SECTION 1: Buying Property on Phuket Island, the Tropical Paradise Destination
SECTION 1: BUYING PROPERTY ON PHUKET ISLAND, THE TROPICAL
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!
Phuket has been going through a massive transformation over the past 10 years. Delivering tourists to their hotels, and making sure people can get around has been one of the main foscuses of the authorities here. Aside from traditional Thai Tuk Tuks, motorbike rentals and new Grab taxi's, the island has also implemented a new Smart Bus network which extends from the north of the island to the very south, all along the west coast.
Here we discover the best areas in Phuket to live and to get the greteast rental potential from owning a villa or a condo. The west coast has always attracted more foreigners than the east coast, and rental yields tend to be far superior the closer a property is to west coast beaches. Phuket's west coast is a tropical paradise!!!
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