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.
When a property is purchased, there are some taxes and transfer fees that must be paid by the buyer or seller.
Transferring Fee: For a period of 1 year beginning April 2008, property transfer fees have been reduced from 2% to 0.01% of the registered value of the property. This is paid at the Land Office on the day of transfer of ownership. The buyer is usually responsible for this fee.
Stamp duty: .5% of the appraised value of the property or the purchasing price, whichever is higher. The seller is usually responsible for this fee.
Specific Business Tax (SBT): From April 2008 for 1 year the SBT has been reduced from 3.3% to 0.1% of the appraised or actual price of the property, whichever is higher. This tax is imposed only if the property is transferred less than five years after it is purchased (if the SBT is levied, stamp duty will not have to be paid).
