Created more than one century ago by Chinese and Malay merchants, Phuket Town constitutes the historical heart of the island. The town is nowadays the commercial, social and political center of the island. This large city is situated on the southeastern coast and its old character houses, its diversified markets and its art galleries are a source of cultural influence on the whole island. Phuket Town is full of unusual boutiques, local shops, upscale restaurants and trendy bars, frequented by the golden and student youth. A subway project is under discussion. Not far from the city, numerous marinas welcome luxury yachts owners, who generally have bought stunning properties in the marina or in the surroundings.
Investing in Thailand is nowadays a credible option to consider. With a healthy economy, excellent infrastructures, a major tourist attraction, a structured real estate market offering a good quality for its value, a low taxation and a clear law regarding real estate property, the country mixes all the required elements to realize a safe investment.Thanks to the stunning attractiveness of the region, the real estate market in Thailand knows a steady evolution of prices. Patong, Kata and Surin maintains their high level and offers one of the most luxury properties of the region. Due to its strategic location, its high-end infrastructures and its international airport, the island offers unique conditions to invest in an attractive and dynamic area. Facing this fondness, the local real estate has been modeled according to the new demanding inhabitants. The real estate offer perfectly meets the various expectations through different types of investments, from rental to residential, by way of speculative investments. Besides, the occupancy rate of rental properties remains high -around 75%-, which is a good element to know for future investors.
In Thailand, the law considers that a foreigner cannot own a land. The land where is built the property will be rented for a period between 30 and 90 years. Besides, the purchase is made in foreign currency (the bath, which is the Thai currency is not used).
As for the purchase of a condominium, the buyer will receive a "full ownership title" thanks to the "condominium license" but only if the good is legally registered as such.
It is encouraged to contact a professional of the real-estate market in the area to know the different steps of the buying process. It is well advised to be careful of unscrupulous vendors who might propose you a land or even a property he does not own.
Before any purchase, it is also recommended to examine the different legal documents such as the owner of the property, the plans...
The period from May to October corresponds to the rainy season. As Phuket is close to the equator, the effects of the monsoon are reduced even if the sea can be rough.The region enjoys a tropical wet climate with steady and warm temperatures all over the year. During this period, it is not always raining but there are high rainfalls with overcast sky. However, this season can be a nice way to discover the island without the traditional crowds of tourists and benefiting from attractive prices.
From November to April, it is the dry season. The month of March can be the best compromise between crowd and weather : tourists are fewer and prices are cheaper while the monsoon has not starting yet. This period provides an enjoyable climate to take advantage of the dream beaches and discover the stunning landscapes and temperatures are around 30 degrees.
The period from December to February is the best one as the weather is dry, it hardly ever rains, there is a blue sky and temperatures are pleasant and not particularly too much high. However, it also corresponds to the busiest period of the year. Mainly in January and February, hords of tourists arrive in Phuket to discover the stunning island. Prices skyrocket and places are crowded.
Also called "water festival", Songkran is the Thai name to indicate the Buddhist New Year. Every year in Thailand, this event takes place in April, between the 12th and 15th, that corresponds to the hottest period of the dry season. The tradition supposes that the New Year is spent with one's family and they declare their respect to their elders pouring some perfumed water on the elders' hands. This ritual pushes away misfortune and purifies. In addition to this tradition, the public event turned into a large party with massive entertaining water battles in the streets.
This Chinese Temple was built in 1853 tribute to the saint Mother protector of sailors Tien Sang Sung Mu, which is also the Goddess of the Sea. Locals keep respecting the tradition: when a new boat is going to be launched on the water, a ceremony is held in the Temple in order to protect the boat from weather and to protect its sailors. Many visitors attend to the ceremony, as this is a unique experience.
Situated on Phang-Nga street, Standard Chartered Bank is the major symbol of Phuket Town. This building is the oldest foreign bank in Thailand and represents the historic Sino-Portuguese architecture in the town. It was built in 1907, when the current governor of Phuket had had a very far-sighted vision in the need to develop the economic system, banking and finance in Phuket towards the international standards. He also allowed westerners to invest in the bank, which led to a quick economic growth in Phuket.
Phuket is the largest island of Thailand and is nowadays considered as one of the most attractive tropical seaside resorts in the world. This jewel of the Indian ocean spreads over 50 kilometers from north to south. Its northern end is linked with the continent thanks to a 600m-long bridge, called the bridge of the Saracens.The main wealths of the island are tourism -as it attracts more than 3 million tourists every year-, its rubber plantations, coconut and fishing. After Bangkok, Phuket is the richest region of Thailand and it enjoys a very diversified population as it welcomes Thais, Chinese, Malays, Europeans and Indians, among others.This dramatic place became famous in the 1970s due to the arrival of hi...