Investments in real estate abroad: why Phuket remains in top among Russians

Foreign real estate remains one of main instruments of preservation and increase of capital for Russians. Despite geopolitical difficulties, interest in purchase of housing abroad does not decrease — simply geography changes. Europe gives way to Asia, and Thailand becomes main magnet for investors from Russia. Phuket is one of few markets, where foreigners can freely buy real estate, and demand from Russians steadily grows.

Investments in real estate abroad require understanding of new rules of game: market becomes more mature and selective, and gap between quality and mediocre projects grows. Success of transaction depends on correct choice of location, developer and legal structure.

Harmony Ocean Property under leadership of Vladimir Mironov helps investors to go through this path without risks — from selection of object to legal support and management of asset.

Phuket remains in top among Russian investors

Phuket long ago ceased to be for Russians just resort market. Today this is full-fledged direction for long-term investments with predictable yield. How is this explained?

Stability of currency. Thai baht for decades stays in narrow range, which allows investors to count on preservation of capital without risk of devaluation due to sharp currency jumps.

Relatively low entry threshold. Unlike Europe or UAE, on Phuket you can find quality object with minimum budget, which will bring income and maintain liquidity.

Flexible payment terms. Developers offer installment plans with individual conditions: you can pay part before completion of construction, and rest — during several years with minimum overpayment.

Developed infrastructure for life and rent. On island work international schools and modern hospitals, which is important for families with children. Professional management companies take on themselves all issues on rental — from search of tenants to payment of taxes.

Trends of 2027: what has changed on real estate market abroad

Real estate market of Phuket noticeably differs from what was two-three years ago. Investors have become more attentive to analyze developer, concept of project, quality of management and future liquidity. Era when practically any object grew in price, remained in past.

What is important now for investors in real estate of Thailand:
Quality of project and reputation of developer. Less lose in price and faster gain it projects from developers with impeccable reputation, located in demanded districts, with well-thought-out infrastructure and professional management.
Legal check. Investors increasingly pay attention to structure of ownership, documents on land, form of ownership and conditions of contract. Mere fact of presence of permits does not yet guarantee safety — comprehensive check is needed.
Correct choice of district. Real estate of Phuket cannot be considered as unified market. Each district has its own economy, its own audience and its own balance of demand and supply. In individual locations competition has already noticeably intensified, while in others demand continues to outpace supply.

Legal nuances: what need to know before purchase

Purchase of real estate in Thailand for foreigners has number of features, which are important to consider in advance.

Forms of ownership. Foreigners can purchase apartments in condominiums in full ownership provided that foreign quota is not exceeded. Land and houses are available only through long-term lease with possibility of renewal.

Check of documents. Before signing of contract it is important to check land plot for absence of encumbrances, request land title for ownership right, where owner is indicated. Without this certificate on plot nothing can be built.

Currency operations. Transfers for large amounts are subject to mandatory accompanying with documents confirming source and purpose of funds. Violation of procedure of currency operations entails refusal in registration of ownership rights.

Harmony Ocean Property helps investors

Purchase of real estate abroad is not only choice of beautiful object. This is complex task, which requires professional approach at all stages.

Selection of object. Analysis of market, location, developer, concept of project. We do not show “everything in a row” — we choose objects with real potential of growth.

Legal support. Check of title documents, analysis of history of object, request of extracts from official registers, consultations on tax obligations.

Support of transaction. From reservation to registration of ownership right in Land Department. Control of currency transfers and execution of necessary documents.

Management of assets. Assistance in choice of management company, consultations on rental, calculation of real yield with consideration of all expenses.

Investment agency of real estate Harmony Ocean Property under leadership of Vladimir Mironov works with verified developers and accompanies transactions from selection to registration. Clients receive not just housing, but reliable asset for preservation and increase of capital.

(Analysis of yield, currency, taxes and scenarios of ownership on Phuket — without promises of “20% per annum”. Materials are based on transactions of Harmony Ocean Property from 2019.)