House in Phuket

Introduction to Phuket Island

Also known as the Pearl of Andaman Phuket is the largest island of Thailand. It is located in the Andaman Sea  862 kilometers South of Bangkok.  Formerly Phuket’s economy was based on tin and rubber production. Nowadays the island is one of the primary tourist destinations of Asia. Beaches, bays and coves  are the leading appeal for many holidaymakers. Despite being predominantly mountainous the island visitors can enjoy numerous crystalline beaches with pristine white sand, all surrounded by an idyllic environment.  With regard to residential properties Phuket offers accommodation for the entire range of visitor, from the budget traveller to the wealthy.

A wide range of leisure activities are available all over the island:  diving, snorkeling and a number of water and outdoor sports . The visitor can also find many beautiful and known beaches such as  Karon,  Kata,  Bangtao, Surin, Patong and Kamala beaches. In addition, several smaller islands with fine sandy beaches and surrounded by a spectacular natural environment are easily accessible by boat.

Property market in Phuket

Phuket offers residencial properties ranging from luxury beachfront villas  to small apartments. The property market has experienced an upward trend in recent years, powered by the rising demand from foreigners and Real estate investors. Eurozone citizens are one of the most active investors  along with Americans and Australians. The recent weakness of the european currency doesn’t seem to moderate the appetite for Real estate properties.

As it can be easily deduced,  the growing demand across the entire spectrum of  properties available  creates an increase in land prices all over the island, especially when the land is  suitable to build houses and condominiums with sea views.  Due to the shortage of beachfront land many condominium developers decide to build on the hillside to maximize views of the Andaman Sea.

Many experts think that this  upswing trend is in its early stages and will be sustainable for long time ahead. The scarcity of land supports this line of argument,  as it does the fact that the island offers good infraestructures and modern facilites  with a privileged and natural environment, mostly unspoiled.