Why Move To Phuket For Permanent Residence?

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Why Move To Phuket For Permanent Residence

Phuket, Thailand’s largest island, is a great place to live for retirees and remote workers. The island offers a tropical paradise with beautiful beaches, warm weather and a relaxed lifestyle. It is also a popular tourist destination, which means there is a huge demand for properties for sale in Thailand, Phuket.

Market Of Real Estate In Phuket

One of the main reasons for moving to Phuket is the island’s real estate market. The resort has a large and varied real estate market with properties to suit all budgets. There are apartments, houses and villas for sale, as well as land for development. Property prices in Phuket are generally lower than in other popular expat destinations such as Singapore and Hong Kong. This makes the island an attractive option for those looking to buy property abroad.

Cost of Properties

The price of properties on the island varies depending on location and type of property. Check out this website to get an overall view of the real estate market on the island and in Thailand in general: Thailand-Real.Estate 

Apartments and flats for sale in Phuket can be purchased for as little as 1 million THB (approximately $30,000 USD), while luxury houses and villas for sale can cost upwards of 20 million THB (approximately $610,000 USD). The prices of houses and villas in Phuket are generally lower than in other popular expat destinations, making the resort an attractive option for those looking to purchase a property abroad.

Popular Areas of the Resort Island

One of the most popular areas to purchase property in Phuket is the West Coast, specifically in areas such as Kamala, Surin, and Bang Tao. These areas offer a mix of luxury villas and more affordable apartments, and are known for their beautiful beaches and proximity to amenities such as restaurants and shops.

Another popular area for property purchases is the East Coast, specifically in areas such as Nai Harn and Rawai. These areas offer more secluded and quiet living, and often have more affordable properties.

Huge Community Of Foreigners

Another reason to move to Phuket is the huge expat community on the island. Phuket has a large and diverse expat community, with residents from all over the world. This means that there are plenty of opportunities to meet new people and make friends, as well as to find support and resources for living abroad. The expat community in Phuket is also very active, with many social and cultural events happening taking place the year.

Great Place For Pensioners & Remote Workers

Phuket is also a great place for retirees. The island offers a relaxed and stress-free lifestyle, with many options for leisure activities such as golf, yoga and fitness classes. In addition, the health care on the island is of a high standard, with many international hospitals and clinics on the island. This makes Thailand’s resort a great place for retirees looking to enjoy their golden years in a tropical paradise.

For remote workers, Phuket offers a great opportunity to work from paradise. With good internet connectivity and a growing number of coworking spaces, it is easy to stay connected and productive while enjoying the tropical lifestyle. In addition, the cost of living on the island is relatively low, which means that remote workers can save money while still enjoying a high standard of living.

Real Estate Investment

Phuket is also a good place for investment in real estate. Investing in buy-to-let properties abroad can be a good way to diversify your investments and potentially earn a good return on investment. The market on the island is relatively stable, with a steady demand for properties. Additionally, rental yields can be quite high, which makes it a good option for those looking to earn rental income from their property.

Thailand’s island real estate market has been steadily growing in recent years, with many offerings from developers and real estate agencies. This has led to an increase in the number of properties available for purchase. This makes it a great time for investors to enter the market, as there are many opportunities for growth and potential returns on investment. 

With a growing market, government support and a high standard of living, Phuket is an excellent choice for permanent residence and investment. It’s a unique opportunity to enjoy a tropical lifestyle while still having access to all the amenities and opportunities of a modern city.

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