Foreigners can purchase real estate in Phuket in the form of freehold (full ownership) or leasehold (long-term lease). Apartments in condominiums can be formalized as freehold if foreigners own no more than 49% of the building, or as lisgold for 30 years with the possibility of renewal. Purchase through a limited liability company is also available.

A lisgold property in Phuket can be sold or rented out. Although foreigners cannot own land under Thai law, they can own properties built on the land. To build a house in their own name, they only need to apply for a building permit.

The average cost of real estate in Phuket varies greatly depending on the type of property and its location. For example, prices for studios start from $90,000, while villas in upscale areas such as Kamala can go up to $760,000. The average price per square meter is around 113,000 Thai Baht (approximately $3,140)

Prices also vary by neighborhood: for example, more affordable options can be found in Patong, where prices start from $60,000 per apartment.

Bang Tao is Phuket's most famous beach with developed infrastructure and active life. Phuket Lagoon in the northwest is known for luxury hotels and villas. Also popular are the beaches of Kamala, Karon, Surin, Nai Harn and Patong, where condominiums are being actively built, interesting both for investors and for living. Real estate prices are rising due to the shortage of land.

Villas, condominiums and apartments are popular in Phuket. Villas attract with spacious plots, private pools, gardens and sea views, ideal for privacy and comfort. The condominiums and penthouses are equipped with top-notch amenities such as swimming pools, gyms and 24-hour security. Some units also offer management companies, spas, tennis courts and direct beach access.

Phuket attracts investors due to its developing infrastructure, international medical standards and picturesque beaches. The year-round tourist season provides stable rental income. Additional pluses are low taxes, rising real estate prices due to limited land and flexible forms of ownership.

Yes, renting a property in Phuket is a lucrative investment. Due to the year-round tourist season, the demand for rentals here is stable. Many projects offer a guaranteed yield of 7-10%, and management companies fully service the property. Also, owners can use the property for personal vacations for 2-4 weeks a year without loss of income

Phuket real estate can be rented all year round due to the stable climate and constant flow of tourists. The high season, from October to April, attracts more tourists because of the comfortable weather. In the low season, from May to September, short rains do not reduce the demand for rentals, especially among those who prefer a quieter vacation.

No, Thai banks do not provide mortgage loans to non-resident foreigners. However, installment loans from developers are available to buyers, which makes purchasing a property more affordable. We work with developers who offer favorable installment terms, which can be a great alternative to a mortgage.

Buying real estate in Thailand does not entitle you to citizenship. Foreigners can apply for citizenship under a number of conditions: residence in the country for at least 5 years, permanent employment, marriage to a Thai citizen or the birth of a child in the country. When obtaining citizenship, it is required to renounce the previous citizenship, as Thailand does not recognize dual citizenship.