Reasons that make Phuket an attractive location for your permanent base, holiday home or place to spend your retirement.

Phuket is Asia’s premier resort island with amazing natural beauty including idyllic beaches, amazing diving, first-class hotels, spas, magnificent golf courses, yacht marinas, a plethora of fine restaurants, vibrant nightlife and excellent shopping.

Phuket has one of the fastest growing property markets in the world with an increasing number of high-quality projects by internationally-renowned real estate developers. Environmentally-friendly planning laws and height restrictions ensure that developments are low key and low density.

Phuket is Thailand’s wealthiest province and also the jewel in the crown of Thailand’s tourism industry, therefore receiving a high degree of protection and investment from the central government in Bangkok.

The cost of living in Phuket is very low compared to Europe or other premier resort destinations. In an article titled Paradise Found: Where to Retire Abroad Fortune magazine recently named Phuket as one of the top five places to retire to, “where you can still live like a king on your savings”.

Phuket’s appeal is so strong that it was one of the only places in Asia that were unaffected by the Asian economic crisis during the late 1990s. Property values also remained strong even after the 2004 Indian Ocean Tsunami.

Rental returns on apartments and villas continue to remain high as more and more holidaymakers are opting for the privacy of rental property over a hotel room. With visitor arrivals topping 5 million in 2013, the demand for holiday rentals will continue to grow.

Infrastructure and services continue to improve at a fast pace. With two international standard hospitals on the island, quality healthcare is available at a fraction of the cost in the West.

English language primary and secondary education is available on the island with international schools that follow the British or American curriculum, including the British Curriculum International School, formerly Dulwich International College.

3 Factors That Most Foreigners Consider When Buying A Property In Phuket

More and more people are choosing to buy properties in Phuket, Thailand. Phuket is one of Asia’s most sophisticated and most established property markets. Over the past twenty years, property developments have been sprouting around the island that heightened the influx of investors. Currently, the demand for properties is high, especially in newly developed areas of Surin, Bang Tao Beach, Layan, Cherng Talay, and the coastal areas in the southern part of the island.

Compared to traditional areas, Phuket boasts an assortment of options to property investors, whether they are looking for apartments, condominiums, villas, or residential houses. Property investors will not run out of affordable options. Although most part of the development in Phuket is designed for the wealthy, there are affordable properties that stretch over the bays of the island’s west coast.

Reasons for Investing in Phuket

There are many reasons why people choose Phuket as a property investment opportunity. Whether they are looking for a permanent home, a holiday getaway, or an investment opportunity, the primary reasons in considering a property in Phuket can be classified broadly as leisure, financial, and social.

Leisure and Culture – Phuket is home to some of Asia’s island resorts that boast stunning natural surroundings combined with extraordinary facilities for guests. It is home to idyllic beaches and unscathed rainforests, making it a perfect destination for pleasure seekers, extreme sports junkies, or food connoisseurs. Properties in Phuket have something unique to offer to everyone who wants to imbibe the authentic culture and experience exceptional relaxation.

Financial Opportunity – Phuket is one of the premier tourist destinations in Thailand and is recognized as one of the wealthiest provinces in the kingdom. The Thai government realized the value of Phuket in the kingdom’s entire economy. Phuket remains as one of the commanding presence, in terms of investment opportunities. This makes Phuket one of the leading choices of individuals who want to have a piece of property in one of the fastest-growing economies in Thailand.

Social and Economic – The island’s economy is one of the lowest costs of living cited, all over the globe. Compared to other western countries, Phuket has become one of the most attractive choices for people who want to retire because it remains to be the most comfortable and modest place to live. Phuket is the core location for many infrastructure developments in recent years. Additionally, Phuket offers high standards of healthcare services at a very reasonable price.

By: JustClose Team