Invest in Phuket, Thailand
Invest in Phuket, Thailand
SMART INVESTMENTS WITH HSH
While buying property in Thailand is a perfect method to invest your money, there are also many things that could potentially go wrong. Here are some examples: Unknowingly purchasing illegal land titles, Properties being built over other land borders, real estate scams, and unfinished off-plan project. Our team of experts will make sure you are completely protected and act only on your best interests. We will go above and beyond to make sure our clients needs are met and concerns are taken care of.
INVESTING IN PHUKET
Quality of life and Infrastructure
People who came to Phuket decades ago would not recognize Phuket today. The island has developed at an extremely fast pace and continues to develop every year even during this pandemic. Smart investors who visited Phuket many years ago when it was still an undeveloped island, saw the obvious potential of the behemoth tourist hub Phuket was going to become. With so much money coming into the Phuket economy over the past years, the infrastructure of the island has also improved immensely. There are now highways connecting all districts of Phuket and newly paved wide roads to accommodate the growing number of cars. Healthcare facilities are considered world class, attracting retirees by giving them access to modern and affordable medical care.
Phuket also offer very high quality of education with an option of a number of international schools and universities. Lastly, the new international airport connecting big cities like London, Paris, Hong Kong, Moscow and Beijing with direct flights into Phuket. Not to mention, the cheap air fares to Bangkok. The growth is seen where ever you go in Phuket. Most importantly, what makes Phuket unique is the wide array of a taste of Thailand you can find here: stunning temples, amazing cuisine, scenic island tours, local and international shopping centers, nightlife playground and some of the most beautiful beaches in the world. Who wouldn’t want to be here?
Perfect holiday home and potential rental income
Phuket’s tourist industry continues to grow exponentially, it is a guaranteed this sector will bounce back relatively fast after this global pandemic. During the last two decades, Phuket has already been through a Asian financial crisis, the Indian Ocean Tsunami and the global financial crisis. Even amidst these obstacles, the property rental market in Phuket will continue to flourish. Phuket, Koh Samui, Chiang Mai, Hua Hin – These destinations in Thailand are the only destinations where you can earn income with short term rentals and where you can set prices accordingly to the demand depending on the season. Unlike Bangkok where rental prices are relatively constant all year round. Having a property on a good location, bedrooms to accommodate multiple guests and amenities such as a pool, can generate very profitable passive income for owners. Should they wish to sell their house in a few years, prices would have certainly risen. There is no better place to have a holiday home than Phuket, its tropical climate, beautiful beaches and abundance in activities most certainly attracts both foreign and domestic investors to the island, including major hotel chains, retirees and individuals looking to settle on the island.
COVID SITUATION IN THAILAND
It is very clear that Phuket has been massively affected by the Covid-19 pandemic. The country’s tourism industry, which used to make up a fifth of its national income, has been hammered by the pandemic and the subsequent travel curbs. However, with the Phuket Sandbox program, we are starting to see the light at the end of the tunnel. More than 29,000 fully vaccinated international visitors hit the beach at Phuket under its sandbox scheme, generating nearly $50 million in revenue according to government spokesman Thanakorn Wangboonkongchana. Furthermore, Fully vaccinated foreign travellers will be allowed to visit Thailand for tourism purposes from 1 October, said the kingdom in a statement on Friday.
The road to recovery is a long one, but Phuket is heading in the right direction. What does this mean for Real Estate in Phuket? According to new market research from Thailand consulting group C9 Hotelworks, transactions in 2020 in top tier real estate hit its highest level in five years despite flat trading levels in the broader marketplace. This includes wealthy Thai’s who wish to escape the capital’s pollution issue and foreign buyers looking for good deals.