Residential properties for sale in Patong, Thailand
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Frequently asked questions about Patong real estate
What taxes and fees do foreigners buying property in Patong need to pay?
When purchasing a home, foreigners must pay a tax on its transfer into ownership. For leasehold zones it is 1.1% of the price of the property, for freehold zones - 2%. By mutual agreement, the buyer can pay the tax contribution equally with the seller. If an apartment is purchased in a building at the stage of construction or commissioning, an additional tax on major repairs is paid.
Which areas are the most profitable for buying property in Patong?
To make an investment with a view to recouping it, it is worth considering the Bangla Road area. This prestigious location with many restaurants and nightclubs is constantly experiencing high demand for rental properties. The Paradise Complex area is also very popular among tenants.
How much does it cost on average to buy a home in Patong?
Sq. meter of apartments and houses is estimated at 1500-4000 euros. The exact cost of real estate in Patong depends on the quality of renovation and proximity to the beaches. Apartments in prestigious residential complexes and villas with access to the coast are 20-30% more expensive than other properties.
