How Buying Villas in Phuket Can Be An Ideal Investment?
Originally posted on January 20, 2020 @ 6:30 pm
Ever considered having your own property in the “Land of Smiles”? If you are looking to have your personal abode in Phuket, you may try going through the list of Phuket villas for sale. The island’s natural beauty and favourable climatic conditions have managed to draw in tourists from all parts of the world. A must on the bucket list of tourist destinations, many tourists come back to this place recurringly to enjoy the smiles and the weather that this island has to offer. Some stay back to revel in the luxury of the place and the simplicity of the locals that this island is much acclaimed for. They scan through the advertisements of the villas in Phuket, Thailand for sale and approach agents who can show them their choice of properties for sale.
Why Own A Property At Phuket?
An established resort destination, tourists have a wide range of properties to choose from, be it the typical Thai-styled houses complete with their sense of design and unusual architectural patterns or the spacious apartments built to cater to international taste. These may include the luxurious Phuket villas for sale or the condos and apartments constructed with state-of-the-art style and amenities suited to every need and taste. Moreover, the price at which you can buy a luxury pool villa at your choice of location in the island is much lower than what you pay for a similar property near the Mediterranean or the Caribbean islands.
Owning a poolside beach house or villa in Phuket is a dream that even an average earning person can afford. However, those looking for high-end properties can invest in the deluxe apartments or plush residential complexes where they can enjoy with their loved ones sans the hassle of noise and public scrutiny.
Know The Rules Before Investing In Phuket Properties
The property laws in this island are well-established, though it is always advisable to seek the help of registered property experts and reliable sources before entering into any agreement or making any property purchase. Availing the services of a reputed local law firm or an international law firm ensures that the purchase is smooth and that the sale agreement is as per your requirements. The ownership structures in the island are different for the foreigners than what the locals enjoy. It, thus, becomes imperative to go through the kinds of properties that you are looking for, explain what you are looking for in clear terms and check the validity and appropriateness before assenting to the purchase and drawing up a legal agreement for the same. You would find most structures either constructed within a resort or a gated community as foreigners are not allowed to invest in freehold properties, which means that the land on which your property lies would be leased to you for a maximum of 30 years. After 30 years, you may consider renewing the lease as per the terms and conditions that the local government dictates.
Earn While You Do Not Live There
The pristine blue waters and the golden beaches are a sight to behold. Many people find it difficult to resist the beauty of this island and spend their vacations here. Since renting hotels or lodges for such prolonged periods seems financially inconvenient, many of them live in villas or other accommodations on rent. This means that property owners can also earn money on the properties they have bought for themselves. Rightfully called the “Pearl of the Andaman”, investing in a Phuket villa or condo reaps more than what you spend.