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.