How to finance a real estate purchase in Phuket

In the past, once they had found a property for sale in Phuket that they wished to purchase, foreigners were not permitted to raise a mortgage from local financial institutions, as this was a privilege available only to Thai companies or Thai citizens.

Phuket property

The good news is that nowadays several options are available for foreigners wishing to buy real estate in Phuket, as follows:

A Bangkok Bank Loan for the purchase of real estate in Phuket
Bangkok Bank now enables foreigners to apply for mortgages when purchasing real estate in Phuket or elsewhere in Thailand. For now, this opportunity is offered only through their Singapore and Hong Kong branches. A well-known bank in Thailand also offers loans, lending up to 75% of the value of the property for sale in Phuket, starting from 2 million Thai baht (THB). Regarding the currency transfer, you open a Thai Bank account with your home currency and get preferential exchange rates.


Developers with property for sale in Phuket
Many of the developers with property for sale in Phuket offer long term payment plans for extending payment over 5 or even 10 years, with 50% down payment. Through our long term agreement with them, you will benefit from the best conditions for these payment plans. They will require initial deposit, and then installment payments throughout each step of the construction of the property.

For more information on a bank mortgage, or on the real estate developers in Phuket which offer a repayment option, please contact us: we are at your service.

Related Post

How to go about a round trip to South Africa with your family

Since many years South Africa is the leading touristic hot spot in Africa. But if you are a young family from America, Europe or Asia it is not that easy

Benefits of hiring a car rental service in Faro

Are you flying in to Faro? Public transport can only be an option if you intent to have an option of having an out of resort trip. But for a

The best time to start your property investments in Montenegro

The devaluation of the currency affected a lot on the economy of Montenegro. It created a negative impact on the real estate industry as well. Fortunately, it is recovering at