Secondary market of real estate on Phuket
2 min
Secondary market on Phuket is not “real estate with history”, but ready objects, which can be checked, touched and immediately rented out. While new construction promises yield “someday”, secondary market already works: brings money, has confirmed liquidity and clear price.
Vladimir Mironov, founder of Harmony Ocean Property, helps investors to choose: who is suitable for secondary market and which districts give stable result.
How secondary differs from new construction: not only year of construction
On Phuket secondary market is separate segment with its own logic. Purchase of ready object closes several tasks at once: no need to wait for delivery, no need to believe renders, no need to risk with prolonged construction. Everything that is promised is already built. And that means it is possible to check how management company works, how building is filled, how neighbors behave and what view opens from window in reality.
Average price of object on secondary market of Phuket is about 12 million baht. This is higher than average in Thailand, but is explained simply: secondary market on island is ready villas and condominiums in liquid locations, which do not need to be waited for and which can be immediately rented out.
Current catalog of objects of real estate is available on site Harmony Ocean Property
Who is suitable for secondary market of real estate on Phuket
Buyer of secondary market on Phuket is not one who chases discount at start of sales. This is one who wants to understand what exactly he receives for his money.
Secondary market is chosen by those who:
Your case, reviewed
Let us discuss your goal, budget and timing
Vladimir Mironov reviews your case: what to buy for, which area to search in and when to exit.
The first review is free
plan to live on Phuket or rent it out immediately after purchase;
are not ready to wait two-three years until delivery;
want to check management company, condition of building and infrastructure;
are looking for liquid asset, which can be quickly resold.
Vladimir Mironov, founder of Harmony Ocean Property, notes that secondary market on Phuket is not “past century”. This is mature segment with clear rules. If object is correctly chosen, it works from first day.
