7 Reasons to Buy a Condo in Phuket

7 Reasons to Buy a Condo in Phuket

Who needs a practical reason to buy a condo in Phuket? Here are some business-like ideas why it’s workable.

Phuket Unites the Worlds Markets.

Phuket has its own international airport which allows people from all over the world to fly direct to Phuket. Travellers can therefore spend less time in transit and can comfortably enjoy a hassle free flight, feeling less tired and free to spend more time having a great time.

The capacity of the airport is being expanded with the addition of another terminal which will add yet more direct connections to the outside world.

Bangkok’s airports are amongst the busiest in the region and also supply Phuket with growing numbers of domestic and international visitors.

Phuket is a regular host to several international events like the Kings Cup Regatta and Beach Volleyball.

Right to Buy For Foreigners

Foreigners are able to own condominiums freehold, so it’s a lot easier to own condo than it is a villa. Freehold law in Thailand states that a certain percentage of a condo development can be owned by foreigners, whilst the remainder will be owned by Thai’s.

By owning a business registered in Thailand it is possible to own land through that business.

Gateway to Desert Island Adventures

Phuket is well known for its endless beaches and warm sea’s yet this really is just a small part of what Phuket has to offer. Phuket is literally surrounded by countless islands big and small, developed and untouched. These islands are easily accessible by boat, whether exclusive private charter or tour. Many of these islands are precious national park and as such provide a stunning variety of local wildlife and dreamy beaches.

There is a large scuba diving industry based around Phuket. The area around Phuket is a world famous dive site offering a great number of awesome diving spots.

Asia’s Economic Union

With the introduction of the ASEAN community in 2015 will come more trade to Thailand as regional investors will be looking to invest in some of the new business opportunities that the union will create. Many of these investors will use Thailand as a base for investing in other countries like Cambodia, Lao and Vietnam.

Positive Performance of Property Values

Over the years property prices have risen quite steadily outperforming all over other areas in Thailand and on a level with Bangkok. Property owners in Phuket can look forward to a bright future when it comes to the value of their real estate.

Home Comforts, Mod-Cons and Essential Institutions to Western Standards

Several top class international schools have established themselves in Phuket. The existence of so many good schools in Phuket demonstrates that Phuket has a large middle class including expats and business owners who wish to give their children a solid education.

There are three international hospitals in Phuket that offer the highest standard of medical care in Thailand. These services are also provided at a fraction of the cost of those in the west.

Phuket has several international and national shopping destinations which provide western goods. It’s very easy to get the kind of things people are used to back home.

Reputed, Talented and Reliable Developers

Thanks to the growing demand for luxury properties there are many developers operating in Phuket that have an excellent track record, who build and design properties to a very high standard. All of this makes selecting a good investment property in Phuket a lot more straightforward and predictable.

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