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.
About Real Estate in Phuket: The Pearl of the Andaman 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 in 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 USD 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 location 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 7 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 property market in Phuket annually appreciates significantly and that it should continue...
If you are interested to purchase a property in Thailand, you must at first to define your center of interest
-Looking to buy a property as an investment.
If you are looking to have the highest return on investment, our agency has a team specializing in the best new real estate projects in Phuket which generally offer a guaranteed rental yield ranging from 5 to 10% over a period of 3 to 5 years.
-Looking to buy a property both as a holiday home and investment
For buyers who wish to be able to enjoy their home in Thailand for the vacation and also have a rental yield, they can benefit from rental management programs managed by the developers or use the services of a third-party rental management company. .
In both cases, this facilitates and secures their investment because the owners do not have to take care of the rental management of their property.
-Purchase a home for living or for retirement
Due to its superb quality of life, its magnificent climate and its low cost of living, its medical and educational infrastructures of high standards,Thailand is a prime destination and if you who wish to live in Thailand, buying a property is an option to consider.
Contact our trusted realtor team who will be happy to guide you and give you all the information to take the right decisions to realize your real estate project. Our company is specialized in the Rentals, Sales and Investment in Thailand Residential Real Estate and also Business Property in Phuket.