What is Commercial (Investment) Property
What is Phuket commercial property? Usually, this is a condominium that costs $100,000 and more or a villa of at least $250,000. Sometimes commercial property in Phuket implies the purchase of several objects at once, for example, an entire floor in a condominium or several villas in a cottage community. If your budget is less than $ 1 million, it is better to buy a couple of good condos or 1-2 villas included in guaranteed income programs.
Benefits of Commercial Property for Investment
Commercial property in Thailand is not only money-saving but also an investment in future income. Not fast, but stable. The commercial property available for rent in Thailand, in which you invest today, will fully pay off in about seven years. Or you may not bother with something like that, but simply resell your house or apartment after a while. Its cost grows by at least 5% annually. Despite multiple offers for guaranteed rental income, the purchase and subsequent sale of the commercial property remains a popular way to invest profitably to purchase more over time.
Earnings on Commercial Property
So, you have decided to buy a commercial property to get future earnings. How does it work? The condo means not only housing but also a comfortable infrastructure (a swimming pool, gym, etc.). Condominiums are usually located in tourist areas, a few minutes from the beaches. If you decide to buy commercial property you can participate in guaranteed income programs, which will safely provide you with about 7% of the purchase price. Programs last for several years, all this time you do not make any effort to earn money from your property as it will be done by a management company.
Commercial Property Management
To simplify a concept to the “purchase à income” formula, it is better to buy commercial property from the IBGProperty real estate agency. We are the guarantor of honest transparent transaction, we take care of legal issues, registration, approval, selection, and other issues.
FAQ
How high are the investment prospects of Phuket?
What is the tax burden on purchased property in the Kingdom of Thailand?
What is more profitable: renting out or selling commercial property?
