What to choose: real estate from a developer or buying on the secondary market? Both options have their pros and cons. Primary Market The entire primary market can be broadly divided into two main options: Purchasing off-plan during the construction phase. Buying a completed, move-in-ready unit directly from the developer. The practice of buying and selling real estate at the pre-launch or launch...
The process of buying a villa in Phuket may seem complex and confusing, but it is actually very similar to purchasing real estate in other major international markets. Step-by-Step Process of Buying a Villa in Phuket Choosing the Right Villa Determine your ideal villa configuration, including bedroom count, architectural design, plot size, location, and nearby infrastructure. Always verify...
Buying an apartment in a condominium is the most common and accessible entry path for real estate investors in Phuket. What is a Condominium in Thailand? In Thailand, apartment room counts are defined by the number of bedrooms (e.g., a 1-bedroom apartment features two total rooms: a separate bedroom plus a living room with kitchen). A condominium (or condo) is a multi-unit residential complex situated...
The recent news about the collaboration between the Tourism Authority of Thailand (TAT) and the world-renowned Californian online booking platform Airbnb on the "Live and Work Anywhere" project has gained widespread attention and public approval. Two years have passed since the start of the COVID-19 pandemic — a turning point for the entire world that forever changed our perception of life, work, and...
The real estate and tourism markets continue to show successful results. Phuket is not only returning to pre-closure figures but significantly exceeding them. Search queries on the world-famous online booking platform Airbnb increased by 180% from 2021 to the first half of 2022. Additionally, bookings by digital nomads (remote workers) more than doubled compared to the same period in 2021. According to a...
Understanding local real estate terminology is crucial when navigating the market. Here is a comprehensive glossary of key terms you will frequently encounter when discussing property in Phuket and Thailand. Types of Property & Ownership Condo / Condominium: A multi-unit residential building where individuals own their individual apartments (units) and jointly own the common areas. This is the only...
When acquiring property, a logical question arises—how do you sell it in the future if the need arises? Selling in your home country requires thorough preparation. Selling an apartment or villa in Phuket is no exception. Below, we outline the key steps for a successful transaction. Action Plan for a Successful Sale First and foremost, you need to understand the sequence of actions. Outline the stages...
It's hard to imagine someone in the modern world for whom the word "investment" is meaningless. The truth is, investment today is not just about multiplying capital. Investment is at least about preserving funds and protecting against inflation. The world is seeking ways to avoid currency devaluation, which happens right before our eyes if we do nothing. Real estate is one of the primary and most...
Over 25 years of tourism development, arrivals at Phuket Airport have increased fivefold. In 2019, the island of eternal summer welcomed 39,916,000 tourists from around the world. The COVID-19 pandemic caused a global pause in tourism, but everything is gradually returning to normal, and the situation in Phuket is successfully recovering. In a quarter of a century, Phuket has managed to establish itself on...
The real estate market in Phuket attracts many foreign investors, and interest in this resort continues to grow each year. However, with increasing demand, some developers resort to various marketing tricks to sell properties faster and sometimes hide their shortcomings. In this article, we will examine five common tactics used by developers to attract buyers and explain how to avoid falling victim to...
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