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The Incredible Rise in Value of Phuket Real Estate in 2023
The Incredible Rise in Value of Phuket Real Estate in 2023
As 2023 draws to a close, a trend which started shortly after Covid has seemed to accelerate over the past 12 months - property prices are rising. Barely a day goes by without someone on the island raising the price (whether new or resale) of their land, condos or villas.
Phuket Property Guide: Covid Crash – The real deal
Phuket Property Guide: Covid Crash – The real deal
In this series of articles we have presented detailed, reasoned and logical explanations for why we believe in the buoyancy of the Phuket property market, but our interpretation of real-life trends and data has been dismissed by some as self-serving propaganda for the property industry.
Phuket Property Guide: What constitutes a bargain?
Phuket Property Guide: What constitutes a bargain?
This is part five of our “COVID Crash” series, which has explored the question: Will we soon find bargains a-plenty in the Phuket real estate market? Many punters are convinced it is only a matter of time, but Phuket’s history of responding to tragedy, global financial crises and even viral epidemics makes us a bit more skeptical.
Phuket Property Guide: COVID impact and bargain hunters
Phuket Property Guide: COVID impact and bargain hunters
This is the fourth instalment on the likely impacts of the coronavirus on Phuket real estate, and why we don’t believe it will be as destructive a force as many suggest. 
Phuket Property Guide: What’s stopping a COVID property crash in Phuket?
Phuket Property Guide: What’s stopping a COVID property crash in Phuket?
This is our third article dealing with the COVID-19 coronavirus, and what we believe its impact will be on the Phuket property sector.
Phuket Property Guide: Motivated sellers in a COVID market
Phuket Property Guide: Motivated sellers in a COVID market
We ended our last article by pointing out that the current levels of stimulus being generated by countries around the world make the chance of descending into a deflationary crisis a remote one. After all, the stimulus in 2008 helped to prevent global deflation, and that was a fraction of the money being created now. While an economic recession has already started, it will not necessarily turn into widespread slashing of prices on consumer goods, or on luxury condominiums and villas in Phuket.
Phuket Property Guide: Will there really be a ‘COVID crash’ in Phuket property?
Phuket Property Guide: Will there really be a ‘COVID crash’ in Phuket property?
After expressing our initial skepticism that Phuket property prices would collapse under the weight of the COVID-19 pandemic, not everyone was convinced. After all, real estate companies around the world are somewhat notorious for “talking up” the property market regardless of the facts before our eyes.
Phuket Property Guide: Pandemic and property
Phuket Property Guide: Pandemic and property
How will the current global situation affect the Phuket property sector? Given the economic uncertainty unleashed by the COVID-19 pandemic, there seems to be a widespread belief that this should have some kind of a knock-on effect on the Phuket real estate sector. Many potential buyers see this as opportunity to hunt for bargain basement prices in the months ahead.
Phuket Property Guide: When buying off-plan, goes off
Phuket Property Guide: When buying off-plan, goes off
Our previous installment on buying condos off-plan focused on the benefits you can reap by being an early bird, snapping up the prime units before anyone else. Of course any property investment carries some level of risk, and it is important understand the potential downside to an off-plan purchase.
Phuket Property Guide: Is off-plan the right plan?
Phuket Property Guide: Is off-plan the right plan?
As with any financial decision, there are pros and cons to getting in on the ground floor. This is certainly true when buying a Phuket condominium.
Phuket Property Guide: Bungalows and villas
Phuket Property Guide: Bungalows and villas
We previously wrote in this column on how a limited Thai company can be used legitimately to buy property in Thailand. This is obviously not an issue for condominiums or certain resort-managed properties – which can be owned freehold – but a Thai entity is required to purchase landed property.
Phuket Property Guide: Earning short-term rentals – the legal way
Phuket Property Guide: Earning short-term rentals – the legal way
Investors in Phuket property are drawn to the rental yields, which can be enhanced when a professional management company is involved. Due to legal restrictions on short-term rentals by private individuals, any rental program which allows owners to capitalise on short-term holiday rentals, while offering capital appreciation for freehold ownership, is doubly attractive.
Phuket Property Guide: Owning your home through a Thai limited company
Phuket Property Guide: Owning your home through a Thai limited company
Most people know that Thai law prohibits landed property ownership by foreigners. This means neither plots of land, nor landed houses or villas may be titled in the name of a foreign national.
Phuket Property Guide: What makes a condo in Phuket?
Phuket Property Guide: What makes a condo in Phuket?
In our previous article we wrote about freehold property ownership, which is mostly limited to condominiums. Here, we go through the basics of what is defined as a condo in Thailand, and what that ownership means.
Phuket Property Guide: Getting a foothold on freehold
Phuket Property Guide: Getting a foothold on freehold
Any foreigner buying a property in Thailand must always contend with one major hurdle: they are prohibited from owning land. For the sake of clarity, this refers to any villa, estate house, shophouse or townhouse, the ownership of which is inextricably tied to the land. In other words, “landed property”.
Phuket Property Guide: Driving downward pressures
Phuket Property Guide: Driving downward pressures
While the outlook for Phuket property is generally positive, as we detailed last week, every market carries potential risks and pitfalls. This week we look at the factors that negatively affect Phuket’s property market.
Phuket Property Guide: Positives in the driving seat
Phuket Property Guide: Positives in the driving seat
The vast majority of buyers in Phuket today have a positive outlook on the property market, and it is easy to see why. It is always good to understand what influences any market, and here we examine the key drivers ahead for the Phuket real estate sector
Phuket Property Guide: Your shelter is not a tax shelter
Phuket Property Guide: Your shelter is not a tax shelter
We touched on this in our first instalment, but we’ve since had a lot of questions about why a company-owned property should create an income tax liability for you. Today we expand on this – and we hope that existing owners don’t find it too frightening.
Phuket Property Guide: The Law & Due Diligence
Phuket Property Guide: The Law & Due Diligence
Buying a property in Thailand is no different to most other countries, in that a capable legal professional is needed to guide you through the entire process. This suggestion is, of course, a no-brainer, and you’ve doubtless heard it before. But it is astounding just how people decide to ’go it alone’ or rely on a friend’s ‘expert understanding’ of Thai law when buying a property here – only to come seriously unstuck later.
Phuket Property Guide: Taking on the taxman
Phuket Property Guide: Taking on the taxman
This is the first in a series of articles on the Phuket property market, including its bear traps and pitfalls. For example: Did you know you should be paying tax on your rental income?