Gorgeous stretches of sandy beaches and a vibrant nightlife; Phuket offers the best of both worlds. Tan and lounge by the beach at day, indulge in delectable local and international cuisine, and party at the bustling bars and nightclubs at night – such is the lifestyle that Phuket has to offer.
In 2013, Phuket has responded to the large influx of predominantly Mainland China tourists by expanding its airport and infrastructure to transform the renowned tourist destination into the Sailing Hub of Asia. This is positive news for Phuket property prices.
There is great potential capital appreciation in the next 2 years – the huge influx of Mainland Chinese tourists to Phuket will potentially convert into property sales by these Chinese tourists in the next few years (as a general indicator, direct flights to Phuket from Mainland cities have increased from 7 to 22 over the past 1 year).
The Beautiful Phuket
Phuket is located on the west-southern part of Thailand. Formerly called Talang, this place is the largest island in the country. It is as big as Singapore, and is connected by two bridges to the mainland. The island is not just a home to some luxurious yacht marinas, but it also offers a large array of opportunities for sailing and diving.
The island is blessed with beautiful beaches. Although it has a more laidback atmosphere compared to Bangkok, it is complete with modern and first class infrastructures like hospitals, schools, and malls. Moreover, the local and international cuisines as well as the superb golf courses are great attractions in the area. For this reason, many families and retirees choose to settle there - and some of them discovered the place as tourists who fell in-love with it.
Phuket Property Investment
For the past several years, Phuket has become a favorite destination for tourists from different parts of the world. This is the reason why the island became a popular choice for investment properties such as retirement villas, homes, and land. Some of these properties have been turned into resorts, cottages, and villas for rent and their owners are earning great returns.
There are many property options for investors in Phuket. They can choose from condominiums, houses, and luxury villas that are available for lease and purchase. Investors can select on a unit to invest based on their demands and criteria. For instance, they can choose to buy or invest in a condo near an area where nightlife is very active - Patong. For those who want a more relaxed environment, they can find an affordable property in Nai Harn or Rawai. If they want to build a home with a spectacular sight of the ocean, then there are properties for sale along the seaside areas that they can choose from. If they prefer something that offers a higher rental yield, there are options for that too.
Above: Phuket properties generate return yield of around 8-12% p.a.
The chart above on Patong’s land prices shows that prices doubled almost every 4 years.