Property Investment Phuket
Finding The Best Property Investment Phuket
Why Choose A Property Investment Phuket?
Beautiful beaches, a wonderful culture, and a relaxing atmosphere. Sound familiar? Phuket is one of Thailand’s greatest tourist, expat, and retirement destinations. Everything about this world class, beautiful resort island signals continued growth and expansion in the real estate market. Finding the perfect property investment Phuket is great for first time investors or those adding to an existing portfolio.
Even during times of uncertainty and economic recession, Phuket is still one of the world’s most popular holiday destinations. With consistent tourism and an ever growing number of expats claiming Thailand as their home, owning or investing in a property in Phuket has immense value, in terms of both rental returns and long-term capital growth.
Thailand’s position as a world leader in attracting tourists, expats, and retirees shines through nowhere more clearly than in Phuket. This lush tropical paradise shows no signs of slowing down, and rightly so!
Searching For The Ideal Property Investment in Phuket
If you’ve decided that Phuket sounds like a promising location for property investment, the next step is to do some research. Phuket is the largest island in Thailand, and each area has a unique atmosphere. If you’ve never made your way to this beautiful Andaman island, book the next flight over!
Once you’ve done some research, it’s time to start the search for the ideal properties. Finding Phuket properties for sale isn’t difficult, but navigating the ins and outs of the market can be daunting. As real estate development rates in Thailand have increased as a whole, avoiding the expensive pitfalls of shoddily built and maintained properties becomes ever more important. If the legalities of owning property in Thailand worry you at all, then take a look at our newly published guide on Buying Property in Thailand as a Foreigner or for a shorter overview check out Can a Foreigner Buy Property in Thailand?
As real estate has boomed in Thailand and Phuket, there have been many cases of contractors taking shortcuts to quickly end one project and move on to another. Using a company familiar with the real estate market in Phuket will be essential for navigating these pitfalls. If you are truly looking for an investment property in Phuket that you can ‘rent out’ for a monthly income then take a read of the post linked below that outlines some of the considerations and unforeseen costs associated with ‘buying to rent’, especially in Thailand.
The Benefits Of Property Investment Phuket
Potential rental returns and future sales potential for properties in Phuket are high like much of Thailand, approaching 10 percent. Rental prices have continued to climb steadily as foreign tourism funds flow through the Thai economy. Property rise along with rental rates, providing real estate investors in Phuket some of the highest attainable returns.
Property investment security in Phuket (and Thailand as a whole) are greatly aided by the cash market nature of the property market here. Unlike many other real estate markets, financed properties are a rarity in Phuket. This provides greatly reduced unforeseen financial risks such as property market bubbles and crashes.
As property investors, we want to maximize our potential ROI when searching for the ideal property. As with any investment, security, future returns, and affordability are of the highest priority. Using a company familiar with property laws in Thailand, best practices for moving funds, and other important details can help you with all this and more.
If your goal is to invest for a monthly income and want the highest return on our money for the least amount of effort, work and headache, consider looking at an up-and-coming trend in hotel and resort investments, that ensure guaranteed returns and that are fully managed, giving you a genuine ‘hands off’ property investment.
For two of the latest offers and information on property investment Phuket check out Himalai Phuket or the Grand Himalai Phuket offered via Emerging Trends Advisors who advise and offer a range of hotel and resort investments throughout Thailand.