1. Phuket is an island
of only 543 sq km (for comparison, Bali has 5,780 sq km) with a large number of national parks (about 30% of the territory) where construction is prohibited. Limited supply leads to a shortage and increased cost of land and housing under construction.
2. Unique natural features:
Phuket is a high-class resort with wide beaches, 3,500 hours of sunshine a year, and national parks with waterfalls and elephants. Phuket is also a hub for numerous islands, including Samui and others.
3. Phuket is a centre of attraction for tourists
In 2022, the island was visited by more than 9 million tourists; in 2023, about 12 million.
4. The Thai government
is actively developing infrastructure projects on the island. Plans include building a monorail to connect the north and south of the island, reducing travel time to 1 hour. A highway is also under construction to alleviate traffic along the coastline; 28 km out of 75 have already been completed.
5. The resort atmosphere
includes the sea, beaches, clubs, a large number of restaurants, hotels, water parks, and other tourist attractions. All these activities provide tourists with opportunities to spend significant amounts of money, which ensures strong growth for the Phuket economy. The cost of resort real estate and its dynamics significantly outpace the cost of residential real estate.
6. The high-class marinas
for boats and yachts on the east coast of the island are major attractions for wealthy tourists and travellers.
7. Phuket's transport accessibility
There are inexpensive flights with transfers, such as those offered by China Eastern Airlines. Phuket's modern airport handles over 8,500 flights per month from 30 countries and over 130 routes. In December 2023, it served over one and a half million passengers.
8. The Thai government plans to establish Phuket as a destination for medical tourism
A new modern medical centre will be built in the north of the island, in the Nanchang area.
9. Phuket is a place with high-quality educational opportunities
There are more than 15 international schools on the island where instruction is conducted in English. The level of education is sufficient for admission to the best universities in Southeast Asia, America, and Australia. Education is an important factor for families with children who are planning to live in Phuket for a long time.
10. An important factor
for investing in Thailand is the stable exchange rate of the baht against the dollar and virtually zero inflation.
11. Many residential complexes
are constructed with the expectation of being managed by large hotel chains (Radisson, etc.). Renting out these properties provides confidence in the occupancy of apartments and guarantees a yield of 5-7% per annum.
12. There are attractive investment conditions
for foreigners, including the possibility to purchase real estate for ownership or rent for up to 90 years, opening bank accounts, obtaining long-term visas, purchasing a car, and much more.
