Main opportunities of Phuket Real Estate Market
Opportunities of lease or purchase of property in Phuket are not limited in any aspects f this question. It is quite simple to find "a house of your dream", if you identify the goals, objectives and search parameters in a proper way.
Real Estate in Phuket can be classified into the following categories:
- Real estate for rent or sale. The choice of this criterion depends primarily on your personal needs and financial opportunities. If the property is needed for entrepreneurial activities, for example, a small office, then there is not much point in buying the property until the business prospects are clear. If we consider buying a property for spending a winter vacation, then its purchase will be justified, because in the summer months there is a great opportunity of getting good rental income which will allow obtaining a quick return of investment from leasing out apartments or villas in Phuket.
- Residential or commercial property. The variety of real estate In Phuket is huge. Here you can find options from a small studio to luxury villas, real palaces, located in the midst of Phuket nature paradise. There are also a lot of other types: apartments, townhouses, penthouses. Taking into consideration your personal preferences, you can always find something for yourself, for leasing out or resale, including different combinations. The same situation appears when we mention business property in Phuket – warehouses, offices, production facilities or service companies can also be rented or purchased.
- For personal needs or making a profit. Such a classification is a part of any other category, because any building, premises or plots of land may serve one of these purposes, or even both. Reduction of monthly operating expenses due to the increase in capital investment or vice versa – this problem should be solved in a personal manner. If we consider the area of Patong and the dynamics of prices in this segment, we see a fivefold increase in the value of the land which inadvertently leads to a reflection on the prospects. Your head is becoming full of terms like "return on investment", "dividend", and others. Even professionals may not predict the change of prices. Having a stable source of income and need for buying a property in a country with soft climate, there is no need to bother about such difficult predictions, as financial indicators. You can simply find and buy what you need, using professional services, such as “Phuket Buy House”.
- Under construction or fully commissioned property. In this case it is highly recommended to estimate the risk-profit ratio. It is better to follow the same principle – entrust this important choice to a qualified person with good experience. So it is better to consult those people who do it professionally – for example, our company. We take full responsibility not only for actions but also for advice. We provide transaction support and manage all the required procedures.
- Equipped or “shell and core” property. The basic part of villas and apartments in Phuket belongs to the first type. It concerns not only housing for rent but also apartments, houses, cottages and even commercial properties for sale. It is often offered to purchase the building along with a ready-made business. The benefit of making an independent choice concerning issues of repair, improvement and furniture purchase looks quite obvious. Although it is recommended to consider the cost designer’ services, the logistics costs of purchase and transportation, and time expenditures. You need to make a detailed estimation, whether it all costs your personal time, efforts and possible loss in the quality of the work.
If you cannot quickly find answers to all questions that arise when buying and selling a property in Phuket – we are ready to provide our professional assistance. Our specialists render full support of transactions, starting from delivering detailed information about the property, the competent and affordable consulting services, and finally making all legal arrangements. Our level appraisal of the situation and a detailed search for the optimal solution make us the best professionals in this area.