The Phuket real estate market has a wide range of Phuket villas for sale. Most Phuket villas come with a private pool and are usually part of a management program alleviating the potential issues of being an absentee landlord. Depending on the Phuket villa development they invariably offer a home with privacy and space in a prime location.
Phuket apartment
There are a wide range of Phuket apartment developments for sale in a number of prime locations. Ideal for holiday homes, a Phuket aparment is a popular investment for purchasers, wishing the support that a on-site management company can offer. A Phuket apartment also makes a excellant residential properties providing fantastic services and on-site security.
Luxury Phuket real estate
There are a number of top end Luxury Phuket Villas & Apartments all set in prime locations with views that you will only get once in lifetime. These properties are usually "one of a kind," custom Phuket villa & apartments that come with stunning ocean views or are beautiful beachfront properties. They may also be part of a larger first-class, five-star resort like Trisara, Jumeirah Private Island Phuket, Andara and Saisawan to name but a few.
Can Foreigners Own Land in Thailand?
Foreigners are not allowed to own land.
Long-Term Leaseholds for Phuket Property
Thailand property investors often use a pre-registered, 30 year lease to secure property. The longest a single lease can be registered in Thailand is 30 years, but you can pre-register 3 consecutive 30 year leases at once, which essentially provides a 90 year lease. Normally there is a provision written into the leasehold agreement that allows you to register another 30 year lease once the previous lease has expired. In effect, this provides a lease in perpetuity.
Some developers pass the freehold to the individual lessees once the entire development is sold out. Lessees then own an equal share in the freeholds so that they, in effect, become their own landlords.
Special Rules for Condominiums
Thailand has a “Freehold Condominium” law that makes it easier for foreigners to own a condominium. Under this law, 49% of the condominium development may be sold outright to foreigners and Thai owners hold the remaining 51%.
