The advantages of investing in real estate in Phuket
Phuket is Thailand’s premier tourist destination, so it will be an ideal place for anyone looking to invest in real estate.
The dynamism of tourism combined with a booming real estate market and tax incentives presents a real opportunity for investors.
Real estate investment in Phuket
1. Real estate in Phuket: Wide range of options
There are many real estate projects and quality real estate in Phuket. The accommodation options are such that there is something for every taste and budget, old and new.
Those looking for tranquility and nature will buy a villa in Bang Tao, away from the hustle and bustle. Those looking to rent an apartment in the center of town, close to the activities and beaches, will turn to the accommodations in Patong for exciting days and nights. Phuket offers luxury hotel residences in a unique location: beachfront, with private Jacuzzi and breathtaking panoramic views of the bay.
The services are first class and adapted to a demanding international clientele: tastefully furnished and fully equipped residences with pool, gym, golf course, spa and restaurant.
Buyers tend to purchase well-located, affordable and easy-to-rent studio and one-bedroom apartments. These commodities are purchases that provide adequate financial security while increasing wealth.
2. Popular destinations
Investing in real estate in Phuket
Phuket is a must for a vacation in Thailand.
It is a 1 hour flight from Bangkok and attracts millions of travelers each year, delighting investors with recurring and large rental months. With 10 million tourists per year, you will have no problem renting a place in Phuket.
There is something for everyone on this island paradise. Couples and families will love the miles of sandy beaches, while friends will spend the night at one of the many bars, restaurants and nightclubs in the resort. Golf enthusiasts will enjoy the resort on the western side of the island. Those seeking tranquility and authenticity will go to unspoiled spots like Nai Harn Beach.
There is no shortage of hiking, diving spots have an international reputation and the spas are an invitation to serenity. The gentle way of life, the beauty of the landscape, the popularity of the locals, the mild climate and the competition make Phuket a top tourist destination.
3. Phuket: Profitable real estate investment
Investing in real estate in Phuket is a profitable investment.
All you have to do is buy a condo or a villa in Phuket. The prices are particularly attractive, and even allow to realize a consequent capital gain at the resale (with little or no taxation). The price range is wide. It is easy to find a property that best suits your budget.
Whether you are looking for a small furnished studio in a nice residence or a luxury villa in a posh area of Phuket. With the dynamism of the destination, annual rental yields can generally be guaranteed between 7% and 10% of the property’s value.
4. Peace of mind
In Phuket, many property developers are keen to simplify your life. They can manage your property without you having to take care of anything. Very convenient when you don’t live there. The management takes into account the renting, the logistics, the delivery of the keys, the maintenance of your property. Some even offer a rental guarantee, ensuring you income every month of the year, even if your property is not rented. Real estate promoters benefit from concrete experience in hotel management and rental profitability due to the market time.
5. Quality of the infrastructures
Phuket’s main asset is the diversity and quality of its infrastructure.
Two hospitals (Bangkok Hospital Phuket and Siriraj International Hospital) have state-of-the-art equipment and staff, an international airport for easy travel, good roads, an international school for children, luxury marinas for yachting and sailing enthusiasts (Phuket Boat Lagoon, Phuket Royal Marina, Yach Heaven Marina), modern transportation, shopping malls to find all international brands.
Everything is done so that your tenants do not miss anything during their stay.
We can mention here the famous first class restaurants, the discotheques with crazy nights or the always popular markets.
Phuket is the destination that offers the most profitable investment opportunities in Thailand, and the demand is not about to wane.
Investing in Real Estate in Phuket:
Detailed information on the various investment options in the Phuket real estate market.
1. Residential purchase
When it comes to real estate, of course, the first thing that comes to mind is this type of investment. Buyers live year-round or as a second home. Investing by infatuation, by desire to go abroad, not for returns.
2. Pure rental investment
Pure rental investment consists of buying a property with the intention of renting it, not living in it or even having to go there.
3. Rental investment with individual occupancy
There are also real estate programs with guaranteed rental income that offer as a supplement a free personal occupation of the property for the vacations.