Investing in Phuket property remains popular among foreigners seeking better returns than currently being offered by bank deposits. From condominiums to villas, across a broad range of prices, sizes and areas, there is always something to suit all budgets and tastes.
There is no doubt that Phuket's sea view villas and condos are the properties always in the highest demand on the island. Phuket's stunning coastline, with its numerous capes and promontories that jut out into the sea, not only provide developers with more land for sea view, they also provide stunning views looking northwards or southwards over the bays that have been created. The amazing views this landscape has created attract both those seeking a home in Phuket desiring sea views, as well as investors wishing to capitalise on Phuket’s tourism boom
The attractions of Phuket for property investors is obvious. With its booming tourist sector, stunning scenery and competitive pricing, the island continues to attract those seeking both capital appreciation and those more focused on generating rental income. Phuket has come a long way over the last 20 years, with massive improvements in infrastructure, numerous new tourist attractions, incredible shopping experiences, and incredible night life. This rapid transformation does not appear to be abating, as plans for the future are as exciting as those we have already experienced over the past two decades.
As one of Thailand's most dynamic property markets, the Phuket real estate market has come on leaps and bounds over the last few decades. Coupled with its booming tourist sector, the island is always attracting both new residents and investors. As the market has evolved there is now a wide range of condominiums and villas to choose from. From west and east coast sea views, to central mountain views, even marina views, the property market has something to appeal to every taste.
Laguna is Phuket’s only integrated resort, covering over 1,000 acres along the island’s west coast, adjacent to the 6km long beautiful Bang Tao Beach. As well as offering both villa and condominiums for sale, Laguna is well known for its world-class facilities, numerous 5-star hotels, restaurants and prestigious 18-hole golf course.
Condominiums are by far the easiest way for foreigners to own property in Phuket. They may own the condominium in their own name, with legal ownership registered at the local Phuket Land Department. Ownership is in perpetuity i.e. forever and, generally speaking, condominiums are much cheaper and easier to buy or sell at a later date. Due to the condominium markets popularity among foreigners, there are now a multitude of projects to choose from across the island, with a broad range of sizes and prices.
SECTION 1: BUYING PROPERTY ON PHUKET ISLAND, THE TROPICAL
Luxury villas and condos have been in high demand for the last decade, but especially so over the last 5 years. Any high net worth individual looking for a luxury holiday home or investment property, will be captivated by Phuket's beauty and modern infrastructure. It has now been touted as one of Asia's finest retirement destinations.
High net worth individuals have been drawn to Phukert for decades. But the recent increase in arriving affluent Phuket residents has also seen the increase in luxury villas on the island. Both the east coast and west coast now have villas reaching over US$20 Million and the pace of these new super villas being constructed does not seem to be abtating.
Luxury villas in close proximity to the beach are in extremely high demand in Phuket, for both buyers and renters. Most have excellent views, amazing on-site amenitities and many have direct access to the beach. Although most luxury villas are on the west coast, the quieter east coast of Phuket is also attracting attention lately!
Over the past 5 years, Phuket has been attracting more and more families, mainly due to the constantly improving infrastructure and the number of new international schools opening on the island. New hospitals, dental clinics and the ever expanding number of shopping venues has made Phuket a tropical lifestyle paradise!
The areas in high demand in Phuket are mainly situated on the west coast, where the turqoise clear waters attract tourists in their thousands. The Laguna, Bang Tao and Surin areas are in close proximity and all are extremely popular, but so is Nai Harn in the south. For those looking for a party atmosphere, Patong is the place to be!
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