What is Condominium
A condominium is a very popular Thai phenomenon. A condominium or, as it is commonly shortened, a condo in Phuket is a residential building run by an outsourcing company or company established during the period of construction. All condo owners in Phuket sign an agreement on the use of common property, pay the condo fee, water and electricity bills. All other operations related to the condo in Phuket are handled by a management company, including apartment cleaning services.
Main Features of Condo
An important feature of a condo in Phuket is that the management company can manage your property in your absence in terms of property maintenance. For example, you are going to leave the country for a year and wish to rent out your condo in Phuket. You inform the manager of the company about this and pay a certain percentage of the rental price. After that, you don’t have to worry about anything. All operations with the condominium in Thailand will be taken over by the management company. They will find tenants, help them to settle there, evict them, take meter readings and provide things like cleaning and laundry service.
Condominium for Sale
Buying a condo in Phuket is a great decision. The specificities in the legal system of the country are such that foreigners can acquire this type of real estate without restriction. The only thing is that the number of housing owned by foreigners cannot exceed 49% in one condominium in Thailand. At the same time, buying a condominium in Thailand is very profitable, the choice is enormous, from extremely budget and modest options to obscenely luxurious, located in the most popular places in the Kingdom.
Condo for Rent
If you can’t buy a condo in Thailand yet, use the opportunity of rental. The peculiarity of this deal is the fluctuating price. Some indicators are constant (infrastructure, distance from the sea, and the window view do not change), but the season and rental period change. It is worth considering: when renting a condo in Thailand you usually make a deposit in the amount of a monthly fee. Rental condominiums do not have free Wi-Fi.
Condominium for Investment
Buying a condo in Phuket as an investment project is possible if you act wisely. Not all condos will be in demand by tourists, it is not worth investing money in them to further rent out.
Sale Value of Condominiums in Phuket Island
In Patong, the very heart of Phuket, a one-bedroom condo will cost about $ 80,000. A westernized version with three bedrooms costs $ 1.5 million. To buy a condominium in Phuket, not overpay, and get your money’s worth, you should choose an object based on the district.
Phuket Regions offering Condominium
It only makes sense to buy a condo in Patong if you are going to rent it out to tourists. The district is noisy and crowded. The most promising area is the central part of the island, Chalong. Ready-made condos are quite expensive there, the cost starts from $ 280,000 for a 1-room condo, but a huge number of condos are under construction. If you want to spend a vacation in the purchased condo, we recommend you the excellent beach in the Bang Tao area.
Our Advantages
Selling condominiums is our job. We guarantee the delivery of stated results. We work in strict compliance with the contract. We provide advisory services to the client throughout all stages.
FAQ
Is it possible to buy a condo remotely?
