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Buyer's Guide

TOP 10 REASONS TO OWN A PHUKET CONDO

When it comes to buying property in Thailand, there are several ways a non-Thai citizen can invest, including purchasing a Thai partner or a Thai Limited Company, owning a lease, or owning a freehold condominium. Under Thai law, only a condo can be owned freehold by a non-Thai citizen, as opposed to land or a house.

Investing in a condo under foreign freehold ownership in Thailand is protected by the Thailand Condominium Act (1979), making it a viable option for foreign nationals.

Here are 10 reasons why you should consider investing in a condo in Phuket:

  1. Freehold Ownership: Foreign nationals can own a condo freehold in their name in Thailand.
  2. Ease of Selling: A condo owned under foreign freehold can be sold to other foreigners or Thais.
  3. Repatriation of Funds: Proceeds from a condo sale can be sent back to your home country without hassle.
  4. Market Growth: The condo market in Phuket is expanding rapidly, with interest from local and overseas investors.
  5. Investment Return: The rental market for condos in Phuket is buoyant, with some developers offering guaranteed rental returns of 5-8% for the first 3 years.
  6. No Ownership Problems: Owning land or a house can be problematic due to legal grey areas, whereas owning a condo is straightforward.
  7. Security: Modern condo developments in Phuket have key card access, security staff, and cameras throughout for peace of mind.
  8. Fully Equipped: Condos in Phuket come equipped with swimming pools, gyms, libraries, and other amenities, often within walking distance.
  9. Hassle-free Furnishing: Condos come with basic furniture and complete furniture packages are also available.
  10. Perfect Holiday Home: Condos in Phuket are not only a good investment, but also a place to enjoy your holidays while earning rental income.

Phuket Property Group is a customer-focused real estate agency in Phuket that specializes in the sales of condos in Phuket. We offer free consultation and advice, guiding our customers through the purchasing process every step of the way.

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