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An Independent Realtor
It can be challenging for a foreigner to buy land for sale in Thailand. Many times just locating Thailand property for sale can be exhausting. Our company specializes in assisting foreigners interested in acquiring Phuket land for sale. We also help clients looking to sell their land.Â
Currently, we have over 50 active land listings for sale all with proper paperwork and proper land title deeds. Since 2013, Phuket Realtor has helped hundreds of clients safely buy and sell property for sale in Phuket Thailand.Â
Land Ownership as a Foreigner
In Thailand by law, foreigners are not allowed to directly own land. Foreign clients interested in buying land for sale in Phuket Thailand have three options: either lease the land, set up a Thai company, or work with a Thai partner.
One option is simply to acquire the land on a leasehold basis. The maximum lease on land in Thailand is 30 years with the possibility for 2 extensions written into the contract making a total lease term of 90 years. While a leasehold may not offer direct ownership, it does offer exclusive rights to the use of that land and property.Â
Leasehold rights are registered on the back of the title deed at the land office. It does require some work at the end of each 30-year lease term but can be a simple and hassle-free way to enjoy and purchase land in Thailand. Retirees wanting to build a holiday home may find this solution attractive.
Another option for foreign buyers is setting up a Thai company to purchase the land. This holding structure offers more ownership rights than a leasehold structure.A local property law firm can set this up within a couple of weeks. As long as the foreigner complies with the law, this option offers a good degree of indirect ownership and control for purchasing land in Phuket Thailand.
The third option is the work with a Thai partner.
Land Titles in Thailand
As a buyer, you need to be aware of the various title deeds and land titles for property in Thailand to better understand what you are being offered. Land titles are the most common evidence to prove land ownership, rights of possession, and other interests in property. In Thailand, there are various types of land titles and each provides a different level of security for the owner.
Remember, the property title is proof of ownership; therefore the quality of the land title deed determines the fundamental security of your investment. For this to work when buying land for sale in Phuket, you should only consider a property that comes with a Chanote, Nor Sor 3, or Nor Sor 3 Gor land title. These titles can be sold, leased, transferred, and used as mortgage collateral. They are the only titles over which can be registered for the right of ownership and or a lease to exist.
As a buyer, you need to be aware of the various title deeds and land titles for property in Thailand to better understand what you are being offered. Land titles are the most common evidence to prove land ownership, rights of possession, and other interests in property. In Thailand, there are various types of land titles and each provides a different level of security for the owner.
Remember, the property title is proof of ownership; therefore the quality of the land title deed determines the fundamental security of your investment. For this to work when buying land for sale in Phuket, you should only consider a property that comes with a Chanote, Nor Sor 3, or Nor Sor 3 Gor land title. These titles can be sold, leased, transferred, and used as mortgage collateral. They are the only titles over which can be registered for the right of ownership and or a lease to exist.
Phuket Realtor can Help
As a leading independent realtor in Phuket Thailand, we help clients sell their land and property. We also help clients find Phuket land for sale. As prices continue to rise in Phuket we strive to help clients understand the reasons why and the benefits and potential risks of investing here. It's a fact, land prices have been rising at an average of 13% per year since 2005. We expect this to continue.
Land prices in Thailand have been steadily rising due to many factors.
After the Tsunami of 2004, the local government in Phuket instituted new zoning regulations that restrict and limit the amount of building in Phuket Thailand. When struggling to find land for sale in Phuket, keep in mind that the new zoning regulations will ensure that the island stays beautiful and green for the younger generations to appreciate in the future.
Local Experts
Working with a good realtor and a good lawyer is important in Thailand. Investing in a foreign property market can be tricky at times and a local expert can help guide you through the proper steps and ensure a safe and successful transaction.Â
At Phuket Realtor, we take great pride in making sure our clients stay happy and fully understand their ownership, as many are buying land in Phuket Thailand for the first time. Our consultants will answer your questions, discuss your requirements, and arrange property and land viewings. We can assist you at our office or pick you up from your resort or hotel.
We can also assist you in selling your land. As an independent brokerage company, we do a healthy amount of land deals. We offer some of the lowest commission rates on the island, similar to a discount broker.
We specialize in helping foreigners make successful property investments in Phuket Thailand. Our friendly and professional team will advise and guide you with reliable and honest communication providing a stress-free property search and a safe transaction.
Phuket Realtor was founded in 2012 and owes its ongoing success to its close alignment with the company's mission statement, vision, and values. If you have ever thought about purchasing land to build a holiday home on one of the most exciting islands in Southeast Asia, Phuket Realtor can help ensure it goes smoothly.
Contact us today about land for sale in Phuket Thailand.
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