Can foreign nationals buy property in Patong?

Foreign nationals can buy property in Thailand, choosing either freehold or leasehold as the form of ownership. Apartments in condominiums can be freehold (fully owned), provided that foreign nationals own no more than 49% of the area in this condominium, or leasehold (rented for long terms). When interested in buying property in Thailand , the foreign investor has two options: having a villa on leasehold for 30 years (the term can be renewed twice) or purchasing the property through a limited company.

Can foreign nationals own real estate in Patong?

Apartments in condominiums can be freehold (fully owned) or leasehold (rented for long terms). Leasehold property may be sold or leased. Foreign nationals are not allowed to own land in Thailand by law but can own property built on the land plot. One only has to apply for a construction permit to build a house in one’s own name.

What is the average cost of property in Patong?

The cost of property in Patong varies from 87,000 € to 6,390,000 €. The average price per square meter in Patong — $3,920. Now we have 130 offers of property in Patong.

}What are the best types of property in Patong?

The following property types are popular in Patong: houses , condos , apartments . Most villas in Phuket have spacious rooms and large outdoor areas that feature swimming pools, gardens, and great views. Most condos and penthouses are fully equipped with top-notch facilities, such as shared pools, gyms and round-the clock security. Some condos and penthouses are hotel managed, have their own spas, tennis courts, and direct beach access.

Why should I invest in Patong?

The reasons for investing in Phuket property are the following: Patong being the most popular resort on the island of Phuket, the local accommodation is almost always in high demand. Investors looking to rent out their properties can benefit from this. Affordable property prices and the demand is continuously high. Property prices in Phuket are not as high as in the other Asian tourist destinations. The proximity of the airport - is only an hour away from Patong.

Is it possible to earn on residential rentals in Patong?

Real estate in Patong is in great demand among tourists and buyers. With the year-round tourist season you can have a great rental income. There are many projects with guaranteed returns of 7–10%. Management companies provide full property maintenance service You can also use your property as a holiday home for 2–4 weeks a year without losing income.

For how long can I rent my property out in Patong?

Phuket has a year-round tourist season. October through April is the high season without rains, when most tourists arrive. May through September is the low season, which is characterised by short tropical rains, but even during this time the air temperature does not drop below 30 degrees.

Can foreign nationals get a mortgage in Thailand?

Thai banks do not provide mortgage loans to non-residents in Thailand. Moreover, foreign nationals can´t get a bank loan for any purpose.

Can a foreigner get Thai citizenship?

Permanent residents can apply for citizenship. Thailand citizenship allows you to buy property, own any business and apply for any kind of job. You can apply for Thai citizenship: residence in Thailand for at least five years; permanent employment; to be married to a citizen of this country; your baby was born in Thailand. Children born to parents with Thai citizenship automatically get citizenship regardless of where they were born. In order to obtain Thai citizenship, you must renounce your current nationality.

What are the tax rates in Thailand?

When selling a freehold property, the stamp duty is 0.5% of the assessed value or sale price, depending on which is higher. If you sell a freehold property within five years of buying it, you will be subject to a business tax of 3.3%. The seller also pays a real estate sale tax at a rate of 1% (when being a legal entity) or a withholding tax calculated at a progressive rate up to 35% (when being an individual). When owning and renting real estate the tax rate is generally 15%, except for the dividend tax rate, which is of 10%, while other rates may apply under the provisions of a double tax treaty (DTT). There is no general property tax in Thailand. On January 1, 2020, a new tax regulation in regard to property ownership, rent and lease was introduced. Residential buildings valued at not over ฿10 M where the residents are registered are not taxable. Apartments or houses with a hotel license are considered commercial real estate and taxed at a rate starting from 0.3% of the cost.

Patong Beach Real Estate - Property for Sale in Patong

Cozy furnished cottage for sale in Patong, Phuket, Thailand with a balcony, a jacuzzi and a view of the bay, near a beach for $270,000

Cozy furnished cottage for sale in Patong, Phuket, Thailand with a balcony, a jacuzzi and a view of the bay, near a beach

$270,000

Total area 60 m²1 bedroom

60 m², 1 bedroom, detached house

Patong Beach, Kathu, Phuket, Thailand

$270,000

Two-storey villa for sale in Patong, Phuket, Thailand with pool and stunning sea views for $1,068,000

Sea view

Two-storey villa for sale in Patong, Phuket, Thailand with pool and stunning sea views

$1,068,000

Total area 354 m²2 bedrooms3 bathrooms

354 m², 2 bedrooms, villa

Patong Beach, Kathu, Phuket, Thailand

$1,068,000

Golden Visa

Two comfortable apartments in one building in the city center with a yield of 5,3%, Agios Nikolaos subway station, Athens, Greece

$283,000

Total area: 152 m² 5 bedrooms 2 bathrooms

Luxury villa for sale in Patong, Phuket, Thailand with a swimming pool for $3,971,000

Sea view

Luxury villa for sale in Patong, Phuket, Thailand with a swimming pool

$3,971,000

Total area 1,900 m²1 bedroom7 bathrooms

1,900 m², 1 bedroom, villa

Patong Beach, Kathu, Phuket, Thailand

$3,971,000

Modern comfortable apartment with a panoramic bay view in a residence with a pool, a sauna and a parking, Patong, Thailand for $739,000

Modern comfortable apartment with a panoramic bay view in a residence with a pool, a sauna and a parking, Patong, Thailand

$739,000

Total area 157 m²3 bedrooms3 bathrooms

157 m², 3 bedrooms, apartment

Patong Beach, Kathu, Phuket, Thailand

4 floor

$739,000 $4,707 per m²

Studio, total 29,5 sqm, for resale in the new project at Patong beach for $130,000

Studio, total 29,5 sqm, for resale in the new project at Patong beach

$130,000

Total area 30 m²1 bedroom1 bathroom

30 m², 1 bedroom, apartment

Patong Beach, Kathu, Phuket, Thailand

3 floor of 7

$130,000 $4,333 per m²

Luxury villa with Jacuzzi enjoying stunning sea views, just a ten-minute walk from Patong beach, Phuket, Thailand for $1,734,000

Sea view

Luxury villa with Jacuzzi enjoying stunning sea views, just a ten-minute walk from Patong beach, Phuket, Thailand

$1,734,000

Total area 541 m²Land area: 1,283 m²5 bedrooms5 bathrooms

541 m², 5 bedrooms, villa + plot 1,283 m²

Patong Beach, Kathu, Phuket, Thailand

$1,734,000

Four bedroom-villa with a pool and terraces enjoying beautiful sea views, Patong, Phuket, Thailand for $2,456,000

Sea view

Four bedroom-villa with a pool and terraces enjoying beautiful sea views, Patong, Phuket, Thailand

$2,456,000

Total area 420 m²4 bedrooms4 bathrooms

420 m², 4 bedrooms, villa

Patong Beach, Kathu, Phuket, Thailand

$2,456,000

Spacious villa with a pool and terrace facing the sea, located near Patong beach, Phuket, Thailand for $1,354,000

Sea view

Spacious villa with a pool and terrace facing the sea, located near Patong beach, Phuket, Thailand

$1,354,000

Total area 320 m²Land area: 666 m²3 bedrooms3 bathrooms

320 m², 3 bedrooms, villa + plot 666 m²

Patong Beach, Kathu, Phuket, Thailand

$1,354,000

Spacious and airy apartment enjoying a bay view, in residential development with a pool, gym and car parks, Patong, Phuket, Thailand for $747,000

Spacious and airy apartment enjoying a bay view, in residential development with a pool, gym and car parks, Patong, Phuket, Thailand

$747,000

Total area 222 m²1 bedroom2 bathrooms

222 m², 1 bedroom, apartment

Patong Beach, Kathu, Phuket, Thailand

$747,000 $3,364 per m²

Stylish five-bedroom villa enjoying stunning views of the bay, Patong, Phuket, Thailand for $1,983,000

Sea view

Stylish five-bedroom villa enjoying stunning views of the bay, Patong, Phuket, Thailand

$1,983,000

Total area 625 m²5 bedrooms5 bathrooms

625 m², 5 bedrooms, villa

Patong Beach, Kathu, Phuket, Thailand

$1,983,000

Comfortable villa for a large family with stunning sea views, Patong, Phuket, Thailand for $1,968,000

Comfortable villa for a large family with stunning sea views, Patong, Phuket, Thailand

$1,968,000

Total area 467 m²4 bedrooms5 bathrooms

467 m², 4 bedrooms, villa

Patong Beach, Kathu, Phuket, Thailand

$1,968,000

Ocean view villa. Five bedrooms and 880 sq. m living area for $3,630,000

Sea view

Ocean view villa. Five bedrooms and 880 sq. m living area

$3,630,000

Total area 880 m²Land area: 1,608 m²5 bedrooms5 bathrooms

880 m², 5 bedrooms, villa + plot 1,608 m²

Patong Beach, Kathu, Phuket, Thailand

$3,630,000

Pool villa overlooking the tranquil blue seas of Patong Bay for $1,639,000

Sea view

Pool villa overlooking the tranquil blue seas of Patong Bay

$1,639,000

Total area 710 m²Land area: 600 m²4 bedrooms6 bathrooms

710 m², 4 bedrooms, villa + plot 600 m²

Patong Beach, Kathu, Phuket, Thailand

$1,639,000

Three bedroom villa 50m away from Patong beach for $1,722,000

Sea view

Three bedroom villa 50m away from Patong beach

$1,722,000

Total area 176 m²Land area: 320 m²3 bedrooms3 bathrooms

176 m², 3 bedrooms, villa + plot 320 m²

Patong Beach, Kathu, Phuket, Thailand

$1,722,000

Cozy house with a swimming pool and Jacuzzi, located in a peaceful gated community near Patong beach, Phuket, Thailand for $610,000

With swimming pool

Cozy house with a swimming pool and Jacuzzi, located in a peaceful gated community near Patong beach, Phuket, Thailand

$610,000

Total area 145 m²4 bedrooms5 bathrooms

145 m², 4 bedrooms, townhome

Patong Beach, Kathu, Phuket, Thailand

$610,000

Freehold fully furnished condo at a 4-star beachfront resort in Patong for $174,000

investment with 8%p.a. return

Freehold fully furnished condo at a 4-star beachfront resort in Patong

$174,000

Total area 45 m²1 bedroom1 bathroom

45 m², 1 bedroom, condo

Patong Beach, Kathu, Phuket, Thailand

2 floor of 7

$174,000 $3,866 per m²

Elite villa with a terrace, sea views, a pool and a garden in a guarded urbanization, near the beach, Phatong, Thailand for $3,200,000

Sea view

Elite villa with a terrace, sea views, a pool and a garden in a guarded urbanization, near the beach, Phatong, Thailand

$3,200,000

Total area 1,000 m²Land area: 1,300 m²6 bedrooms7 bathrooms

1,000 m², 6 bedrooms, villa + plot 1,300 m²

Patong Beach, Kathu, Phuket, Thailand

$3,200,000

Villa with a terrace, a pool and a spacious plot in a modern residence, Patong, Thailand for $6,390,000

Villa with a terrace, a pool and a spacious plot in a modern residence, Patong, Thailand

$6,390,000

Total area 500 m²Land area: 1,600 m²6 bedrooms7 bathrooms

500 m², 6 bedrooms, villa + plot 1,600 m²

Patong Beach, Kathu, Phuket, Thailand

$6,390,000

Fully furnished modern family condo in Patong for $88,000

investment with 8% p.a. return

Fully furnished modern family condo in Patong

$88,000

Total area 39 m²1 bedroom1 bathroom

39 m², 1 bedroom, condo

Patong Beach, Kathu, Phuket, Thailand

4 floor of 7

$88,000 $2,256 per m²

Freehold fully furnished condominium with a big private jacuzzi at a 4-star beachfront resort in Patong for $191,000

Investment with 8% p.a. return

Freehold fully furnished condominium with a big private jacuzzi at a 4-star beachfront resort in Patong

$191,000

Total area 51 m²1 bedroom1 bathroom

51 m², 1 bedroom, condo

Patong Beach, Kathu, Phuket, Thailand

1 floor of 7

$191,000 $3,745 per m²

Cosy villa with a terrace, a pool and a garden in a guarded residence, near the beach, Patong, Thailand for $1,300,000

Sea view

Cosy villa with a terrace, a pool and a garden in a guarded residence, near the beach, Patong, Thailand

$1,300,000

Total area 310 m²Land area: 708 m²3 bedrooms2 bathrooms

310 m², 3 bedrooms, villa + plot 708 m²

Patong Beach, Kathu, Phuket, Thailand

$1,300,000

Cosy villa with a terrace, a pool and a garden in a modern residence, near the beach, Patong, Thailand for $1,660,000

Sea view

Cosy villa with a terrace, a pool and a garden in a modern residence, near the beach, Patong, Thailand

$1,660,000

Total area 320 m²Land area: 176 m²3 bedrooms3 bathrooms

320 m², 3 bedrooms, villa + plot 176 m²

Patong Beach, Kathu, Phuket, Thailand

$1,660,000

Comfortable villa with a terrace, a pool and a garden in a cosy residence, near the beach, Patong, Thailand for $2,270,000

Sea view

Comfortable villa with a terrace, a pool and a garden in a cosy residence, near the beach, Patong, Thailand

$2,270,000

Total area 465 m²Land area: 1,231 m²5 bedrooms5 bathrooms

465 m², 5 bedrooms, villa + plot 1,231 m²

Patong Beach, Kathu, Phuket, Thailand

$2,270,000

Elite villa with a terrace, a pool and a garden in a comfortable residence, near the beach, Patong, Thailand for $2,720,000

Elite villa with a terrace, a pool and a garden in a comfortable residence, near the beach, Patong, Thailand

$2,720,000

Total area 1,400 m²Land area: 1,000 m²6 bedrooms6 bathrooms

1,400 m², 6 bedrooms, villa + plot 1,000 m²

Patong Beach, Kathu, Phuket, Thailand

$2,720,000

Spacious studio condo for sale in Patong Beach, Phuket, Thailand for $115,000

Spacious studio condo for sale in Patong Beach, Phuket, Thailand

$115,000

Total area 40 m²1 bedroom1 bathroom

40 m², 1 bedroom, condo

Patong Beach, Kathu, Phuket, Thailand

$115,000 $2,875 per m²

Property for sale in Patong Beach

Discounted properties upon request

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