Investments
Samui is rapidly emerging as a major tourist destination in Thailand. Renowned for its beautiful beaches and natural landscapes, the island draws visitors from across the globe. A wide variety of sought-after real estate is available here, including 5-star hotels, apartments, and villas in Thailand. As more tourists choose independent travel over hotel packages, the demand for accommodation rises, making Samui a highly attractive option for investment. Let’s explore the advantages of investing in real estate on Samui.
Real estate in Thailand continues to attract significant interest from foreign investors, thanks to the country’s government incentives and stable economic growth. In 2022, most international buyers came from China, the US, the UK, France, and Germany. Resort areas, especially the island of Phuket, are of particular interest. Statistics show that in 2022, foreigners purchased twice as many apartments in Phuket as in 2021. Properties in these popular areas offer a stable rental income, often reaching up to 10% annually in the most lucrative regions.
Many visitors to Phuket often choose to return, not just for its stunning landscapes and pristine beaches but because foreign investors see it as a way to protect their funds from inflation by investing in overseas real estate. Purchasing apartments in Thailand offers a highly profitable, liquid asset that can generate a stable income. Let's explore the investment potential of Phuket's real estate market this year.
What type of real estate in Thailand is the most promising for investment in 2024? The situation in the market during the first half of 2024 appears ambiguous. The country is experiencing a decrease in the number of transactions, while property prices and annual yields are simultaneously rising. The slowdown in the growth rate of the housing market has sparked discussions about liberalizing legislation for foreign investors, which may attract new investments. It is important to note the differences between two market segments: resort properties and condominiums, the latter of which are frequently purchased by citizens of the kingdom using mortgage financing.
Foreign investors show strong interest in purchasing real estate in Thailand, particularly in the bustling city of Pattaya. Located on the mainland along the coast of the Gulf of Thailand, Pattaya attracts many tourists with its pleasant climate and convenient location. The demand for real estate in Pattaya remains consistently high throughout the year, making it a promising investment opportunity.