What are foreign buyers looking for when deciding to purchase real estate or to invest in Phuket?
4 things: attractive prices, economic stability, incredible investment opportunities and prime location in Asia...
Recently, Phuket has seen a great expansion, and the island continues to grow rapidly.
This reality has become very attractive for anyone looking for a new investment opportunity.
In addition, Phuket is becoming one of the best places for investing in real estate — whether it’s a part-time vacation home or a vacation rental.
The future for Phuket is very bright. The area is full of opportunities and highly desired locations, and this has helped the Phuket's luxury real estate market to boom. -
Estate companies are expanding their investment to develop more commercial and residential projects.
Phuket is a prime Tourist destination, boasting an international airport that has just doubled its traffic capacity this year, and the 'Pearl of the Andaman' continues to attract more and more tourists from all around the world and specially from China now. Prime operators have taken over the luxury villa marketing.
The completion of Phuket airport’s expansion this year is expected to have a great effect on resort property sales.The strong tourist attraction for the island of Phuket gives to the property market a large rental potential, guaranteeing a great investment returns for investors and owners
Real Estate Phuket is Thailand's second largest city next to Bangkok where is the value of land rises every year. The property market in Phuket has yet to peak and unlike other desired destinations throughout the world there is still enormous potential for investment. Developers continue to build lavish resorts and oceanfront estates to cater to demand, while with a protected environment building policy, the majestic scenery which adds priceless value, is maintained.
Phuket has seen its property market grow up as the same time as its tourist activity during the last ten years, rising the property prices in recently but the market remains very affordable compared with Europe or US and keeps a high growth potential for the future .
If the most luxurious villas Phuket are negotiate from 1.5 million USD, with a budget of USD 200,000 you can have a villa with 2/3 bedrooms for about $ 200,000 and an apartment for 80,000 USD.On the whole island of Phuket, you can make some investment in programs of apartments (condominiums) designed as real investment products and offering mostly of rental guarantees around 7% over during 5 to 7 years.Internationally well known developers animate a highly dynamic real estate market with quality projects that fit into the tropical landscape of Phuket through legislation that protects the coast and limit the height of buildings.
Besides the beautiful beaches, the nice weather, the amazing quality of life and the low cost of living, Phuket Island is one of the most prosperous parts of Asia.
Also Phuket, the richest province of Thailand still remain the first tourism destination in Asia. More than 8 million of tourists in 2013, and excellent prospects for the next years, rental returns of Phuket properties remain high. And the island go on to develop its infrastructure which already offers excellent international schools and hospitals.
Phuket also offers a variety of activities like boating, diving, golfing, party, shopping and of course relaxing. The seven international golf courses rivaling beautiful scenery and views of the Andaman Sea make the island a paradise. Phuket offers for visitors and residents the pleasure of wonderful landscapes on the island itself , many of surrounding islands (Koh Phi Phi, Koh Lanta, James Bond Island...)
The island of Phuket is considered by experts as a relatively safety place for property investment including significant long-term returns. But you must be selective to optimize this investment and privileging some criteria such : the location, the quality of building, the size of the development, the design, the accessibility, the environments and the most important is the professionalism of the developer.
This short brief overview will probably make you understand why the real estate market in Phuket annually appreciates significantly and that it should continue...
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