currently over 3,500 Condominium owners in Phuket. Phuket offers property buyers a lifestyle investment with good potential for capital appreciation.
Phukets Condominium Market
Anyone who’s bought real estate in Phuket over the last 10 years knows, the demand for property here has increased significantly. There are new condominium developments in the pipeline that aim to ensure the island’s popularity for years to come. Some areas in Phuket are still yet to be developed and represent investment opportunities.
Thailand has been an extremely popular tourist destination for decades now, attracting an astounding 28 million visitors in 2014. A growing number of people enjoy the Thai culture so much that some decide to buy an apartment or condominium in the Land of Smiles. A majority of these home buyers choose the white sandy beaches and tropical lifestyle of Phuket for investment.
The Market for Condominiums in Phuket
Phukets luxurious high end Condominiums have been in great demand in prior years. However, these units are currently not the most sought-after anymore. The average home buyer in Phuket prefers a more affordable property. Most of the Condominiums that are sold now are under the 5 million baht mark.
The effect of this trend is already visible in the new developments. Most of these are now built on a relatively smaller plot of land and a smaller unit size but with a focus on comfort and privacy. The reduced size has made these units more affordable, especially as land prices in Phuket are consistently increasing.