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Phuket – “To Invest or Not to Invest” That is The Question

Invest in Phuket

Phuket’s beaches are hugely popular with tourists, expatriates, locals and retirees. The family friendly Rawai Beach is famous for its fish market and seafood restaurants while Nai Harn beach is more suited for swimming or walks around the lake.

A few miles north are the wonderful beaches of Kata and Karon. Also, the beach of Kata Noi borders the southwestern coast of the island of Phuket. An ideal location for families in search of fine sand and a full range of services appreciate the bays of Kata and Karon. To meet the increasing demand of quality accommodation, several projects offer furnished apartments with a wide range of services and amenities which are equal to some of the best hotels in the world.

Patong Bay is the most popular destination in Phuket. The incredible beaches are not the only attraction to the location bust also the nightlife which is organized around the Bangla Road attracts revelers from all over the world. It has also become a “shopping” destination with a wide range of retailers, brands including the now famous Jungceylon shopping center. To complete the offer, you can find cuisine from around the world as well as excellent Thai cuisine. There are opportunities to buy a studio in the city center to the most luxurious residences around the bay that cater for investment opportunities to meet all budgets. Phuket has the most popular beaches in Asia and Thailand has over 26 million visitors a year making it the 10th most popular travel destination on Earth.

Kamala Bay is only 10 minutes ride on a tuk-tuk from Patong with it’s beautiful beaches, small restaurants, bars and shopping. One of the most famous attractions is “Phuket FantaSea” which offers a spectacular show in the heart of the entertainment park that is a delight for both children and adults. Kamala is also famous for the “Millionaire Mile” on the coastal road which has some of the most luxurious sea fronted villas in Phuket. Less than 2 km from the beach are several real estate projects offering an alternative to hotel accommodation for families on holiday in Kamala. These are mainly fully managed properties that allow owners to get the maximum return out of their investments by renting the assets when they are out of the country. Kamala Bay continues to grow as a destination with its close proximity to the entertainment of Patong.

Following the walk will lead us to Surin beach at Mai Khao Beach in the northwest of Phuket.

Is it really worth investing in real estate in Thailand?

This is the main question asked by potential investors from around the globe

Following several measures introduced by Governments around the world, it is clear that investors with real estate assets or company owners must review their exposure and look to diversify where appropriate.

Retirees are also affected by these new measures and are concerned about the decline in purchasing power due to increased taxation.

More than ever, the idea of investing outside Europe is topical, and Thailand is now on the list of countries that offers an interesting alternative to the usual suspects

Quality services

Most residences offer a pool, gym, sauna, Jacuzzi, tennis court, parking and 24-hour security which makes life easy and comfortable for the property owners, but also adds significant value to perspective tenants when looking to rent the property out.

Phuket has an International Airport with a large number of direct flights from capital cities from around the globe

Phuket is at the forefront of global technology and enjoys an enviable international reputation with the Bangkok Hospital and Phuket International Hospital,

Reasonable taxation

There is a tax treaty between many European countries and Thailand. This means that if you declare rental income in Thailand, you will not have to pay tax again in your country.

The tax rates on rental income are calculated based on the following sliding scale:

  •  Less than 150,000 Baht (3,700 Euros to 3800): 0%
  • From 150 001 to 500 000 Baht (3700 to 12,000 Euros): 10%
  • From 500,001 to 1 million Baht (12,000 to 24,000 Euros): 20%
  • From 1 to 4,000,000 Baht (24,000 to 98,000 Euros): 30%
  • Higher than 4 million Baht (98,000 Euros): 37%

About PhuketLux by RE/MAX CondoDee

Our high-end projects related to Phuket luxury properties offer you Rental Yield Guarantee Programs in for a piece of mind and to get you a great return on your investment going forward. 

See more details at our website www.PhuketLux.com

Call us: +66 6 1949-1426 – English, +66 2 038-5897 (Thai)

Email: remax@phuketlux.com

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