What are New Developments and Why They are Attractive
New property development in Phuket is a common, widespread phenomenon. About 50 new projects of various classes, from a resort complex to a condominium, are built on the island each year. Investing in a new building in Phuket means investing money at the construction stage. Many investors do just that either for long-term renting for tourists or further resale, as the price of a new building in Phuket will rise immediately after the completion of construction.
Possible Risks
Although Phuket is rightfully considered one of the most proven areas for investment, and the Thai government carefully works to create a comfortable environment for investment, risks remain, including those associated with transactions with new property developments. Construction of any new buildings may stop due to inconsistencies in the project documentation or lack of funding. Plus, investors should keep in mind and pay attention to the notorious fine print and asterisked text so beloved by lawyers. However, when buying and selling new buildings, risks can be reduced to zero if you address experienced realtors who are fully conversant with the real estate market on the island and can conduct an analysis taking into account local legislation.
Benefits and Prices
Perhaps the main distinguishing feature of new developments is the price. You can save up to 30% by purchasing a home immediately after the construction company receives the documentation. It is necessary to understand that any investment, including in new buildings, implies liquidity. How are you going to make money? By resale or rental? Your investment strategy will depend on this. The long-term plan for receiving dividends from all new buildings takes 5-10 years.
Hidden Pitfalls
The crime rate in Thailand is very low. The government monitors it carefully, realizing its influence on the flow of tourists. Nevertheless, there is still the possibility of being caught in a cheat’s net when trying to buy a new house. Another pitfall is legal and linguistic issues. If you do not speak Thai or English, it’s not even worth trying to figure it out on your own and choose an object on the website for new developments. You’d better immediately contact specialists.
Most Comprehensive Database of New Developments in Phuket
In our company, you will find the most extensive database on the category “Phuket new developments”. By looking through the website for new buildings, you can get advice from a professional realtor about the long-term benefits of the project. By looking at new buildings on the map, it is impossible to assess their sustainability and the safety of investing in them. To do this, you need to know the peculiarities of the island and aspects of doing business there.
Why Choose Us
In our favor, there are 10 years of experience in this field and thousands of grateful clients who have successfully realized their dreams with the help of our company. The purchase of new buildings in Phuket or any other type of real estate with our help will not just be profitable, but also quick and easy.
Our Guarantees
We work exclusively within a legal contract, strictly observing all clauses and initial agreements. We guarantee success in meeting the challenges of tasks on time, without falling beyond the budget set by the client.
