Just over twenty years ago, Phuket was but a humble fishing community, quietly going about its daily activities. Today, it is one of the most popular tourist destinations in the world, offering large shopping complexes, luxury restaurants, boutique hotels and resorts, and much more. On top of that, Phuket is continuously growing, all thanks to the worldwide attention it has been receiving over the years.
For these reasons, if you are wondering whether or not Phuket is an excellent investment opportunity, in terms of real estate, here are three reasons it is:
1. Constant Increase in Demand
Thailand is projected by many to enjoy steady growth in its economy, especially in the real estate industry. This also reflects in Phuket, which is an island that also enjoys plenty of visits from visitors worldwide. Many of these tourists first arrive in Phuket as people enjoying their vacation, only to realize the opportunity to have a piece of its real estate markets and return later to carry out the deed.
With trends increasing and real estate prices being reasonably affordable (for the time being), now might be the perfect chance to grab a piece of Phuket for an incredible amount of returns.
2. Cheaper Real Estate Options
While the country is expected to enjoy a growth in its real estate markets, the prices you’ll find on Phuket’s properties are much lower compared to other countries. For example, you might be able to purchase a villa in Phuket for the same amount of money if you were to buy a small apartment in Singapore.
Not only are the prices here much more attractive, but so is the location itself. Whether you’re purchasing a home here to make returns or buying a house to relocate to Phuket, either way, you’re making an excellent investment choice.
3. Attractive to Expatriates
The fact that Phuket enjoys a large amount of expatriate shouldn’t be a surprise, thanks to the island’s excellent infrastructure that allows for ease of relocation. This is further proven true thanks to the growing number of quality international schools around the island, as well as other amenities, such as shopping malls, golf courses, and much more.
What does this mean for you? The number of outsiders coming to live on this stunning island is going only to grow larger. With an ever-growing increase in demand, real estate prices are just getting higher and higher.
For this reason, Phuket has been enjoying plenty of international and even domestic investments, especially by developers, expatriates, and property renters. With the ever-improving infrastructure, luxury amenities, and quality education, the prospect of moving to Phuket to live here permanently is seemingly becoming a more enticing option.
There are many reasons you should consider investing in Phuket. Whether you want to invest in its real estate for the sole purpose of renting it out to others to make a hefty return, or only purchasing a home to live in when you retire, you can never go wrong with your choice. Thanks to the island’s quality amenities, improved infrastructure, and unrivaled natural beauty, Phuket will continuously grow thanks to tourism and investors who are realizing the investment opportunities that are unfolding before them.