Real Estate on Phuket is booming and associated with this is a strong property rental market. Apartments, condominiums and villas. Many people buy in Phuket as an investment and look to make an immediate return through rental income whilst other people buy and make the property home for most of the year and just rent the property during high season.

Tropical Homes Real Estate is one of the leading agents in Phuket and as part of our service we also provide a professional rental service. Having developed the business in Phuket over many years we know all the major developments on the island and can therefore make recommendations on which property would best match your rental requirements.

We hope you enjoy browsing our website. If you find something of interest or even if you don’t please do give us a call, you will not be disappointed.

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Property investment in Thailand requires careful financial planning. Below you will gain an understanding of the finance options available to investors wishing to purchase property in Thailand today.

Financing your property investment in Thailand could entail injecting your own cash resources or, as most serious investors prefer, a mortgage or equity release scheme.

Traditionally foreigners have not been able to borrow money in Thailand for property purchase. However, times are changing and loans are regarded as a positive way to attract foreign investment and further boost Thailand???s growing economy.

Terms of Thai loans:
Currency – Baht (THB)
Loan to Value – Up to 80% of the valuation price
Term – 10 years

Thai banks are just beginning to regard foreigners, not as a credit risk, but as an investment opportunity and mortgages in Thailand are gradually increasing in availability.

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PHUKET : Bangkok Bank has broken ranks with the Thai banking establishment to become the first Thai bank to offer mortgages targeted firmly at foreigners wanting to buy property in Thailand.

The mortgages are fairly limited in scope “they can be applied only to condos; the buyer must come up with the first 50% of the purchase price; and the mortgage term is only 10 years “but they are being hailed as a breakthrough by property developers and real estate agents.

The inability of foreigners to get mortgages to cover home purchases in Thailand has put developers and real estate agents at a disadvantage when compared with other tropical destinations where mortgages are available.

The loans, launched quietly over the past couple of months, are available through Bangkok Bank’s branches in Singapore and Hong Kong, and will normally be denominated in US, Hong Kong or Singapore dollars. Other currencies may be considered but not baht.

In Hong Kong, where branch General Manager Phaithul Tejasakulsin said the bank has made “one or two” loans, the amount that can be borrowed ranges from HK$1 million to HK$5 million (approximately 5 million to 25 million baht). Loans are made only to Hong Kong residents.

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Phuket is undoubtedly becoming the new playground of Asia and although a small island (550 kilometers square) has every modern amenity including, international hospitals and schools, modern infrastructure and roads, broadband communications, beautiful beaches and landscape, the finest hotels and restaurants, international shopping malls, friendly welcoming people, relaxed living and little crime, and last of all a warm climate all year around. Several new marinas and golf courses are also being built.

How it works

When buying off plan (as opposed to resale property) you put down a reservation deposit to reserve the plot, Villa, Condo etc. and then usually within 30 days after seeking legal advice and contracts being vetted and due diligence carried out, you sign contracts and pay the first installment of anything between 15-30 % of the sales price and the remainder over a period in stage payments based on build completion until it is finished which is usually approximately one year hence for most developments. By buying this way you get the opportunity to buy at up to 30% or more below market value. The reason you can save so much is the developers wish to attract early buyers whom have no hurry to occupy the property but realize the benefits and significant savings of buying early. This assists the developer with early buyers’ confidence in the project and gives an injection of capital and security for the bank and aids the projects finances. It is a case of WIN, WIN for all parties! During the build stage it is normal for prices to rise substantially due to material cost rises and to en able the developer and buyer to maximize their returns. It is only right that those, whom buy first, pay less than those whom buy last.

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While the rest of the world is grappling with housing market problems, Phuket, Thailand’s biggest island in the Andaman Sea, seems to be bucking the trend in a big way.

During the past four years, Thailand faced the challenge of two major events with a potential to drive the country into ruin. The 2004 tsunami that devastated the coastal areas of Thailand, including Phuket, and the military coup that ousted a democratically elected government just two years ago, could have led to an economic catastrophe. There was concern that the thriving tourist industry would grind to a halt, bringing down with it the flourishing foreign-owned housing market.

This worry turned out to be unfounded and it seems whatever effects the two events had on the country???s economy, they were short-lived.

A robust real estate market

The Phuket luxury market is not just keeping steady in bad times, it is actually growing by leaps and bounds, according to a May article in Asia Property Report. A booming tourism industry has spurred an interest in buying vacation homes in the country. More than 5 million tourists visited the popular Thai island last year. During the same period, the number of tourists who came to the country as a whole increased by an impressive 22.5 percent.

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There are many different types of land titles in Thailand. This article will cover some of the land titles I have seen and know about here in Phuket while dealing with real estate here over the last seven years.

Sor Kor 1
A Sor Kor 1 was used a long time ago but still exists today in many places in Phuket and it Thailand. This type of title gives you the right to farm the land but not sell the land. It is very much like a right to use the land. I have heard this sometimes is also known at the possession right to use the land. Be careful buying land near this kind of land as it delays the Chanote making process by several months as I learned before because you need to get it approved by another local government office.

Por Bor Tor 5
Por Bor Tor 5 land is generally farm land or agricultural land and listing as having no owner at the local office. This kind of land has been built on in the past. It is very common here on the island here and around Phuket. The village chief is usually the one who administers and controls this land.

Por Bor Tor 6
Por Bor Tor 6 land is the documentation in order for the tax number to be given for a piece of land. This only shows the land is taxable and has nothing to do with ownership rights.

Sor Por Kor 4-01
Sor Por Kor 4-01 is land that was allotted by the land department reform committee. The idea was so poor people could have land. This land can be passed down to only direct heirs and the title cannot be bought or sold.

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The Phuket hotels and resorts guide provides a brief summary, customer ratings and reviews for hotels or resorts. Patong is the largest beach resort on Phuket, and is mostly made up of hotels, restaurants, nightclubs and various tourist attractions. Our great rates on Phuket hotels will leave you with more money to spend on having fun during your beach holiday. View each Hotels Phuket page to find guest reviews, pictures and photos and to do searches for hotels in Phuket. For others types of rooms, please use the search box and check rates for Phuket hotels. Our guide to Hotels Phuket provides a wonderful directory for helping make decisions on choosing accommodations.

Hotel Bangkok Thailand Phuket thailand hotels resorts hotel resort phuket thailand hotels resorts hotel resort , excellent accommodations, quality price. You may see below comprehensive listing of Phuket hotels sorted by price. You may also view Phuket lodgings and hotels alphabetically or Phuket hotels and rooms sorted by price. For a quick summary see the list of hotels and resorts in Phuket.

Book Phuket hotels online, plan your complete Phuket vacation or custom build your vacation package. All prices are slightly higher than in Phuket Town, and most of the hotels are quite expensive. However please note that the use of other Laguna Phuket hotels sports and leisure facilities may be restricted or subject to a charge.

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