Buying a Property in Phuket
Phuket is one of the largest islands in Thailand, and is located some 860 kilometers from the south of Bangkok in the tropical Sea of Andaman on the western coast of Thailand. The Magnificent Island is sizeable at 570 square kilometers. From top to bottom it’s 48 kilometers in length, and is around 21 kilometers wide, but this heavenly place can be easily explored by road. This paradise attracts tourists from all over the world, it is also one of the eminent places where people want to buying a property in phuket and holiday retreats due to the islands sheer beauty.
The property market in Phuket is booming, everyone wants a place of their own on this magnificent island. Properties in Phuket continue to change hands on a regular basis as high-end investors and international buyers increasingly want a piece of Phuket. For preeminent investors with genuine interests of development on the back of a maturing and dynamic infrastructure, Phuket has become the perfect tropical destination.
Acquiring property in Phuket isn’t cheap, even at the basic entry level. Real Estate investment in Phuket is simply up-market and exceedingly tasteful and is bound to grow with the exceeding developments that keep on emerging. Phuket is a safe haven when it comes to investing money in real estate, and long-term returns on properties are really encouraging. The most important factors that one should consider while investing in Phuket real estate properties are location, style, accessibility and size.
Potential investors who are looking at acquiring properties in Phuket should take considerable time to familiarize with the local situation and market, the Thai property ownership laws, and other relevant structures in particular. The biggest factor of all and perhaps one of the most important one, which simply influences the property market is that only a Thai national can own piece of land. But there are other legal ways of buying a property in phuket as foreigners and stylish condo developments even allow foreign free hold ownership .
To summarize, as an investor it pays to be an investor in the booming property market of Phuket. The magnificent island offers you incredible monetary returns and a stylish living standard.