The townhouse in Laguna Park is an ideal house for a small family with bedrooms and bathrooms, private parking and a small plot of land. On the ground floor of the townhouse there is a living room... Details
The Phuket real estate market has been attracting foreign entrepreneurs who want to invest in luxury townhouses in Phuket by the sea for several years now. Buying a house on a tourist island promises a stable rental income of 5-10% per annum. The decision to invest in Phuket can be justified by the following factors:
Attractive real estate prices;
Economic stability in the country;
Promising investment opportunities;
Large tourist flow.
Purchasing a townhouse in Phuket (for investment and permanent residence) is a profitable strategy that will help save an entrepreneur’s money as well as multiply their income.
Townhouse prices in Phuket, Thailand
The cost of real estate in Thailand is influenced by several factors. You can get acquainted with the factors specific to Phuket townhouses in the table below:
For foreign entrepreneurs, buying a townhouse in Phuket is a completely feasible task. Even though Thai law prohibits citizens of other countries from owning land in their own name, the Thai government still encourages foreign investment. Here are the two most common solutions to this problem:
Before purchasing real estate, the buyer can apply to the Land Department to conclude a long-term land lease agreement (up to 30 years). At the end of the term, the agreement can be easily extended.
A foreigner can register a limited liability company in Thailand that will own the land on his behalf.
Lifestyle in Phuket
Before buying a townhouse in Phuket, check out a few facts about life on this island:
The local population consists of native Thais, Thai Chinese, ethnic Malays, and Sea Gypsies. Therefore, although 95% of Thailand professes Buddhism, representatives of Islam predominate among the inhabitants of Phuket.
The main agricultural products are pineapples, palm oil, and rubber.
The island has one of the largest Buddha statues in Thailand with a height of 45 meters.
Phuket's climate is warm and humid. The highest temperatures may be experienced from March to early May and the coldest from November to February.
We will help you buy a townhouse in Phuket
Choosing a house in Thailand for investment or personal residence is a responsible step that requires a detailed analysis of the real estate market. To find the perfect option for yourself at a bargain price, contact our specialists right now.