Phuket’s property trends are on the up and up. As tourism steadily increases, mostly thanks to the Chinese market, and baby boomers choosing early retirement on the island, the property boom will continue into the foreseeable future and the long term prognosis looks good.
It is no secret that Phuket has a lot to offer. An attractive, island-destination in southern Thailand, Phuket is one of the most affordable destinations in the region. Deemed a luxury destination, one does not need to have a luxurious bank account to live an extremely comfortable life here.
The general cost of living in Phuket is much cheaper than other cities in the Southeast Asian region. Day to day expenses are minimal, healthcare is of high quality and affordable, while the wide variety of international schools on the island are attractive for families. Throw in the low cost for leisurely activities such as golf, wake boarding, scuba diving, Muay Thai training and the wide variety of gym and fitness programs on the island and one can be easily happy and healthy here in Phuket.
Property prices do continue to rise in Phuket, and this is due to a few factors. Thailand offers a retirement visa which is issued to foreigners over 50 years of age. Phuket is an attractive retirement destination and many of those being issued retirement visas are scooping up property as fast they can.
Another factor is Phuket International Airport. Currently, Phuket is accessible from nearly anywhere in the world and as the international airport continues to expand and grow, more visitors will come to the island. Airfare to Phuket is relatively cheap and travel quite easy, so as the island continues to progress and push forward, we should see more tourists on a year-round basis boosting the economy.
Lastly, it’s important to note that as Phuket continues to expand and grow, the government is wholeheartedly focused on tourism and approves the updating of infrastructures such as roads and communication over the last few years. Phuket prides itself on being a world-class luxury holiday destination, and the future is bright for the island in that respect.
Basically, although property prices have continued to rise in Phuket, it has become more affordable to own prime real estate on the island, and more and more people are becoming aware of it. If you happen to be one of these aware people who is looking to purchase property on the island of Phuket, do reach out to us via info@phsproperty.com
Phuket Holiday Services offers a wide range of property developments on the tropical island of Phuket with affordable prices, attractive returns and exceptional perks. Mostly based in and around Patong, our property developments offer the very best of both worlds – serene beach escapes with close proximity to the world-famous destination of Patong and its energetic nightlife, world-class shopping and dining venues.
Why Phuket?
– The island’s property boom continues to grow
– Phuket is one of the most affordable destinations in the region
– Thailand offers a retirement visa which is issued to foreigners over 50 years of age
– Phuket is accessible from nearly anywhere in the world
– It has become more and more affordable to own prime real estate on the island of Phuket
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