Condos in Patong

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Condos for sale in Patong

Patong is located on the west coast of Phuket. This spot is traditionally in high demand among tourists, so apartments in residential projects in Thailand located on one of Thailand's most famous beaches are sought after by those who are planning to relocate and those who are looking buy-to-let options. Condominiums in Patong meet all modern requirements for comfortable housing, as the development of the area began not so long ago. The demand for property is especially high during the holiday season.

Condos prices in Patong, Thailand

Apartments in a condominium in Phuket, Thailand are affordable options comparing with housing options in popular resorts in other countries:

  • a studio of about 40 m² costs about €70,000;
  • a one-bedroom apartment of approximately 45 m² are sold at the price of about €100,000;
  • Two-bedroom apartments in a condominium in Patong with a total area of more than 80 m² can cost €120,000;
  • spacious apartments with three bedrooms for foreigners cost from €200,000.

It is important to keep in mind that a real estate agencies in Thailand publish property listings with real-time prices, so it is worth checking them right before buying. The cost of real estate tends to increase and can change, as well as the offers available on the market. The demand for apartments in a condominium in Patong for investment and permanent residence is quite high, therefore the best options are sold out very quickly.

Condos for investment in Patong for foreigners

Foreigners can buy property in any part of the island. There are no territorial restrictions for non-residents. However, by law, foreigners can own no more than 49% of the area in a condominium. Therefore, it is reasonable to choose apartments in a condominium in Patong at the stage of construction. This allows you to choose the best layout, and also makes it possible to capitalize the cost of the apartment by 20-30% higher by the time the property is finished. To buy a home, a residence permit or citizenship is not required.

Buy a condo in Patong at Thailand-Real.Estate

Thailand-Real.Estate is one of the largest real estate platform where you can buy your dream property in Thailand regardless of whether you are looking for a second home or an investment option. Investing in housing in Patong is profitable solution because:

  • demand for rental property is always high;
  • high rental yields. An apartment in a condo in Patong can bring from 7 to 10% profit annually.

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