For foreigners who are planning to purchase a condominium or apartment freehold in Phuket, they can do so as long as 51% of the building’s units are Thai-owned. Now, if all of the freehold apartments that are available to foreigners have already been purchased, you could still rent an apartment for 30 years and get two possible extensions of 30 years each.
A good thing about Phuket apartments is that they are a lot easier to maintain because they usually do not have gardens. A lot of people also love the kind of social life that an apartment complex offers because of the common areas and available facilities where residents and guests can mingle.
Phuket apartments can range from the basic to the luxurious ones that come with complete facilities and property management. Today, villas that are available for rent have resort amenities as well. Buyers of these types of properties are permitted 30 or 60 days of stay annually with the unit made available for rent for the rest of the year. This could be good, particularly if you only go to the island for vacations and want to get a good return on your investment. The prices of Phuket apartments range from one million baht for basic studio units up to 40 million baht for the more opulent apartments located in Patong.
For those who are looking for an apartment that comes with a view where they can stay all year round, they could probably look into getting one that is located in the more residential areas in Phuket like Chalong, Nai Harn, Rawai, Bang Tao and Surin.
There are a lot of property options on this beautiful island. If you find yourself having a hard time looking for the best apartment to buy, you could try contacting local real estate agents who could help you out. Look for advertisements found in local media as well as those found in websites offering more information on Phuket real estate.