Considered Thailand’s largest island, Phuket is a favourite place tourists visit in the country. The island offers breathtaking views, diverse food options, vibrant nightlife, and a growing economy. Use these island offerings as an opportunity to consult a Phuket property agent and purchase either a vacation home on the island or rent a property that you can use long-term while you are exploring the island and its offerings.
According to experts, Phuket’s real estate is one of the most lucrative in South-east Asia. Use this knowledge to your advantage and make the right move of investing in a growing market. If you still need more convincing, here are more reasons why investing in the Phuket real estate market is the right move for you.
Endless Tourism-Driven Opportunities
Apart from being Thailand’s largest island, Phuket attracts millions of tourists each year because of its white sand beaches and landscape. Businesses try to maximise these tourism opportunities by building vacation rentals, villas, and condominiums. If you are interested in purchasing real estate on the island, you can also turn your property into a business. You can use it for Airbnb, long-term rentals, or make your property generate a passive income.
On the other hand, if you are not interested in leasing your property to other tourists, you can utilise this property for your own use. You can enjoy the island without worrying about where to stay since you already have a property in your name. You will truly be living the island life when you get your own place in Phuket.
Affordable Luxury Properties
If you are someone who is looking to invest in a luxury property, you should consider the market in Phuket. Compared to other tourist destinations, the prices on this island are more reasonable compared to the other island destinations. When you are aiming for value for your money, investing in Phuket is your way to go.
When you check on the available properties online, you will notice that on Zest Real Estate’s website, you will notice that prices of the condominium units vary depending on the area where the property is located as well as the developers. Nonetheless, the prices are relatively affordable.
Increasing Rental Yields
When investing for business, you would like to know how the rental market is in Phuket. You will notice that with the increasing number of tourists and digital nomads, Phuket offers competitive rental yields. With a booming market and increasing demand, you will surely earn beyond the target income of your property.
With the current market trends, you will understand that the demand is bound to increase, and when you are able to prepare and strategise accordingly, you will realise that the business opportunities become limitless.
Retirement Haven
Beyond business opportunities, if you are looking for a place where you can relax and live life the best way possible, purchasing your dream home in Phuket is the best move for you. With a thriving expat community, you will feel secure on this island and simply enjoy your stay in this beautiful paradise.
Your Phuket Property
Whether you are thinking of purchasing or renting a property in Phuket, the first thing that you need to do is to consult a legitimate real estate agency in Phuket. Zest Real Estate will help you dig deep into the Phuket real estate market. As a leading real estate agency, Zest Real Estate has a vast knowledge of how the industry works, which allows you to make a well-informed decision when you invest. Partner with Zest Real Estate today; visit their website for more information.
