Investments in real estate of Thailand — complete review for investor

Investments in real estate of Thailand — complete review for investor who is looking not just for “second home”, but for working capital with predictable yield. Phuket remains leading market, but requires expert approach to assessment of liquidity and legal conditions of ownership.

Investment company Harmony Ocean Property analyzes economics of projects on Phuket, helping investors to assess potential of objects before taking decision. Team of experts on transactions with real estate in Thailand give consultation to investors on each stage of choice of object, taking into account specifics of local developers.

Investments in real estate of Thailand — complete review for investor

Investments in real estate of Thailand — this is process requiring deep economic analysis of project, and not simply choice of object by visual attractiveness.

Today Thai market offers different formats of ownership, such as freehold and leasehold, each of which carries its own obligations and tax consequences. Competent investor begins with assessment of liquidity of object, studying location and district of Phuket, to exclude purchase of unclaimed real estate.

Analysis of investment attractiveness of objects of real estate on Phuket

Investment attractiveness of objects on Phuket is based on assessment of demand of location and reputation of developer.

Investment agency Harmony Ocean Property forms strategy of choice of residential complex from developer, comparing offers from point of view of their investment value and potential of growth of value.

Investment attractiveness of objects of real estate on Phuket

• Assessment of location: proximity to infrastructure, beaches and key points of attraction.
• Study of experience of developer: timely delivery of projects and financial stability of company.
• Analysis of concept: presence of infrastructure, increasing rental demand.

Assessment of yield of real estate: what profit depends on

Assessment of yield of commercial real estate of Phuket requires clear understanding of difference between gross indicators and net profit. During calculations it is important to take into account expenses on maintenance of housing, including taxes, service and operational fees, which can significantly correct final figure.

Working reference point for calculation of expenses on management of real estate is commission for management of real estate in amount of 20–25% of rental revenue, however exact rate is always specified in contract with management company.

Risks of investing in resort real estate of Phuket

Risks of investing in resort real estate of Phuket are often connected with dishonesty of developers and legal difficulties during execution of title. Conducting of thorough check of object of real estate allows to avoid problems with documents for purchase of real estate, delegating this process to independent Thai lawyer specializing in protection of interests of buyer.

Risks of investing in resort real estate

• Legal purity of title (Land Department).
• Risk of delay of commissioning of project into operation.
• Non-compliance of reality to declared indicators of yield.

Frequently asked questions (FAQ)

What is difference between freehold and leasehold?

Freehold — this is right of full ownership. leasehold — long-term lease for period up to 30 or 90 years.

What is due diligence during purchase of villa?

This is legal check of purity of object, title and history of ownership before transaction.

What taxes does owner of real estate pay?

Mandatory payments include registration fees, tax at transfer of title and annual fees.

Is it necessary to be present at transaction personally?

Execution is possible remotely by power of attorney through specialized specialists and lawyers.

Who is responsible for rent of object after purchase?

Rental process is handled by management company on basis of signed contract.

Role of investment strategist on real estate of Phuket, Vladimir Mironov

Vladimir Mironov acts as investment strategist, focusing on analysis of market indicators and long-term assessment of projects. Expert of market of real estate on Phuket assesses investment concept and risks of purchase. This allows investor in real estate to take weighed decisions on basis of data, and not emotions. Strategic planning, conducted by expert, provides foundation for formation of portfolio.

Conclusion

Investments in real estate of Thailand require cold calculation and expert understanding of specifics of Phuket. Analytical support of Harmony Ocean Property. Investment strategist Vladimir Mironov help investors to approach systematically to choice of liquid assets.

Order professional consultation in investment agency Harmony Ocean Property for formation of strategy of purchase of real estate