Phuket Property in 2021
When you’re tired of living your 9 to 5 in a bustling city, or you’ve retired and looking for a place to call home, you might want to consider Phuket, the most popular and biggest island in Thailand.
With millions of visitors each year, Phuket is Thailand’s number one tourist draw, famous for its stunningly beautiful beaches with white sand and crystal blue waters; rainforests and lush jungle inland; and of course, the beautiful Thai culture that’s rich and enticing.
With a booming real estate market that’s seen developments for the last two decades, more and more people, both locals from other parts of Thailand, as well as foreign investors, and expats have called Phuket home. Whether you’re looking for an international holiday residence, a permanent retirement home, or a real estate investment, you’ll find your dream tropical property in this island on the Andaman Sea.
Why Buy Property in Phuket?
Phuket is Southeast Asia’s premier holiday destination. Each year, the island welcomes millions and millions of tourists from around the world who come to the island to witness the other-worldly beauty of the beaches, hidden coves, lagoons, and island archipelagos that surround the island.
While Phuket is a tropical destination renowned for its natural attractions, the island is also home to modern infrastructures and amenities, such as two international airports, esteemed international schools, high-end shopping malls, 5-star resorts, international standard hospitals, and a bustling nightlife. This is why when foreigners come to live in Phuket, either for a month or permanently, there isn’t a major culture shock since they have easy access to life’s modern luxuries.
Can Foreigners Own Property in Phuket?
Foreigners cannot own property in Phuket or anywhere in Thailand. However, they can own the right to ownership of the building that is distinct from the land, such as condominiums. Purchasing land in Phuket can only be done by a Thai national.
If you are a foreigner and want to love in Phuket permanently, it is possible with a permanent residency.
The Best Spots in Phuket
Of course, the best spots to look for property in Phuket is near the beaches. There are over 30 beaches all over Phuket, each offering its unique atmosphere and environment.
Patong, of course, is the most popular. Patong Beach is the most lively of all the beaches and is packed with restaurants, retail shops, and popular nightlife.
If you want a more relaxed area, Kata Beach is perfect for its laidback atmosphere; while Bangtao beach is a great area for families, with its coastline being the longest in Phuket, at 6km long.
If you fancy a gourmet dinner every once in a while or every night for that matter, head to Surin Beach where all the expensive hotels are found.
Properties For Sale in Phuket
If you want to own property in Phuket and you’re a foreigner, you can buy a condo to have ownership of your home. A condo at Ocean Stone, which is located on Choeng Thale, Phuket costs $363,000 for a 2-bedroom unit. You’ll have access to 24-hour security, a communal pool. gym, rooftop terrace, and best of all, it’s walking distance to Bangtao Beach.
Another property on the same area is a villa at Les Palmares Villas, which has 2 bedrooms and 3 bathrooms. This villa is also within only 3 kilometres from Bangtao Beach, has a private pool, a terrace, and a maids quarters. It offers more privacy and exclusivity than a condo. However, foreigners can’t purchase this property with their name. Foreigners can, however, rent it for $2,970 each month.
If you’re looking for a more convenient property within close distance to a popular beach area, as well as proximity to restaurants and shops, a townhouse at AP Grand Residence in Kamala offers you three bedrooms spread over three floors. It is a gated complex with 7 other townhouses and only a 5-minute drive to Kamala Beach. At $155,000 this townhouse is perfect for families, as the property is fully furnished, with a shared pool, sauna, and fitness facility. You can also rent a unit at $1,450 per month.
Phuket is a fantastic place to buy a property, whether a condo or a villa or a single-family home. You can either use your property as a holiday home, a retirement home or treat it as an investment and have it leased or rented for short-term holidaymakers.
