Phuket was first discovered back in the mid-1980s as a beautiful tropical destination in Asia. Since then, th e real estate business has boomed. As a matter of fact, Phuket is one of the most expensive locations outside Bangkok where you can buy real estate.
There are various types of real estate properties in Phuket such as townhouses and villas. Many businessmen, expats and jetsetters own a piece of property in Phuket that they use as vacation houses from time to time.
If you are looking to purchase your own piece of Phuket real estate, you must know that you may have a lot of competition as there are many other investors, as well as resort and property developers who are also looking to buy those properties that particularly have a beautiful sea view. If you are fine getting a property that is inland, though, there are a lot available. You can easily contact some local Phuket real estate agents who could show you around the island. Aside from the residential villas and townhouses, you can get properties that would be great for investment or for retirement.
Some of the prime real estate properties in Phuket would include those in Patong, Kata and Kamala but most of these have already been bought by Thai businessmen and are presently used for resorts and other commercial uses. As for the other areas, many are still being developed, especially in areas like the Kalim Bay and those that are above the Kamala beach or the Surin beach. Other real estate locations such as the Bang Tao’s Laguna complex have been transformed into beautiful lagoons and luxurious five-star resorts.
Real estate properties in Phuket also widely vary in cost. If you are considering getting a home in Phuket but do not have the money to compete with millionaires who are also looking for some properties there, you can always choose to get those that are located in housing developments inland like those in Chalong near Phuket Town. You also have the option of building your home in one of the traditional neighborhoods. If you are a real estate developer, you might want to look into getting land in the eastern coast, where there are few beaches, such as the Koh Siree peninsula.