Phuket, formerly known as Talang, lies off the west coast of southern Thailand in the Andaman Sea. Phuket is Thailand's largest island; it is connected to the mainland by two bridges and is approximately the same size as Singapore.
Home to some beautiful yacht Marinas the island offers endless opportunities for diving and sailing, it has superb golf courses and an international airport as well as a huge variety of international and local cuisine.
Phuket attracts people from around the world and has always been a popular choice for holiday makers. In that last ten years Phuket has become an increasingly popular investment choice for homes, second homes, investment properties and retirement villas. The property market is still booming.
The reasons Phuket makes such an attractive investment opportunity are many. The island has a laid back attitude compared to life in the west and is blessed with many stunning beaches. Its first class infrastructure and modern amenities such as international schools and hospitals, post offices, fast internet connections and stylish shopping venues make it as ideal for families with small children as it is for career couples and retirees.
When you choose to invest in Phuket Property you are choosing to invest in an island that enjoys a thriving tourist industry. With an increasing amount of holiday makers choosing to rent private villas instead of staying in a hotel, when you invest in a property in Phuket you have the option to renting the property out for some or all of the year and making it work for you.
Whether you choose to buy a plot of land and design and build your own home, choose to buy off plan or buy an existing property you will find a vast range of options available. You may choose to buy a condo close to the nightlife and the action or choose somewhere more relaxing such as Rawai or Nai Harn, where property is still very affordable. If you choose an older Thai property, and many although structurally sound are badly designed, by simply taking out a few walls you can affordably create your own unique living space and enjoy a tropical island project.
Getting to know and understand the laws and restrictions regarding buying land is easy and there is a lot of help available to make sure you make informed decisions.
With its all year round climate and immense choice in property style it is not hard to see why Phuket is one of the most popular property investment locations in the world.
Investment idea is double edge - first foreigners can't own land in Thailand, however it can be a good idea if property is bought as holiday home and can be rented during the time owner is not in Thailand.
ReplyDeleteReal estate prices are very high in Phuket, I personally doubt that majority of people can afford to buy a house there.
ReplyDeletePhuket is heaven on Earth, however properties there are very expensive, one more thing, it is good to ask for legal advice as it is real estate in another country and law is Thailand are not permitting to buy land on foreign name.
ReplyDeleteI personally don't think that it is a good idea to invest in real estate in Thailand. First the laws are a bit complicated for foreigners and 2nd it is overbuild everywhere in major resorts, so you can't expect to double the money from price raising.
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