One look and you’ll instantly know why Phuket was visited by 4.3 million tourists just in the first half of 2024. In fact, a lot of these tourists fall head over heels in love with the island that they end up making it their home.
So if you’re one of those who are thinking about making Phuket your second home, you could be contemplating on buying a property on the island. And no one can blame you since a lot of tourists buy villas in Phuket all the time. But is it really a smart decision?
Phuket has very competitive rental prices.
Because the island attracts millions of tourists, you can expect that almost everything here is priced higher, including villa rentals. Now if you’re constantly visiting Phuket or you decide to move here permanently, renting might not be the best choice, especially with the average rental price going up for as much as AUD10,588 or THB223,580. So instead of paying for something that won’t be yours, it’s smarter to invest in a villa that can be an asset in your investment portfolio. The good thing is, you can use the house as a holiday home whenever you’re on the island and rent it out for the rest of the year, so it can generate some income for its own mortgage.
You get a slice of paradise as your home.
If you live in a place where you either get a lot of heat or snow, you’d appreciate being on a tropical island where you get the best of both worlds and a little bit of everything in between. Phuket has some of the most stunning beaches in Thailand, and the lifestyle here is so laidback that you can really relax. Instead of rushing every day, you get to enjoy the slower pace of life where you wake up to the sound of the waves, enjoy your food and just savour each minute of the day without worrying about the traffic, the chaos and the busy way of life.
You’re guaranteed to enjoy a higher return on investment.
One of the best things about investing in a villa in Phuket is that you know that whatever you decide to do with the property later on, you’re guaranteed to enjoy a higher return on your investment. With the real estate market on the island booming continuously over the years, property prices are also going higher. This trend is expected to continue in the next few years. So if you want to sell the property in the future, you can guarantee that you’ll get a good profit out of it. But really, who would want to sell a beautiful villa in paradise?
If you’re going to invest in a holiday home, make Phuket your location, and you’ll never regret it. Get started by browsing through our selection of villas for sale on the island, and let us know exactly what you need.
You may also read (a comprehensive guide to investing in your first beachfront property).
