Phuket Leasehold vs Freehold: Which Is Right for You?
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Phuket Leasehold vs Freehold: Which Is Right for You?
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Understanding the difference between leasehold and freehold ownership is essential when buying property in Phuket. Leasehold offers foreigners the right to use land or property for a set term, usually 30 years, with possible renewals. It often comes with lower costs and flexibility, especially for villas. Freehold, on the other hand, provides full ownership rights—typically available for condominiums under the 49 percent foreign quota. While it’s more secure and offers better resale value, it also comes with higher costs and legal considerations. Choosing the right option depends on your budget, long-term plans, and whether you value flexibility or permanent ownership.
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