Where is it more profitable to buy real estate in Thailand or in Sochi? We compare famous residential complexes of the two cities.

Buying an apartment in Thailand or Sochi is a question that requires analyzing various aspects such as prices, legal conditions, and additional costs.

Prices and apartment complexes:

In Thailand, apartment prices can vary depending on location and proximity to the sea. For example, at Hennessy Residence in Phuket, apartments start from ฿8,460,000 (about $235,000) for a 97 m² one-bedroom apartment 100 meters from the sea. Residents are offered the following amenities in the LCD: swimming pool, gym, social space - library, rooftop cocktail bars, MOET bar, Hennesy cognac lounge, Cohiba cigar lounge, parking, video surveillance and 24/7 security.

In Sochi, one of the examples of a new apartment of 95-100 square meters is the Mandarin Park residential complex. This is a new building of business class, which is located in the central part of the city. Cost from $212,000. Library, swimming pool and cigar room, as in the example above, are not provided here

Legal conditions:

In Thailand, foreigners are free to buy apartment ownership, but with a limit of up to 49% of the apartments in a building. Buying land or houses with land requires a long-term lease or company formation, which may involve additional risks and costs.

In Russia, foreigners can also purchase real estate, but the registration procedure may be more complicated due to the need to comply with many bureaucratic procedures.

Additional costs and conditions:

Buying property in Thailand comes with low taxes on ownership, and developers often offer interest-free installments for the construction period. In Russia, taxes depend on the region and the value of the property, and mortgage rates can be higher, which increases the total cost of ownership.

Buying an apartment in Thailand may be more attractive due to lower property ownership taxes and the opportunity to invest in resort areas with high rental yield potential. And for those considering real estate for living in it, Thailand offers excellent amenities inside residential complexes, favorable climate all year round, quality construction and much more for the same money as real estate in Sochi!