Investors Flock to Midscale and High-End Properties in Phuket

According to recent data foreign investment in Thailand's real estate market has seen a significant increase in the past year. The top 5 foreign nationalities buying condos in Thailand in 2022 are Chinese (33%), British (15%), Malaysian (9%), Singaporean (8%), and Indian (6%). Chinese buyers alone have invested THB 20 billion in Thailand's real estate market in the past year followed by British buyers with THB 8 billion and Malaysians with THB 5 billion. The overall foreign investment in Thailand's real estate market has increased by 10.5% compared to the same period last year.

One of the main reasons for this increase in foreign investment is the growing interest in Thailand as a destination for property investment. Many foreign buyers are purchasing condos for investment purposes (63%) as the country's stable political environment and strong economy make it a viable option for long-term investments. Additionally average price of a condo purchased by foreign buyers in Thailand is THB 4.5 million, making it an attractive option for those looking to invest in property at a relatively low cost.

In addition to the growing foreign investment in Thailand's real estate market domestic market is also seeing positive growth. The total number of low-rise housing launches in Bangkok in 2019 was 8,742, an increase of 21.2% from 2018. The total number of low-rise housing sale transactions in Bangkok in 2019 was 8,144, an increase of 22.7% from 2018. Furthermore average price per square metre of low-rise housing in Bangkok in 2019 was THB 56,913, an increase of 4.2% from 2018.

Why Choose Phuket for Real Estate Investments

Phuket known as the "pearl of the Andaman Sea" is another popular destination for real estate investment in Thailand. The Phuket property market offers a wide variety of options for both homebuyers and investors including low-rise condos. One highly recommended option for those looking to invest in a low-rise condo in Phuket is the "The Heights Phuket" located in the heart of Phuket Town. This development offers modern and stylish condos with sea views and easy access to all that Phuket has to offer. With prices starting at THB 4 million it is an affordable option for those looking to invest in Phuket's real estate market.

Great option for investing in low-rise condos in Phuket is "The Palms Phuket" located in the exclusive area of Surin Beach. This development offers luxurious condos with private pools, sea views and top-notch facilities. With prices starting at THB 8 million, it is a perfect option for those looking for high-end properties in Phuket.

For those interested in purchasing a low-rise condo in Phuket, we recommend contacting a reputable real estate agent with experience in the Phuket market. They can provide valuable insights and help navigate the buying process. Don't miss the opportunity to invest in one of the most beautiful and sought-after destinations in Thailand.

In conclusion Thailand's real estate market is showing strong growth and Phuket is an attractive destination for property investment. Whether you're a first-time homebuyer or a seasoned investor, the Phuket property market has something to offer everyone. So, if you're considering investing in a low-rise condo in Phuket, now is the time to take action. Contact us today to start your journey to owning a piece of paradise in Phuket.