One out of every three new real estate purchasers in the US is either buying an investment property or holiday home.

International hotel management companies have come to realize that in order to spur chain growth and brand development they need to jump on the train of mixed use developments and tap into the lifestyle investment market.

Trisara Phuket At every corner of Asia be it St. Regis in Singapore, Bulgari in Bali, Four Seasons in Koh Samui or Banyan Tree in Phuket, brands are driving new ultra luxury hotels and resorts. What were once traditional capital appreciation offerings have now shifted gear into rental yield vehicles.

The icing on the cake is brand name appeal and ownership opportunities in some of the worlds best holiday getaways. Villas with absolute privacy, their own swimming pools and in room services from dining to spa treatments are at the top of the high end mountain.

Partnering With a Big Name

Today in Phuket there has been an evolution hotel managed projects offering ownership to individuals. Moving from the 1990′s where Amanpuri, Banyan Tree and Sheraton seeding the trend, currently branded projects range the spectrum from Raffles, Dusit, Moevenpick, Jumeirah and Taj.

Banyan Tree continues to lead the pack with the multi-million dollar Double Pool Villas along with a vast array of offerings in the Laguna Phuket integrated resort. While price ranges vary from project to project, most offerings at this end of the market are aimed at high net worth individuals and tend to average one to three million US dollars.

Spending Money to Make Money

One of Asia’s most recognized and well regarded brands Shangri La have launched their long awaited Phuket Resort and Spa at the northern end of Bangtao Bay. Coupled with the resort are fifty hotel managed villas which will be run as part of the resort and owners getting investment yields based on a revenue share.

Priced between thirty eight up to sixty million Thai baht (average price is US$1.2 million) these units have created a furor among lifestyle investors. With already a quarter of the project sold to date it appears the offering will be one of the years biggest success stories.

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The following requirements apply if you plan to bring your cat or dog into Thailand for 6 months or more by air as part of your accompanied baggage.

1) Obtain an authorization to import your pet by air. This can be done at Don Muang International Airport in Bangkok.

2) At the airport you would need to :
- Obtain an authorization form allowing to transit animals via Thailand.
- Fill out an application form for special importation.

Please be advised that you may be required to pay fees for the above applications as well as import duties on your pet. Import duties are waived if your pet will be in Thailand for less than 6 months, but you will need to fill out a guarantee form and pay a deposit at the airport.

Other requirements

1) Entry certificate signed in the country of origin by registered veterinarian , describing the age, breed, sex, color etc of your pet.

2) Rabies vaccination certificate – your pet must be vaccinated at least 15 days prior to arrival.

3) Leptospirosis vaccination certificate – your pet must be vaccinated at least 21 days prior to arrival

4) The animal must be healthy and free from any sign of infectious or contagious disease.

Keeping pets in Phuket

There are several pet shops in Phuket which supply pet food, kennels and accessories. A few also provide baths, grooming, spa and salon services for your pets. There are few dog kennels breeding quality dogs and puppies for sale and also an International dog school with multilingual training.

Dog & Cat care

If you have long haired dogs and cats you need to keep them in air-conditioning a lot of time. They can become unhealthy and lethargic if kept in the heat. Tyhey will also most likely develop heat rashes. Ticks and fleas can also be a bit of a problem in Thailand, so you should visit a vet to get your pet treated.

Maids can be a great help in taking care of your pets. However, when hiring you should make sure that the maid likes animals and is comfortable taking care of them.

For further information contact: Pet Control office, Bangkok International Airport , Arrival Lounge (counter 7 and 8).

Please cheque aboven before bringing your best friend to Thailand

Often a home buyer that is real estate agent in phuket qualified for a mortgage will find their dream home is still out of their reach. Where their dreams are shattered is in the appraisal process. When calculating loans, mortgage lenders must base the loan on the appraised real estate in thailand value of the home which can be different than the price listed by the realtor. The appraisal is just as important as your credit rating and can kill a home sale even if you are pre-qualified. Common reasons why the appraisal is different than the estimate real estate phuket include:

- There is a problem with the property villa for rent in thailand. These problems could have been unknown to the homeowner. The house could have a faulty and dangerous heating system.
- The price is not comparable to other homes in the area that are similar in age, size, neighborhood or condition.
- The home could have unintentionally been overpriced. Unfortunately, this mistake could cost you your dream home.

The Appraisal Process villa for sale in phuket
Before you start thinking of the appraisal as the Big Bad Wolf, consider that he or she must go through a process. As mentioned earlier, the neighborhood and the price of other properties that are comparable are a factor in the appraisal. The appraisal must also honestly assess villa for sale in thailand what it would cost to rebuild the home.

Usually the appraiser is selected by the mortgage loan officer. He or she will do a through inspection of the home inside and out. Research will be done on how much that home has been valued in previous years and what other homes holiday in phuket are worth in the area .

What happens if the appraisal is higher or lower than expected?
Get a copy of the report and read over it thoroughly. If the appraisal is not what you expected, you can ask for a review. Many phuket beach real estate
bank and mortgage loan officers ask for a review automatically. Your other options are:

- You can try to renegotiate the price with phuket holiday the seller.
- You can make up any differences with a larger down payment.
- Ask your lender to override the report or at least, get another opinion.

Avoiding the surprise
If for any reason you are worried about the phuket property appraisal, you can prepare and avoid the surprise of a low appraisal. Most realtors offer a Comparative Market Analysis. Known in the industry as a “comp,” this report will list recent sales or homes in the area. Just keep in mind that the report may not take into the account the uniqueness of each home and any hidden deficiencies. No report can replace phuket property sales the appraisal when it comes to applying for the mortgage.

Working with your mortgage lender
Low appraisals happen but if you are working with an phuket hotel experienced mortgage loan officer, you can avoid disaster. An phuket thai experienced lender will recognize an extremely high or low sales figure and can predict that the appraisal will likely not turn out in your favor. And if an appraisal does catch you by surprise, an experienced lender phuket patong can help you with options including obtaining a different type of loan or increasing the down payment amount. An appraisal does not have to kill your dreams of owning your perfect home.

Indigo Real Estate specializes in premium lifestyle properties. Our boutique agency was created to make your search for the perfect Phuket property easier and more effective. Our focus is mainly on the main West Coast of Phuket island, where the most scenic areas of the island like Kamala Beach, Surin Beach, Bangtao Beach, and the Laguna resort area lie, as well as the area to the north of Phuket called Natai Beach, which is known as the “Hamptons” of this region. This narrows the scope of your search for your Phuket property.

Our range of properties is extensive. From our collection, there is bound to be an ideal Phuket property that suits you perfectly. Ranging from 1-bedroom investment apartments to luxury villas, exclusive land plots, beach properties, only a small selection of what we have to offer is listed on our website. To look for that one Phuket property that meets your budget and lifestyle, please call us today for a private appointment.

We invite you to look around the web site using the search options, peruse by category and should you not find something that meets your criteria please contact us directly, we have a number of listings including discreetly marketed exclusive properties, particularly properties with a sale price above US$600,000. We also have a small number of superb building and development plots that include absolute ocean-frontage at Natai Beach just 15 minutes from the airport, plots with panoramic ocean views, individual homesites on the Kamala headland and plots that enjoy the full rolling vistas of the East coast plantations and the Islands of Phang Nga.

Bangkok Bank plans to increase its focus on the foreign property market in Phuket, a market worth 20 billion baht per year and expected to grow by 20% to 30% annually over the next three to four years.

Piya Sosothikul, a BBL executive vice-president, noted that about 250 condominium, detached home and vacation villa projects were under way in Phuket, with a market size of around 85 billion baht.

”Of this, around 80% are villas or vacation homes that typically are sold under 30-year leases. The remainder are condominiums that are usually sold on a free-hold basis,” he said.

Foreign buyers are estimated to outstrip Thai investors in Phuket by four to one, Mr Piya said, with unit sales priced from 20 million to 200 million baht.

Sales this year are estimated at around 20 billion baht, or nearly triple the turnover recorded just three years ago.

”The Phuket property market has exploded over the past five years. Previously, sales were mostly to expatriates working in Hong Kong or Singapore. Now over 70% of sales are to European customers, particularly those from England, Germany, Italy and Scandanavia,” Mr Piya said.

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Phuket is one of the last havens in the world where you can invest in property safely and receive a handsome return on capital.

There are currently over 250 new developments happening on the island (January 2008) and many more to come as the property boom here is still in its infancy. All developments are selling well and remarkable quickly and already many are sold out and the same developers moving on to new ones. Most experienced brokers and developers in Phuket see no end in sight to the property boom here and many see at least 10 years of growth ahead, if not more!

Why invest in Phuket?

Phuket is undoubtedly becoming the new playground of Asia and although a small island (550 kilometres 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.

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Phuket’s vast natural beauty and resources have paved the way for the once sleepy fishing village turned tin mining Island to transform into one of the world’s premier tourist and investment destinations today. Located off the west coast of Thailand in the Andaman Sea, Phuket is Thailand’s largest island -roughly the same size as Singapore.

With countless pristine beaches, rain forests and other natural marvels, it is not only paradise on earth, but also a lucrative investment market in terms of real estate. Millions of visitors flock to Phuket’s shores each year, creating a lively business and investment hub for punters from across Thailand and the world.

Phuket’s real estate industry, particularly the luxury residential market, has flourished over the past twenty years to reach world class standards. Areas, such as the lively town of Patong, have paved the way for the rest of the Island and a bounty of areas along both the west and east coasts continue to be lined with luxury hotels, condominiums, villas and marinas. The commercial real estate market in Phuket has also seen phenomenal growth. At the same time, officials are taking measures to ensure the natural beauty of the Island remains intact.

This growth of the real estate market has continued to stimulate the local economy and, in turn, the number of supporting businesses has risen. Basically, if you want anything from a world class diving experience or a round on a world championship golf course, to enjoying an evening of jazz or a sumptuous bowl of pasta just like it tastes in Italy, to a Shiatsu massage or hot yoga class – it’s as close to you as the nearest beach.

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