IS PHUKET A GOOD PLACE TO INVEST IN REAL ESTATE?

Investing in Phuket property is a wise decision for anyone looking to purchase a holiday home or generate income. Known as the “Jewel of the Andaman Sea,” Phuket is famous for its stunning beaches and breathtaking scenery, attracting thousands of foreigners who have decided to buy property on the island. The current pace of development is similar to what Spain went through in the 1970s, and it is still in expansion mode, making it a fledgling market with huge upside potential.

Investors are drawn to the potential of rental income as Phuket’s tourist industry continues to grow exponentially. Rental yields in the high seasons are similar to other popular holiday destinations, but Phuket offers year-round rental potential, making the ROI far superior. Additionally, the relative cost of living in Phuket is still extremely low, giving investors more bang for their buck compared to other resort destinations worldwide.

Phuket’s infrastructure is rapidly improving, making it more accessible to tourists and residents alike. The healthcare facilities are world-class, and an array of quality new schools for younger families of all nationalities has emerged. The shopping experience is also one of the best in Asia, with new Central Festival and Central Floresta malls. Furthermore, buying costs and taxes are much lower in Thailand than elsewhere, making it more accommodating to new property investors.

In conclusion, Phuket property is an investment like any other and carries risks, but the potential upside for investors in the years ahead is considerable.