Phuket - The Property Market With Cheap Property

Property in Phuket is becoming more expensive. Prices have been driven up by factors such as the weakening of the Thai economy, the increasing attractiveness of Singapore as a destination for expatriates and investors from Western countries, and the influx of large numbers of retirees who have shifted base to Phuket and are now living in retirement accommodation. If you're looking to buy property in Phuket, you may be feeling somewhat disappointed that prices have not continued to rise, but you should keep one thing in mind: you can always move or reschedule your investment plan, if the prices start to rise again. Although Phuket may be cooling down from its recent property boom, there's still a significant number of property options available to suit almost any budget.

For people on a steady job, and looking for a vacation home, Phuket offers one of the most cost effective real estate investment opportunities in Asia. The low cost of living is a big factor in driving down the cost of Phuket property, making it a prime destination for people on a budget. Phuket properties generally sell for the same price as those in bigger cities, so beachfront villas and bungalows in Phuket are generally affordable. With an abundance of properties on the west coast of Thailand, it's also a great place to look for a property that is suitable for a holiday home, or even as an investment property.

For first-time property buyers in Phuket, it may seem surprising that prices haven't soared as much as they have in other countries, but there are several factors at work. One of the main factors contributing to the relatively low prices in Phuket is the low cost of living - in Thailand, this is known as "the green factor". With a combination of excellent air conditioning, water-based baths, and state-of-the-art amenities, Phuket has one of the best climates in the world, with average temperatures hovering around the low to mid-teens. This means that while tourists may expect to pay the full price for a one-bedroom apartment, prices for two-bedroomed Phuket properties are far more reasonable. Click here for more details about property phuket

The location of Phuket is also one of the major reasons why it is cheaper to buy property here. The main areas of Phuket, which are considered to be the more desirable locations by property buyers are the areas on the west coast, namely Patong, Nathon, Bophut, and Mai Khao. These areas are all along the busy and heavily traveled tourist routes, and are also home to many renowned hotels and resorts. As these properties are less expensive to buy, they are also ideal for first-time property buyers, who may be able to secure a smaller, less expensive property on the west coast.

If you're looking to buy property in Phuket that is still within walking distance of the beach, you will have to be a little more flexible when it comes to your holiday plans. While it is true that Phuket does receive a high number of tourists, there are still local residents who reside in the area. It therefore helps to plan your trips around these local residents, as well as where you wish to stay during your stay in Phuket. For instance, it may not be possible to stay at one of the more popular beaches if you were planning to sight-see along the west coast. While this can be a disappointment, it is often a simple solution to finding a property which allows you to get a better view of the beach. If you stay on the quieter, less frequented beaches, you will also be able to save money on accommodation.

Property in Phuket has to be seen to be appreciated. The area is highly photogenic, and there are a number of stunning beachfront and seaside properties available. If you can afford a property, you may even consider investing in a resort property or villa. Many of these properties are located in plush areas of the island, which tend to have far more space than the smaller, budget properties. Regardless of what type of property you choose, investing in Phuket will ensure that you never get bored with your holiday.