Thailand Time: 22 Aug 08 - 01:06    

Realising Real Estate Investments in Phuket

A few decades ago this island paradise was no more than a tin mining province, it has since transformed from tin donkey to iron horse in both the real estate and tourism sectors. In the late eighties foreign visitors from many different parts of the world started frequenting what is now known as the ‘Pearl in the Andaman’ myself included. Taking home one thing in common, a passion to tell others back in their homeland about their fascination of the wonderful Thai culture, the warm friendly welcome and of course the beautiful exotic surrounding that they had discovered combined with fantastic cuisine which has now become renowned worldwide.

Phuket is geographically blessed with most of the world’s major cities within a ten hour plane journey, enabling modern airline carriers to transport visitors new and old to and from their dream destination. Europeans have been frequenting their neighboring countries on vacation for generations with many deciding to purchase a second home or relocating themselves and becoming permanent residents. As time has moved on however, the relocation to what was once a less expensive lifestyle in the sun has now with the arrival of the euro monetary system and general inflation become as expensive as what was once their homeland.

Thailand however is still relatively inexpensive in comparison with exchange rates around 30 Baht to the Dollar, 50 Baht to the Euro and 60 Baht to the Pound Sterling compared to just over a decade or so ago when the Pound was hovering around 40 Baht to the Pound.

Combine the favorable exchange rate with the charm and beauty of a destination such as Phuket and you would have to go a long way to beat it, in fact you would probably waste your time and money trying.

Thailand is at the forefront of Asia’s growth and in Phuket even the financial crash of 1997 failed to have a dramatic effect on the enormous growth of the island. As did the Tsunami. The real estate market throughout the island has seen prices in respect of land and properties increase at least threefold over the last five years alone, with development generated along the west coast demand is now forcing developers to create luxury living accommodation on the east coast also.

There are now in excess of one hundred luxury developments throughout the Phuket island providing first class dwellings that range from 200,000 USD to 6,000,000 USD with the majority of the construction financed by foreign investment the construction is often overseen and managed by foreign developers that have decided long ago to wisely set up home here for themselves and their families and generate an income from encouraging others from their homeland and beyond to join them in paradise.

The vast majority of their developments have been carefully planned with designs that equal and often surpass similar projects anywhere in the world. If you compare the cost of luxury accommodation here in Phuket to that of the Caribbean then the term surpass is surely the correct one.

Phuket with its charm, splendor, beauty, tranquility, friendliness and safety is the last stop anyone who is looking for contentment in life should make.

Phuket has over the last two decades developed into a major tourist destination and for those fortunate enough to set up home here provides existing and ongoing development of shopping malls, entertainment plaza’s, international schools and hospitals together with quality western style homes throughout the island proving the island really is a true home from home.

So for those of you that are ready to start living the dream please view our website pages and purchase your dream property directly from a carefully selected list of some award winning developers that the island benefits from and claim your ‘cash back’ incentive directly from the developer for doing so…..

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