Rent

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?

The Phuket real estate market has seen significant changes over the past eight years. Previously, small property management companies and private owners dominated the market, renting out apartments through personal connections, social networks, or aggregators.

Phuket remains one of the most attractive resort destinations for real estate investment. In early 2024, the real estate market on the island showed impressive results: more than 3.6 million tourists visited in the first quarter, a 30% increase compared to the same period last year. By the end of the year, tourism revenues are expected to exceed 400 billion baht, approximately 12 billion USD. These numbers highlight the incredible potential for hotel and rental property owners.

Investing in villas in Thailand is not just a profitable decision but also a strategic move for those seeking affordable housing with high return potential. Thailand, particularly the island of Phuket, stands out as one of the most attractive locations for real estate investment.

А rental pool is a profit-sharing scheme where the actual rental income is distributed between investors and the management company. The annual rental income from all the apartments in the condominium is pooled into the management company’s account and then distributed according to one of two models during the reporting period

Taxes in Thailand for foreigners depend on various factors, such as doing business, generating income in the country, purchasing real estate, and long-term stays.

Thailand's tax system is considered one of the most favorable in Southeast Asia. The tax rates on income, property ownership, and VAT are among the lowest in the region, second only to Singapore.

Thai real estate offers two main ways to generate profit: rental income and resale at a higher price. Most developers market their projects as investment properties, promising impressive rental returns and significant increases in property values. However, not all projects are as attractive as the advertisements claim. Let's take a closer look at these aspects.

The authorities of the Kingdom are preparing significant changes to real estate legislation. According to media reports, the Department of Lands in Thailand plans to present a bill to the Cabinet that would allow foreign property owners to extend the lease term on land to 99 years and increase the foreign ownership quota in condominiums to 75%.