We are living more than 11 years on Phuket Island and have a good knowledge abouth the local property market.
Many people ask us when we should buy a property or land in Phuket. , many think that the prices will drop in Phuket as they have done in certain other oversees market. We all remember that Phuket wend true some turbulent times in the past, and each time the market recovers in no time. We could say that now is the time to buy as the market prices are stable, certain developers and individuals are stimulating the market and are giving free furniture packets or adapted payment schemes.
Also the Thai government is stimulating the property market in the following way: as part of the Thai government’s economic stimulus package and effort to boost the local property market further in the current state of the global economy, the government recently announced a reduction in the Specific Business Tax (SBT). This follows a one year extension of the reduction in Property Transfer Tax from 2% to 0.01% on 28th March 2009.
By Royal Decree, issued in accordance with the Revenue Code Regarding Tax Reduction (No.488) B.E. 2552, dated 19th May 2009, the Specific Business Tax (SBT) has also been reduced from 3.3% to 0.11% for a period of one year, beginning from 28th March 2009. The reduction applies for sales of all types of real estate including condominium buildings and units.
Investors who are currently considering an investment in the Thai property market are recommended to capitalize on the benefits of the government stimulus package during this period.
In order to further boost sales in the Phuket property market , All Phuket Real Estate will pay all Taxes and registration fees from 1 June for the next six ( 6 months) on purchase of a Villa, house , condominium or land if buyers decide to nominate All Phuket Real Estate as the real estate agent.*
All Phuket Real Estate is convinced that now is the time to pick up the dream property that you have been dreaming of. Waiting further will result that the market will put itself in an other gear and prices or special deals will not longer exist.
All Phuket Real Estate, we serve all your property needs, Villa, house, condominium and land for rent or sale.
* Terms and conditions pls apply for information at info@allphuketrealestate.com
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