Buying a Property in Thailand – Phuket

Phuket has for more than 15 years now continued to be the ‘pearl of the Andaman’ and the jewel in Thailand’s tourist crown attracting cliental looking to enjoy the delights of year round tropical living and a relaxing lifestyle. Phuket  is Thailand’s premier vacation and second home destination for international clients looking to share in the enjoyment of living in Paradise and wonderful lifestyle .

Even in difficult times and there has been several over the years, Phuket has been the first market in Thailand to bounce back leading the way with investor confidence and robust growth given its international diversity, stunning coast lines, beaches and crystal blue waters of the Andaman, many 5star hotels and resorts as well as luxurious residences.

With this point in mind, Phuket continues to attract an increasing number of foreign buyers and investors to the local property market. Strong interest from British, German and Scandinavian nationals as well as international expats from Hong Kong, Singapore and the rest of Asia can be seen buying here. Predominately searching for a holiday home when visiting from Europe and a winter getaway, as well as astute investors on the look out for strong rental returns and capital appreciation in the years ahead.

New projects continue to launch albeit at a slower rate in today’s market and there is a increasing number of re-sales coming onto the market, offering buyers a great variety of property, from small condominiums to sea-view or beachfront villas within resort developments.

Prices are starting to reflect the wider global economic conditions and buyer/investor sentiment but as the market hasn’t relied on buyer financing  through banks hence prices haven’t been dropping as quickly as elsewhere but it is a buyers market with a great deal of choice and the ability to ‘negotiate’ being the norm at this time.

That said since values for high-end quality properties in good locations will not fall as there is still interest from buyers.

The purchase of a property in a foreign country is undoubtedly an important decision which is also tied to a significant investment and therefore requires a reliable and active estate agent and sound advice.

ENGEL & VÖLKERS, being one of the world’s leading estate agent’s, would be delighted to help you find your dream property in Phuket ensuring that our clients are provided with all the local knowledge and professional support that can only come from a global leader taking the worry out of buying a property through ensuring that clients have access to developers and legal advice as well as knowing that we at E&V also take care in the listing of properties.

Our experience and knowledge with regard to the property business will help us provide you with the best advice during the purchase of your property.

If you are searching for luxury property as a 2nd home, or a investment property that delivers strong return properties or long term rental in Phuket, Krabi or Phang Nga please contact us on +66 (0) 76 271 751 or visit us at our shop. We will be glad to assist you with your search.

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