Buying property in Thailand

Buying property in Thailand can be done in two ways. The first – sale housing in the new building during the construction phase. Second - purchase housing on the secondary market.

A feature of the real estate market in Thailand is that the cost of housing in a newly built house or settlement is always higher than similar properties in the secondary market. And this applies both to housing built 5 years ago, and 20.

However, the housing market in Phuket is so great that you can always find a suitable option for the price.
Before you make a decision about the purchase of housing under construction or already finished house, you have to determine order of purchase.

If You want to purchase a house for resale, then the best option is the purchase of real estate in the new building. Prices for real estate under construction since the beginning of construction until delivery can grow quite substantially –by 25 to 40%. However, you must understand that the new facilities are being built for 1.5-3 years and sold with renovation, but without furniture. In the secondary market (which will become the property some time later) valuable is well-furnished apartments and homes and therefore the buyer has only square meters, but also to furnish them, and consequently, its costs will increase dramatically.

Before selecting the developer try to make inquiries. Many marketing companies practice special moves. Initially, at the stage of construction the home is sold at inflated prices, and then when the house is ready arranged a "sale". And the purchase price of housing after construction is lower than that which was acted on the stages of pre-sales.

By the way please note, by purchasing a property in the building, the buyer always pays only insuredthe box. Work with agents in such a situation is contrary to the rules and regulations of doing business in the country.

If your goal is to buy house to stay in it, then the best will be to find a suitable option in the secondary market. There are several reasons. First, they often have a better location than new homes. Because they were originally built closer to the sea, while the share of new buildings had, all that was left. Second, after the first 7-10 years after the construction of housing, the cost of maintenance is reduced at least 1.5-2 times. And this despite the fact that thanks to the climate of Thailand and the management companies, the technical condition of housing during this period of time practically does not deteriorate.

Buying property in Thailand is simple and quick if the buyer knows what he wants. Working with our company, for the past several days, you will be able to see at least 10-15 options that meet your needs.