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The real estate market in Phuket has experienced a significant boom, with property prices rising by 15-20% over the past few years. This surge has attracted a large number of foreign investors, particularly from Russia, leading to suspicions of money laundering and other illegal activities. Key Takeaways Real estate prices in Phuket have increased by 15-20% in recent years. A significant number of foreign...

Koh Samui, an idyllic island in the Gulf of Thailand, has become a hotspot for real estate investors. With its stunning beaches, tropical climate, and laid-back lifestyle, the island offers not only a high quality of life but also lucrative investment opportunities. The booming tourism industry, coupled with rapidly developing infrastructure, makes Koh Samui a promising market for both rental yields and...

Phuket officials have been directed by national Ombudsman Songsak Saicheua to address the issue of foreigners using nominees to own land, a practice that poses significant economic and social risks to Thailand. Key Takeaways National Ombudsman Songsak Saicheua has ordered Phuket officials to tackle the issue of foreign land ownership through nominees. The practice is widespread and poses economic and...

To ensure your Koh Samui experience is truly exceptional, consider renting a private villa. It’s the ideal way to immerse yourself in the island’s luxury, tranquility, and authenticity. But with a multitude of options available, choosing the perfect villa for rent can be a daunting task. Explore our comprehensive guide designed to assist you in selecting the finest Koh Samui villas for rent. Key...

Phuket, with its stunning beaches, vibrant culture, and welcoming community, is a dream destination for many. For foreigners looking to invest in property here, understanding the local real estate landscape is crucial. This comprehensive guide aims to demystify the process of buying property in Phuket, ensuring that you make informed decisions and secure your ideal home with ease. Key...

Phuket's real estate market has experienced a significant surge in prices, driven by increasing demand from foreign nationals. However, this boom has also raised concerns about potential money laundering activities. Key Takeaways Real estate prices in Phuket have risen by 15-20% in recent years. The influx of affluent foreign buyers, particularly Russians, is a major factor. Authorities are...

Phuket, Thailand, with its stunning beaches and vibrant culture, is a dream destination for many looking to buy property. However, navigating the real estate market in Phuket can be challenging, especially for foreigners. This guide will provide you with essential tips to help you find the best houses for sale in Phuket, ensuring a smooth and successful purchase. Key Takeaways Seek the most effective...

Thai police have charged over 100 individuals, including 67 Russians, suspected of violating business laws in Phuket. This crackdown targets the multi-million-dollar property sector, which has seen a surge in prices since Russians began arriving in large numbers following their government's invasion of Ukraine. Key Takeaways Over 100 individuals charged, including 67 Russians. Surge in property...

The Thai property market has experienced a notable decline in the first quarter of 2024, with residential property transfers dropping by 13% compared to the same period last year. This marks the lowest level of transferred units since 2018, reflecting a significant slowdown in demand. Key Takeaways Residential property transfers in Thailand dropped by 13% in the first quarter of 2024, indicating a...

Discovering your dream home in Phuket, Thailand, is an exciting venture that offers a blend of luxury, comfort, and a sound investment. This tropical paradise, known for its pristine beaches and vibrant culture, presents a unique opportunity for those looking to invest in a villa. Whether you're drawn to the island's strong real estate market growth, its luxurious lifestyle, or the long-term investment...