Anybody that knows me knows I can’t eat the spicy Thai food, so the first words of Thai that I learnt was “mai pet” little spice. You could also carry this philosophy over into the real estate market in Phuket by setting your sights off that big investment luxury Phuket beachfront villa or condo and opting for a little investment in a local Thai development.
These less expensive developments are usually located on the edges of resorts and golf courses areas so you will have an extra 5 minute drive to the beach, but on the plus side you don’t have to put up with traffic in the popular built up areas, which means you can move around the centre of Phuket, saving time for that quick trip to the shopping mall.
Sure, the developments built to target the foreign investor have more resort facilities and superior management, but if you’re saving 50% + on the property purchase and paying less management fees it’s definitely worth an investigation. How about a villa with private pool near a golf course instead of on it? Or replacing that sea view condominium with views of the beautiful lush green jungle?
These cheaper and great value properties have great rental potential to the mid to long stay rental market. Renting to long term trusted professionals on a 1 – 2 year contract or to the retired, the retirement market keeps getting stronger, especially after a recent report placed Phuket in the top 5 places in the world to retire. A lot of people dream of the perfect Phuket lifestyle for 6 months of the year while their own country is cold and miserable.
If your initial idea of owning that dream ocean view home was too ambitious, but you still want a little slice of Phuket paradise, there are some great property opportunities available.
Prices start from as little as 1.5 million Thai Baht (USD $ 45,000)
Contact me via the form on the “Contact Barry” page, or by e-mail to firstname.lastname@example.org if you would like any more information on a more affordable Phuket property.