With the fast development of the island of Phuket, it is not surprising why more and more foreign investors are looking to purchase a home on the island. If you are searching for homes in Phuket, you can look for advertisements on local publications such as the Phuket Post or the Phuket Gazette. You can also go to the websites of various local realtors for properties that are available. If you are not able to find a home that suits your taste and your budget, you can ask the help of your real estate agent to look around for one that would fit your needs. Among the better real estate companies would be Siam Real Estate and Phuket One Real Estate.
The best thing to do, still, if you are planning to buy a Phuket home would be to spend a good amount of time on the island and figure out where you really want to have your home on. You can also ask yourself as to what your home would be for. Are you going to live in it or would it be up for rent?
For example, if you are planning to buy a home in Phuket for investment purposes, then you must know that homes located in the tourist areas of Phuket are rented out more often and more easily and for a higher price. However, if you would actually be living in the home you would be buying then you might want to choose one that is located in an area that has less traffic such as the residential areas of Chalong and Phuket City.
Now, if you would be living in the home that you would be purchasing and you have children, then you might want to consider the distance of your home from the international and bilingual schools on the island. As a matter of fact, a lot of people buy homes which are near the British Curriculum International School for this reason.
You would also need to consider the distance of your home to the airport. A lot of Phuket’s residents are those who work in Hong Kong or in other parts of Southeast Asia during weekdays and just fly home during the weekend. For these people, time is precious and having to drive for an hour to get home from the airport might not be a very appealing idea. If this the case for you, you might want to consider getting a home in the Cherng Talay, Laguna and Surin areas, although homes in these places are usually more expensive.
Now, if you are not able to see a home that you like, you could always just buy a piece of land and build a home according to your specifications. Although this could be cheaper, you might end up with more stress as good builders could be difficult to find on the island. You might also find yourself having a hard time communicating what you want with your contractor.
Keep in mind that if you are a foreign citizen, you could purchase the house under the name of your Thai partner or through forming a Thai company, in which you own only 49% of the shares. Before purchasing any real estate property, try consulting with a lawyer familiar with Thai laws to be informed of all the legal matters associated with purchasing Phuket real estate.