Recently ranked fifth among top holiday destinations in the world, Phuket is attracting more and more property investors than ever before. Read on to find out why.
A Life Style Choice
Apart from investments for business purposes, a growing demand for real estate to fulfil lifestyle choices have emerged. Many people now wish to own a holiday home or private villa tucked away someplace beautiful.
Improved Infrastructure and Lower Taxes
The stability of the Thai Baht and lower taxes in Thailand have contributed to an increase in foreign investments. This, in turn, has led to the improved development of infrastructure of the burgeoning residential areas. While a number of schools and hospitals too have been founded to cater to the growing affluent population.
Given the large amounts of tourists that Phuket attracts each year many premier hotels, exclusive beach clubs, and theme parks have popped up thus allowing the island to establish itself as an internationalised destination.
Types of Properties
Over the latter years, a number of private villas and condominiums have sprung up to facilitate the growing trend. These range from basic entry level properties to high-end ones which have in turn been developed by Phuket property investment companies such as Infinite Luxury.
A true believer that the pen is a mighty weapon, Joanna James ventures into reaching the minds of every reader with the earnest hope of leaving an indelible stream of thought. Her interests include Politics, law and Philosophy. Google+