Investment Property in Phuket – Thailand
Phuket Real Estate
The Thai island of Phuket is most definitely a tropical paradise. With an average year round temperature of 27 degrees centigrade, Phuket is a place for those who want, and more importantly can afford to live in luxury. To quote Homes Overseas Magazine’s Kathy Sandler:
“The island, located around 860 kilometres from the Thai capital Bangkok, has become the playground of divers, luxury holiday makers, eco-tourists and sun-seekers from around the world, and for good reason. Mountains cover around 70 per cent of the island and the lush, inland forest is beautifully complimented by pristine white beaches, creating a perfect property idyll.”
Phuket is Thailand’s most mature market having been popular with tourists for a few years now. As growth in Thailand’s property market has and is predominantly fuelled by tourism this has consistently pushed up property prices on the island, but according to experts there is still room for big profits. One Phuket real estate expert who can’t be named told me that prices rose 100% over the past 2 to 4 years on luxury properties priced between £500,000 and £5million.
The benefits of Phuket’s continued popularity are a strong holiday rental market and a well developed infrastructure that hasn’t affected any of Phuket’s beauty. If you can afford to pay a little more Phuket is the perfect place to buy a holiday home. You get a lot of property for your money.
Take David Stanley Redfern’s Phuket property, in the afore mentioned luxury price bracket, with prices between £480,000 to £695,000. For that you get a massive 4 or 5 bedroom villa on plots ranging from 1600 -1920 square meters. The villa’s have all luxury fittings, including solid teak flooring, and are built round a central courtyard containing a large infinity pool. What more could you ask for?
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