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 apartments in Patong?

The cost of apartments in Patong varies from 86,000 € to 2,200,000 €. The average price per square meter in Patong — $3,920. Now we have 81 offers of apartments in Patong.

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.

Apartments for Sale in Patong Beach, Phuket

Modern comfortable apartment with a panoramic bay view in a residence with a pool, a sauna and a parking, Patong, Thailand for $726,000

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

$726,000

Total area 157 m²3 bedrooms3 bathrooms

157 m², 3 bedrooms, apartment

Patong Beach, Kathu, Phuket, Thailand

4 floor

$726,000 $4,624 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

Golden Visa

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

$278,000

Total area: 152 m² 5 bedrooms 2 bathrooms

Spacious and airy apartment enjoying a bay view, in residential development with a pool, gym and car parks, Patong, Phuket, Thailand for $735,000

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

$735,000

Total area 222 m²1 bedroom2 bathrooms

222 m², 1 bedroom, apartment

Patong Beach, Kathu, Phuket, Thailand

$735,000 $3,310 per m²

Freehold fully furnished condo at a 4-star beachfront resort in Patong for $171,000

investment with 8%p.a. return

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

$171,000

Total area 45 m²1 bedroom1 bathroom

45 m², 1 bedroom, condo

Patong Beach, Kathu, Phuket, Thailand

2 floor of 7

$171,000 $3,800 per m²

Freehold fully furnished condominium with a big private jacuzzi at a 4-star beachfront resort in Patong for $187,000

Investment with 8% p.a. return

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

$187,000

Total area 51 m²1 bedroom1 bathroom

51 m², 1 bedroom, condo

Patong Beach, Kathu, Phuket, Thailand

1 floor of 7

$187,000 $3,666 per m²

Fully furnished modern family condo in Patong for $86,000

investment with 8% p.a. return

Fully furnished modern family condo in Patong

$86,000

Total area 39 m²1 bedroom1 bathroom

39 m², 1 bedroom, condo

Patong Beach, Kathu, Phuket, Thailand

4 floor of 7

$86,000 $2,205 per m²

Spacious studio condo for sale in Patong Beach, Phuket, Thailand for $113,000

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

$113,000

Total area 40 m²1 bedroom1 bathroom

40 m², 1 bedroom, condo

Patong Beach, Kathu, Phuket, Thailand

$113,000 $2,825 per m²

Modern flat with a terrace and a garden in a comfortable residence with a pool, near the beach, Patong, Thailand for $190,000

Modern flat with a terrace and a garden in a comfortable residence with a pool, near the beach, Patong, Thailand

$190,000

Total area 150 m²3 bedrooms2 bathrooms

150 m², 3 bedrooms, apartment

Patong Beach, Kathu, Phuket, Thailand

$190,000 $1,266 per m²

One-bedroom apartment with a balcony in a sea view residence with a swimming pool, Patong, Thailand for $209,000

One-bedroom apartment with a balcony in a sea view residence with a swimming pool, Patong, Thailand

$209,000

Total area 43 m²1 bedroom1 bathroom

43 m², 1 bedroom, apartment

Patong Beach, Kathu, Phuket, Thailand

$209,000 $4,860 per m²

Apartments 400 m away from Naka Beach in Patong in a developed area for $162,000

Apartments 400 m away from Naka Beach in Patong in a developed area

$162,000

Total area 35 m²1 bedroom1 bathroom

35 m², 1 bedroom, new home

Patong Beach, Kathu, Phuket, Thailand

3 floor of 4

$162,000 $4,628 per m²

Spacious apartment for sale in Patong, Phuket, Thailand with a balcony for $160,000

Spacious apartment for sale in Patong, Phuket, Thailand with a balcony

$160,000

Total area 59 m²2 bedrooms2 bathrooms

59 m², 2 bedrooms, condo

Patong Beach, Kathu, Phuket, Thailand

$160,000 $2,711 per m²

Furnished apartment with a terrace and a sea view, Phuket, Thailand for $179,000

Furnished apartment with a terrace and a sea view, Phuket, Thailand

$179,000

Total area 60 m²1 bedroom1 bathroom

60 m², 1 bedroom, condo

Patong Beach, Kathu, Phuket, Thailand

$179,000 $2,983 per m²

Magnificent one-bedroom condo with sea view in Patong for $138,000

Magnificent one-bedroom condo with sea view in Patong

$138,000

Total area 35 m²1 bedroom1 bathroom

35 m², 1 bedroom, condo

Patong Beach, Kathu, Phuket, Thailand

$138,000 $3,942 per m²

Comfortable flat with a terrace and sea views in a modern residence with a pool, near the beach, Patong, Thailand for $260,000

Comfortable flat with a terrace and sea views in a modern residence with a pool, near the beach, Patong, Thailand

$260,000

Total area 82 m²1 bedroom1 bathroom

82 m², 1 bedroom, apartment

Patong Beach, Kathu, Phuket, Thailand

1 floor of 7

$260,000 $3,170 per m²

Furnished studio with a balcony, Patong, Phuket, Thailand. Price on request

Furnished studio with a balcony, Patong, Phuket, Thailand

Price on request

Total area 30 m²1 bedroom1 bathroom

30 m², 1 bedroom, apartment

Patong Beach, Kathu, Phuket, Thailand

4 floor

Price on request

Comfortable flat with a terrace and sea views in a modern residence with a pool, near the beach, Patong, Thailand for $860,000

Comfortable flat with a terrace and sea views in a modern residence with a pool, near the beach, Patong, Thailand

$860,000

Total area 120 m²2 bedrooms2 bathrooms

120 m², 2 bedrooms, apartment

Patong Beach, Kathu, Phuket, Thailand

2 floor of 4

$860,000 $7,166 per m²

Elite flat with a terrace and sea views in a comfortable residence with a pool, near the beach, Patong, Thailand for $1,000,000

Elite flat with a terrace and sea views in a comfortable residence with a pool, near the beach, Patong, Thailand

$1,000,000

Total area 140 m²2 bedrooms2 bathrooms

140 m², 2 bedrooms, apartment

Patong Beach, Kathu, Phuket, Thailand

2 floor of 3

$1,000,000 $7,142 per m²

Two-bedroom luxury apartment with a balcony, in a new condominium in the center of Patong, Phuket. Guaranteed rental income!. Price on request

Two-bedroom luxury apartment with a balcony, in a new condominium in the center of Patong, Phuket. Guaranteed rental income!

Price on request

2 bedrooms2 bathrooms

2 bedrooms, condo

Patong Beach, Kathu, Phuket, Thailand

Price on request

Bright flat with a terrace and sea views in a comfortable residential complex with a pool, near the beach, Patong, Thailand for $125,000

Bright flat with a terrace and sea views in a comfortable residential complex with a pool, near the beach, Patong, Thailand

$125,000

Total area 89 m²2 bedrooms2 bathrooms

89 m², 2 bedrooms, apartment

Patong Beach, Kathu, Phuket, Thailand

$125,000 $1,404 per m²

Spacious studio with a terrace in a comfortable residential complex with a pool, near the beach, Patong, Thailand for $115,000

Spacious studio with a terrace in a comfortable residential complex with a pool, near the beach, Patong, Thailand

$115,000

Total area 38 m²1 bedroom1 bathroom

38 m², 1 bedroom, apartment

Patong Beach, Kathu, Phuket, Thailand

2 floor of 7

$115,000 $3,026 per m²

Studio with a balcony in a residence with a beautiful terrace and a sea view, Patong, Thailand for $134,000

Studio with a balcony in a residence with a beautiful terrace and a sea view, Patong, Thailand

$134,000

Total area 33 m²1 bedroom1 bathroom

33 m², 1 bedroom, apartment

Patong Beach, Kathu, Phuket, Thailand

$134,000 $4,060 per m²

Bright flat with a terrace and sea views in a comfortable residence with a pool, near the beach, Patong, Thailand for $275,000

Bright flat with a terrace and sea views in a comfortable residence with a pool, near the beach, Patong, Thailand

$275,000

Total area 80 m²1 bedroom1 bathroom

80 m², 1 bedroom, apartment

Patong Beach, Kathu, Phuket, Thailand

1 floor of 7

$275,000 $3,437 per m²

Comfortable studio with a terrace and sea views in a modern residential complex with a pool, near the beach, Patong, Thailand for $150,000

Comfortable studio with a terrace and sea views in a modern residential complex with a pool, near the beach, Patong, Thailand

$150,000

Total area 47 m²1 bedroom1 bathroom

47 m², 1 bedroom, apartment

Patong Beach, Kathu, Phuket, Thailand

1 floor of 4

$150,000 $3,191 per m²

Apartments near Patong beach, 800 meters from the sea. Price on request

Apartments near Patong beach, 800 meters from the sea

Price on request

Total area 34 m²1 bedroom1 bathroom

34 m², 1 bedroom, new home

Patong Beach, Kathu, Phuket, Thailand

Price on request

Spacious two-level flat with a terrace and sea views in a comfortable residential complex, near the beach, Patong, Thailand for $205,000

Spacious two-level flat with a terrace and sea views in a comfortable residential complex, near the beach, Patong, Thailand

$205,000

Total area 98 m²2 bedrooms2 bathrooms

98 m², 2 bedrooms, apartment

Patong Beach, Kathu, Phuket, Thailand

7 floor of 7

$205,000 $2,091 per m²

Apartments for sale in Patong Beach

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