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This article is for those considering what to do after purchasing property in Phuket. Should you manage the property yourself, sign a contract with a hotel operator, or hand it over to a real estate agency?

 Real estate prices in Thailand are relatively low compared to other popular global resorts. Small apartments in aparthotels or condominiums in Phuket can be found for $100,000 to $150,000, and villas start at $350,000. It’s best to discuss specific examples with a real estate agent to get a more accurate idea of prices.

In recent years, there has been a growing number of attractive real estate offers in Thailand for Russian citizens, particularly in the apartment sector. Most of these properties are condominiums sold with "freehold" status, meaning full ownership of the apartment. Common areas, such as hallways and lobbies, are jointly owned by the residents.

The process of purchasing property in Thailand, from selecting a property to registering the transaction, can be organized entirely remotely. We offer 8 key steps that will help you buy property in Thailand from anywhere in the world.

In Thailand, there is no bank mortgage available for non-residents. The only financial institution in Thailand that provides loans for foreigners to purchase property is the MBK Group. However, foreigners can still distribute the payment without a loan, as most developers offer installment plans, with some allowing payments to be spread over a period of up to 5 years after the project is completed. Let's take a closer look at the terms for loans and installment options for foreigners.

One of the key steps in the immigration process to Thailand is obtaining a permanent residency visa, commonly known as Permanent Residency (PR). While this term is more familiar to Eastern Europeans, in Thailand, it refers to the same type of long-term authorization.

To qualify for PR in Thailand, one of the essential requirements is to reside continuously in the country for up to three years on a non-immigrant visa (NIV). There are several types of NIVs depending on the purpose of your stay. It’s important to note that not all non-immigrant visas are eligible for PR application. For example, the student visa (commonly obtained for enrolling in a university or language school) and the retirement visa (available to wealthy individuals over 50) do not allow for a PR application. Let’s explore the types of visas that are suitable for obtaining permanent residency in Thailand.