Phuket is changing and these changes are so rapid and large-scale that they affect all sectors of life on the island. By 2025, Phuket transport infrastructure will change beyond recognition as well as prices for property. Numerous great projects have been launched and some will be complete till the end of 2024, for example, new airport terminal, four-lane road Kata-Patong, expansion of the seaport, 60km railroad.
Local companies have already predicted the growth of interest in real estate and started a construction activity. Here some more reasons why to make an investment:
- Phuket will be a haven for IT-startups
According to the annual rating, Nomad List cities of Thailand are often in the TOP 10 best places in the world for remote work. Phuket town is among the top 20 cities for freelancers. The Thai government supports this trend. In 2016, the Prime Minister presented the national project of Phuket as a startup hub in Asia and a world-class center for advanced technologies. Thus, by 2020 new investors will be attracted to the island. Comfortable conditions for crowdfunding and IT entrepreneurs will be created here.
- Phuket is a leader in the tourism market of Thailand and Asia
The beaches of this island are among the top ten most beautiful in the world. Today, Kata and Karon’s districts remain very attractive for investments. In five-ten years Surin, Kamala, and Bangtao will become the most popular areas.
- The island will become the center of yachting
In 2016 there was the opening of the yachting season of the whole Asia. It was successful and in 2017 the providers managed to attract the most prestigious brands in the world of yachting as Feadship and Royal Huisman.
- Phuket real estate is a universal offer to diversify risks
The property is represented by a variety of offers – from luxury villas on the beachfront to economy apartments. This is a unique opportunity for an investor to diversify risks and allocate capital to different assets.
- Real estate brings 8% of annual income
Phuket real estate remains one of a few opportunities a long-term investment. The return reaches 7-10% per year. The risks of losing capital are incomparably lower than anywhere else.
Invest now, while the going is good!