Cape Panwa in Phuket, Thailand: the hidden luxury of the island
Cape Panwa is located in the Wichit region, spanning from Kathu in the west to the cape of the same name on the east coast. It is an ideal destination for a peaceful and secluded holiday without the need for frequent travel.
Patong in Phuket, Thailand: the “Russian destination” and centre of nightlife
Patong is widely recognised as the main centre of nightlife in Phuket and a symbol of Thai tourism. During the day, it is a quiet town on the west coast, nestled around a bay. As night falls, Patong transforms into a bustling hub of entertainment, with bars, cafes, tourist shops, massage parlours, and barbershops opening up on every corner.
Phuket property prices in 2024
Thailand has an important place in the Asia-Pacific region. In the past, the economic growth in the area was associated with the rise of so-called Asian Tigers: Singapore, Hong Kong, South Korea and Taiwan. While the development potential of the former four countries has already reached its limits, Thailand still has the prospects for the future growth.
Phuket property investment in 2024
The trend of Chinese and Western investors looking to buy property in Thailand has been steadily increasing in 2022. Investor demand has focused on the country's resort areas, particularly Phuket, but the purpose of purchase has changed from leisure to investment.
Property investment in Thailand for foreigners in 2024
Thailand is rightly regarded as one of the best countries for property investment in Asia, and an excellent alternative to Europe and the Middle East. The Thai market offers investments without the extremes of gambling with a high jackpot and risk, or purely protective investments where the millions of pounds invested will certainly not burn out, but the returns won't be substantial.
Tranio case: buying an investment property in Phuket
Over the past few decades, Thailand has become a reference of a paradise for living and leisure. White sandy beaches, the azure waters of the Indian Ocean, tropical flora and incredible natural landscapes together with the ancient history and friendly temper of the locals are contrasted with the daily life of the residents of the northern countries.
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International Schools in Phuket
A quality education is a decisive factor for foreign families considering a move to another country. In this regard, Phuket is the only tropical resort in Thailand suitable for extended family stays.
Data: In H1 2023, demand for real estate in Thailand has grown among investors from China, USA, and European countries
Official data released by the Government Housing Bank (GHB) in June 2023 indicates a significant increase in the purchase of apartments in Thailand by foreigners in Q1 2023. Compared to Q1 2022, there has been a 79.2% rise in the number of units bought, with a total of 3,775 apartments purchased.
Mortgage in Thailand: interest rates for foreigners in 2024
"Thai banks do not provide mortgage loans to non-residents. What’s more, foreign nationals can´t get a bank loan for any purpose. There is only one legal way for them to finance their property purchases in the country, which is through the MBK Group," said Nikita Shcherbina, Director of the East-West Realtors Group, Tranio's partner in Thailand.
Which rental strategy is more lucrative in Phuket: guaranteed yield or rental pool?
Resort investment properties in Phuket can generate high rental yields of 5–9% per annum for their owners.
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Thailand real estate prices in 2024
According to the Bank of Thailand, over the past 10 years (from 2012 to 2022), housing prices in the country have been steadily rising by 1–10% per year.
Property management in Thailand in 2024
The maintenance of an apartment in a resort complex in Thailand costs about 1,950 US dollars per year. The exact amount depends on the area size of housing and the infrastructure of a residential complex itself, as well as on regional tariffs and the consumption of resources and services.
Tourism in Thailand: types, features, and know-hows
Thailand is one of the most popular holiday destinations in Southeast Asia. According to the Thai Ministry of tourism and sports, more than 11 million tourists from all over the world visited Thailand in 2022.
Russian-speaking buyers of overseas real estate – 2023
As of the beginning of 2023, the activity of Russian-speaking property buyers in various foreign countries has more than doubled compared to activity levels at the beginning of 2022.
Statistics: In 2022, Russians bought up thousands of apartments in Turkey, Georgia, and Dubai
The authorities of Turkey and Georgia reported a record number of real estate deals concluded by Russians in these countries during the 12 and 9 months of 2022, respectively. The high activity of buyers from Russia was noted by official sources from Thailand and Spain based on the data on registration of ownership rights in 2022.