Why Investing in Phuket Property Makes Sense.?
If you’re thinking of buying a holiday home or income-generating property, you might want to learn more about the huge upside potential of the Phuket property market.
Is buying property in Phuket a good investment?
Known as the ‘Jewel of the Andaman Sea’, Phuket has long been acclaimed for its pristine beaches and breathtaking scenery.
It should come as no surprise, then, that thousands of foreigners have decided to claim ownership of this tropical paradise. Initially drawn to the island as bewitched tourists, they are now either full-time residents or property investors in Phuket.
What made them buy in Phuket? Why is Phuket a good investment?
We hope this article can help potential buyers by highlighting the key driving forces for Phuket property in the medium to long term and explaining why the outlook is overwhelmingly positive.
Reasons to invest for both new and experienced investors
Bangkok Phuket Hospital
A constantly improving infrastructure
Some people buy property based on foresight and vision.
Sririroj International Hospital
You can also read more about hospitals in Phuket in our article here:
Phuket’s world-class hospitals
There is now a range of new quality schools for young families of all nationalities, with extremely competitive fees. The newly opened BCIS in Chalong even has the first planetarium in southern Thailand. Don’t be surprised if an international university is the next institution to come to Phuket.
If you are looking for a quality international school, you can find one in our article here:
International Schools in Phuket
As the transportation system continues to improve, what’s in store for the next few years is absolutely stunning!
The planned Light Rail Transit (LRT) system will make travel between the airport and tourist centers much easier and should also reduce traffic congestion.
A proposed high-speed rail system linking Beijing to Singapore will eventually become a reality. Known as the Pan-Asia Rail Network, much of this network is already planned and part is already under construction.
This high-speed train will obviously not serve Phuket directly, but once it is completed, smaller lines will depart from the west towards Trang, Krabi, Phang Nga and Phuket. In fact, it’s likely that the Phuket LRT will have its northernmost terminus not at the airport, but on the causeway in Phang Nga province. Any train connecting to this terminus will connect travelers by rail to the southern tip of the island.
Rail networks take years to build, and their construction is usually quite disruptive to residents and tourists. We have to expect delays, but when these projects are completed, it will be transformative for Phuket.