Considerations when buying a luxury property in Phuket

Phuket has been listed in the top five preferred places to live in the world by the prestigious “Forbes magazine”!  When considering a purchase of a luxury property, Phuket property should not be overlooked.  Despite its popularity as a holiday destination, Phuket still offers extraordinary value for money for those wishing to purchase real estate, particularly individuals or Companies able to invest in the top end of the residential & commercial property market.

Phuket, in the south of Thailand is often referred to as the “Pearl of the Andaman”.  The surrounding sea really is a delightful azure blue, its beaches are numerous and the island attractions are eclectic.  When considering purchasing luxury property in Phuket it is important to bear in mind that Phuket has consistently proven itself as a location where capital investment can be confident in capital growth. 

Phuket is quite rightly referred to as South East Asia’s premier resort destination, but with the growing number of luxury properties being made available both as developments & resales, an entry into the luxury end of Phuket property continues to represent a wise investment either as a permanent home, a holiday retreat or commercial pursuit.  With its plethora of world class hotels, restaurants, spa retreats, golf courses, international & appealing shopping venues, world renowned health care, nightlife & the myriad other things that might be desired of a tropical paradise, Phuket really has no equals!

Phuket has consistently proven itself as a destination that people aspire to when considering buying luxury property!  Governance within Phuket places great emphasis on planning laws with a view to retaining the natural splendor of the island.  When you buy a luxury property in Phuket you can do so knowing that environmental protective measures & height restrictions along with other protective measures will ensure the natural beauty of the island well into the future.

Importantly, tourism is Phuket’s premier industry & Phuket is acknowledged as being the wealthiest province in Thailand.  Significant measures are undertaken & maintained by the national government in order to ensure its natural beauty is retained.  This attitude is likely to continue & further adds to the short & long term benefits of those that invest in luxury property within Phuket.

The expense of investing in luxury Phuket property can be prohibitive but the island’s natural beauty and outstanding attractions along with its relatively low cost of living make Phuket a very tempting proposition.

Historically Phuket’ investment appeal for those considering luxury property continues unabated, this despite a number of global & Asian economic downturns over the last fifteen years or so.  The luxury property market, indeed real estate in general has seen sustained capital growth throughout this period.

Apart from the capital growth aspect of investing in Phuket’s luxury property market there is another consideration to be borne in mind; Phuket has a permanent population of less than 600,000.  Yet its annual visitation by those seeking the tropical holiday of a life time exceeds 6 million per year!  The demand for quality high end holiday rentals is vibrant and the investor looking for a return can be confident that demand for prestigious luxury property will remain.

To recap, island infrastructure, outstanding & affordable healthcare, internationally accredited education institutions, nightlife, beaches, an international airport and the Thai people themselves cultivate a very real sense of being “happy” that only a few places on earth can offer.  Phuket is a premier consideration for luxury property with a tropical lifestyle.