Phuket Property Location Location Location – Part 2
As you know, it’s important to understand a little about the different areas. Find out which places suit your investment plan and lifestyle, and the sort of prices you should be paying. As you probably know, its central location on the west coast means it’s convenient for the airport (around 35 minutes). Patong is most popular with singles. Many prefer to stay in an apartment rather than a hotel, so rental returns tend to be good as occupancy rates are high. You won’t find many larger two bedroom apartments unless you buy off plan. Couples on short breaks. You should be able make some good capital gains if you buy the right property in this area. It wouldn’t be at the top of my list for investment property, but it is ideal for a holiday home. Tri-Trang was off most people’s radar until recently. Most of the available apartments are set back from the beach by about 500 metres in high-rise blocks. If you want an ocean view you need to be on the higher floors (obviously). Your view won’t be great; a panoramic view of the town with a slither of ocean at the top. Many people find it quite charming, all the same. But rental yields are good with high occupancy rates all year round. So today it’s hard to find new property launches in the area and villas are in short supply. The area is quiet. It’s located in the centre of a national park so land near the beach is protected. Popular with expats. You’ll find plenty of foreign owned businesses; restaurants, bars, bakeries and shops.
These are premium seafront properties that take you to the sea within a few minutes with multiple recreational facilities ingrained within the complex. If it is luxury that is on your mind, then you have the option of large seaside condos with splendid view of the sea and panoramic view that will keep you rooted there or a villa that you can boast by the beach. So when on holiday, you get the option to spend your days in the luxury of the managed apartment that you own as well as savor the beach view. The properties are made with the international customer in mind. Boasts of the latest gadgets that are ingrained into the interiors for optimal comfort. The interiors, of course, offer a carefree living option during your holidays. Also, there are options for retirement visas that support the long stay of the visitors in their tropical home once you own one such property. Most of the leading agencies that deal with such property sale have host of facilities for the foreign buyers primary of which is the legal assistance that you may need in making such deals. With an encouragement on tourism, the government has several options open before the interested buyer to invite her or him to buy any such property.
With two of the most renowned beaches in the world, and the lush green to complement the ambience, it hardly looks like an island. There are small condos for those looking for very private holiday time as well as the large designer condos for those that prefer to live life king-size. For those of you who are inclined to enjoy life at your own pace, there are also properties around the beaches that are built for sale. The ideal location is best suited for those of you wish to return to your beach home any time of the year that you wish to. The best part of these properties is that irrespective of their sizes, they are located within walking distance of the beach. Builders take care to provide designed interiors that are suited to normal western life. There are some single bedroomed apartments that are specifically built by the developers on these lines for the westerner to savor the best of both worlds.
However, foreign nationals do have the right to the ownership of buildings distinct from the land such as condominiums. A building distinct from its land. A registered leasehold of up to 30 years for all types of titled land or buildings. Freehold land. See lawyers below. You should clearly indicate the payment purpose on the payment order form in the field for a message for the beneficiary, including the name of the condominium and the unit number. Relatively straightforward. Long term leasehold can be structured to be tantamount to freehold ownership. Registered leaseholds are secure. Typically, the land is leased for a period of 30 years, renewable a further two times giving a total of 90 years. Security of the possession of land is assured by the fact that you are the legal owner of the buildings which occupy the land. The land will be owned by the company. However, as managing director of the company, you control the voting of the other shares, and therefore you have control over the ownership of the land. She could, however, still retain land that she owned prior to marrying the foreigner.