Why Should I Invest in Phuket?
Phuket is Thailand’s second-largest city after Bangkok, and the value of land there increases year after year. The real estate market in Phuket has not yet reached its peak, and unlike many other popular destinations around the world, there is still considerable potential for investment.
Developers continue to build lavish resorts and oceanfront estates to meet the demand of buyers, while a protected environment building policy ensures that the area’s majestic scenery, which adds immeasurable value, is preserved.
Over the last decade, the property market in Phuket has grown in parallel with the increase in tourist activity, driving up property prices.
Despite this, the market remains very affordable compared to other areas, such as China, Europe, or the US, and presents high growth potential for the future. For example, a large villa in Phuket can cost the same as a one-bedroom apartment in cities like Singapore, Hong Kong, or most Chinese cities.
These prices make Phuket an attractive prospect for investment and/or as a destination for retirement or expat living. The Phuket property market is mainly driven by tourism, while luxury real estate is dominated by Asian and Russian buyers. The fourth quarter of the year sees a high season for the sales of houses, villas, apartments, and condos. The peak tourist season also delivers high returns on rentals, driving the real estate market up.
Relocating to Phuket has become more accessible due to its impressive infrastructure, international airport, and excellent quality services. Yacht marinas, golf courses, and shopping malls, are some of the attractions that appeal to Westerners. This paradise island offers a taste of everything you can find in Thailand: stunning temples, amazing cuisine, jungle and island tours, local and international shopping centres, nightlife, some of the world’s most beautiful beaches, sport-fishing, sailing, and world-class diving.