Investment in Phuket real estate is witnessing a remarkable surge, driven by geopolitical tensions and a shift in buyer demographics. The island, long favoured by foreign investors, has seen real estate sales double from 1,500 units in 2022 to over 3,000 in 2023, with no signs of slowing down. Key Takeaways Real estate sales in Phuket have doubled in a year. Increased competition from both local and...
Koh Samui, a stunning island in Thailand, is famous for its beautiful beaches and vibrant lifestyle. If you're looking to invest in beachfront properties, this island offers numerous options. From lively areas filled with restaurants and nightlife to serene spots perfect for relaxation, there's something for everyone. In this article, we’ll explore the best beachfront locations on the island where you...
The Thai property sector is currently facing a multitude of economic challenges that are hindering its growth potential. Factors such as rising interest rates, inflation, and a sluggish global economy are contributing to a cautious market environment, affecting both developers and buyers alike. Key Takeaways Rising interest rates are increasing borrowing costs for potential homebuyers. Inflation is...
Phuket, a beautiful island in Thailand, is a top choice for those looking to buy property. With its stunning beaches and vibrant culture, it attracts many buyers, whether for a holiday home or an investment. This guide will help you navigate the property market, understand legal aspects, and find the right type of property for your needs. Key Takeaways Phuket has a wide range of properties, from luxurious...
Several properties in Chiang Mai have been confiscated after being linked to Chinese nominees, as the local government intensifies efforts to regulate foreign ownership in the real estate market. This crackdown follows a surge in Chinese investment in the region, leading to concerns over legal compliance and the rights of Thai citizens. Key Takeaways Chiang Mai authorities confiscated properties linked to...
Watch This Episode: Our Phuket Real Estate Podcast Our podcast covers all the topics for property investors looking at buying real estate in Thailand. Understanding property taxes in Phuket is essential for anyone looking to buy or invest in real estate. This guide will break down the important aspects of property taxes, making it easier for you to navigate the complexities...
Phuket, a stunning island in Thailand, is a dream destination for many. With its beautiful beaches, lush hills, and vibrant city life, it offers something for everyone. Whether you’re looking for a luxurious villa, a peaceful retreat, or a smart investment, Phuket’s real estate market has it all. This article will guide you through the prime locations, unique architectural designs, high-end amenities,...
Phuket is witnessing a surge in foreign millionaires, particularly from Russia, Ukraine, and Europe, seeking to invest in real estate. This trend is driven by geopolitical tensions and the allure of Phuket as a prime location for long-term stays and education for their children. In response, Asset Wise Public Company Limited (ASW) has announced the launch of four new projects, aiming to capture a larger...
Proud Real Estate Public Company Limited has made a significant stride in Thailand’s property development sector by achieving Fitwel certification for its InterContinental Residences Hua Hin project. This certification underscores the company’s commitment to enhancing resident well-being and promoting sustainable living practices. Key Takeaways Fitwel Certification: The InterContinental Residences Hua...
Buying a villa in Thailand can be an exciting adventure, but it often comes with its own set of challenges, especially regarding costs and legal requirements. This guide aims to provide you with helpful tips to reduce your initial expenses and streamline the buying process. With the right knowledge and strategies, you can turn your dream of owning a villa in Thailand into a reality. Key...
Watch This Episode: Our Phuket Real Estate Podcast Our podcast covers all the topics for property investors looking at buying real estate in Thailand. Buying an apartment in Phuket can be an exciting adventure. This beautiful island is not only known for its stunning beaches and vibrant culture but also offers a variety of properties to suit different lifestyles and budgets. However,...
The Thai property sector is facing a significant crisis, with unsold housing stock valued at a staggering THB1.6 trillion. Industry experts convened at a recent forum to discuss the implications of this growing issue and the future of the real estate market in Thailand. Key Takeaways Unsold housing stock has reached THB1.57 trillion, nearly double the figure from a decade ago. The number of unsold units...
