Invest in Phuket real estate and experience memorable emotions

The economic development of Thailand is deeply connected with the emergence of the so-called Asian Tigers. Still, while Singapore, Hong Kong, South Korea, and Taiwan have already reached their limits, the experts believe that Thailand holds promising prospects for future prosperity. Phuket stands out as Thailand's primary hub for overseas investment in resort real estate. Foreign investors consider buying villas by the sea in Thailand for investments because of the island's white sands and crystal-clear azure waters, along with its tropical foliage, humid and warm climate, diverse culinary offerings, and relatively economical living expenses.

Following brief visits of just a few weeks, many tourists find themselves inclined to invest in rental properties on the island. The real estate prices in Phuket prove to be budget-friendly in comparison to equivalent properties in European coastal resorts.

The overview of the Phuket real estate market

As in any other destination, the price of property is defined by its location and view. If a villa is located right on the seaside, its cost will be two or even three times higher than the same property in remote areas.

Let's look at the neighborhoods offering resort real estate in Phuket.

Bang Tao

Bang Tao, also known as Laguna Beach, is situated on Phuket's northwest coast. Backed by a wide open harbor, it's one of the island's longest beaches. Furthermore, Bang Tao is the island's most abundant beach. Rich people from all over the world have their vacations here. The hotels provide gyms, SPAs, and multiple restaurants serving food from various nations. The quality of service is flawless.

In 2023, the costs of condominiums start from 5 million baht to 71 million baht. Villas are more expensive, the price range is 25 – 215 million baht depending on the footage.

Kamala

A major draw for long-term visitors to Phuket is the quiet and cozy nature of the Kamala area, which also offers a great selection of homes, villas, and apartments to suit all budgets and tastes, from luxury to low-cost lodging. The area's close proximity to vibrant Patong, the hub of the island's nightlife and entertainment, is another benefit.

At the southern part of Kamala Beach is Cape Amarin, known as the «Millionaires' Mile». There are luxury private villas scattered on the hill (each costing at least $10 million), a royal residence there, and spacious hotels by the water, such as the famous Andara Resort & Villas, Hyatt Regency, Cape Sienna Hotels & Villas.

As the resort constantly improves, today's prices differ significantly from future prices. Those who invest wisely today will receive the highest dividends in the future. Prices for real estate in Kamala range from 5 million baht for 38 square meters to 16 million baht for apartments with 72 square meters.

Kata and Karon

The beach of Karon is six kilometers long, running north to south. Snorkeling is possible in Karon's southern region, while the northern area is more "party" and has more stores and restaurants. The waterfront in Karon is an excellent place to stroll and jog. There is not so much noise but the nightlife and shopping are booming.

Property in the hills is up to four times less expensive than property on the seashore at Karon Beach, making the contrast between the two real estate types particularly apparent. In Kata, condos range in price from 300,000 baht to 8 million baht, while villas are priced between 53 million baht and 21 million baht per unit.

Mai Khao and Nai Yang

The northernmost beaches of Phuket's West Coast, are located near the airport. There are special restrictions on construction due to the development of the Natural Reserve. This is why the area is slower to develop than the rest. Mai Khao has several 5-star hotels and some apartment complexes under construction, which means there is potential for further growth.

The areas have all the necessary infrastructure so living there is comfortable and peaceful. If you are looking for a quiet place on the seaside, monitor the beaches Mai Khao and Nai Yang. Condos are available at 4 million baht, villas cost about 10 million baht.

Due to the variety of options, foreign investors can choose the suitable property in the chosen location. Set the goal, visit several destinations, stroll across the beaches, explore the real estate, and make the right decision.

Factors that influence the real estate market in Phuket

Investigating the real estate market in Phuket, foreign investors need to consider several factors that influence the price range. The most significant are:

• Limited territory for the development. There will be a huge increase in prices when the available territory comes to an
• Rising labor The pandemic forced workers to change their living places. However, the current situation is balanced and they are returning to Phuket.
• The interest of shrewd foreign investors. The first investors who came to the island were Europeans and Americans. They continue buying Thai real estate due to positive experience and regular profit.
• Strong tourist interest. A property's proximity to the coast and view of the seashore are important factors - properties with these features are more valuable.
• Sustainability of Thai economy. The world crises have not affected the economy of the country. Even when it had to face periods of recession, Thailand demonstrated a quick recovery.

Conclusion

The experts believe that the future flow of tourists and investors will be several times more active than today. Therefore, investing in real estate in Phuket now guarantees sustainable income in the future. Visit the website Thailand-Real.Estate to look through the options available and make the rational choice of an investment project. The up-to-date database offers unique residential objects carefully selected and checked by professional specialists.

The profits of investing in Phuket real estate are evident. Wealthy foreign investors seeking to combine comfort and possible financial gain will find this island appealing due to its amazing natural surroundings, varied tourism offerings, and reasonably priced accommodations.