Embarking on the journey of buying property in Thailand can be both exhilarating and daunting for expats. The allure of Thailand’s vibrant culture, stunning landscapes, and welcoming communities is undeniable. However, navigating the complexities of the real estate market requires a knowledgeable and approachable guide.

And, when you take Phuket’s stunning natural beauty in consideration, the world-class amenities, and welcoming community, you might say that Phuket has captivated global property buyers for decades. Bolstered by Thailand’s buoyant economy and government incentives driving foreign investment, Phuket’s real estate market is entering an exciting new growth phase in 2023. This article explores the thriving Phuket property landscape while providing key legal guidance for international investors.

That’s where we come in. At Closer CSS Law Co., Ltd., we’re dedicated to helping you find not just a property, but a home in Thailand. Let’s dive into the essentials of buying property in Thailand, focusing on the market and on buying, for example, off-plan properties, and let’s not pass on underlining the critical importance of due diligence.

Phuket’s Real Estate Developments

Phuket occupies a unique position within Thailand’s rapidly growing property market. While the condominium sector dominates nationally, Phuket is setting sales records for luxury villas and high-end resort real estate.

Industry experts attribute this vibrancy to Phuket’s outsized reliance on international tourism and purchases. During and after the pandemic, foreign investors are flocking back to Phuket’s shores, drawn by new luxury developments and residency incentives.

The North of Phuket is set to become even more appealing to expats and locals alike with the development of a new 150+-bed boutique hospital and advanced diagnostic center by Bumrungrad International Hospital. This significant investment, amounting to 4.3 billion Thai Baht, is located near the Blue Canyon Country Club, just about 3 kilometers from Phuket International Airport.

Bumrungrad’s expansion into Phuket aims to bring its world-class medical services closer to residents and tourists, enhancing Phuket’s reputation as a leading healthcare destination. The facility will offer a wide range of services, including a VitalLife Scientific Wellness Center and Anti-Aging, indicating a bright future for Phuket’s northern region.

The Appeal of Off-Plan Properties

Buying off-plan means purchasing property before it’s completed, and sometimes before construction has even started. This route might offer several compelling advantages:

Customization: Off-plan properties often allow buyers to select finishes and layouts, making your future home truly yours.

Cost Savings: Developers frequently offer off-plan properties at lower prices compared to completed units, with early-bird discounts adding to the appeal.

Investment Potential: The value of your property could significantly increase from the time of purchase to completion. Especially since prices have been rising recently.

Due Diligence is the ultimate key

The excitement of buying a new home should not overshadow the importance of due diligence. You should always take precautions, buy with your head and not only your heart. Closer CSS Law knows how to protect your investment and we will help and guide with and through the process. These are some important steps to take:

Healthcare Proximity

The proximity to quality healthcare facilities is a crucial factor for many expats. Thailand boasts an impressive healthcare system, with hospitals like Bumrungrad Resort Hospital in Phuket (currently in the construction phase) and Bangkok Hospital Phuket (with multiple locations) offering world-class services. Here’s why this matters:

Peace of Mind: Knowing that excellent medical care is within reach provides reassurance for you and your family.

Property Value: Properties near top healthcare facilities often retain their value better and are more attractive to future buyers or renters

Embracing Your New Community

Moving to Thailand is not just about buying property; it’s about finding a new place to call home. Immerse yourself in the local culture, connect with fellow expats, and explore your new surroundings. The vibrant communities in Phuket, the serene landscapes of Chiang Mai, and the bustling streets of Bangkok are waiting to welcome you.

Why Closer CSS Law Co., Ltd.?

With Closer CSS Law Co., Ltd., you’re not just getting a real estate advisor; you’re partnering with a team that understands the nuances of the Thai legal and property market. Our friendly, professional approach ensures that your journey into the Thai real estate market is smooth, secure, and successful and we speak 9 languages, which means we probably have you covered in your own native language.

All our agreements, documents and communications are bilingual and communications take place in your own language. Besides Thai, we are able speak, read and write in either English, French, Russian, Chinese, Spanish, Italian, German, and Dutch.

Expertise: Over two decades of experience in Thai property law.

Personalized Service: We tailor our services to meet your unique needs.

Amzing Support: From legal advice to property search and beyond.

Getting on your Thai real estate adventure should be an exciting and rewarding experience. With the right guidance, due diligence, and a bit of adventurous spirit, your dream home in Thailand is within reach. Closer CSS Law Co., Ltd. is here to make that dream a reality. Welcome home.