Phuket property yields 8% annual income
Phuket beaches are regularly included in the top ten most beautiful in the world. Today, the Kata and Karon areas remain very attractive for investment. Even with a relatively modest budget, you can buy properties here that will bring in stable foreign exchange income today.
In five to ten years, the most popular areas will be Surin, Kamala and Bangtao. There are still undeveloped areas in the coastal areas of these beaches, international hotel chains are moving in (for example, in 2013, the Hyatt Regency Phuket Resort opened on Kamala Beach), and local authorities are preparing several large infrastructure development projects. For example, in 2016, a project was approved to build a park near Surin Beach. The development of the beaches will expand Phuket's recreational opportunities and secure its status as a tourist leader in Southeast Asia.
Today, there are still offers for real estate purchases on the first coastline of the promising areas of Surin, Kamala and Bangtao. As the areas develop and are built up, the demand for rent will increase and the number of projects available for investment will decrease significantly.
Real estate in Phuket remains one of the few opportunities for stable and long-term investments. The return on investment reaches 7-10% per annum. Yes, these figures cannot be compared with the opportunities for earning on the stock exchange, in your own business or when working with venture projects. But the risks of losing capital when investing in real estate are incomparably lower than anywhere else. In addition, it is much more profitable than bank deposits, which melt away due to inflation.
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