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Investment opportunities in North Phuket
Real Estate Specialist
Date: 31.01.2024
Reading time: 5 min.
Views: 470In recent years North Phuket It has become a magnet for investors from all over the world, attracting them with its beautiful beaches, warm climate and abundance of investment opportunities. Despite the impact of the pandemic, interest in buying property in this area of Thailand continues to grow, especially among foreign investors.
Advantages of investing in North Phuket
- North Phuket offers many advantages for investors.
- Its proximity to the international airport makes it easily accessible for tourists and business travelers alike.
- The area is home to some of the most beautiful beaches in the world, making it an ideal holiday destination.
- Low taxes and affordable real estate value make investing in North Phuket attractive to people with different budgets.
- The developed infrastructure provides comfortable accommodation and attracts more and more tourists every year.
- North Phuket offers a wide range of properties, from affordable apartments to luxury villas.
- Stable economic growth and stable political situation make investing in this region reliable.
- High demand for rental housing provides a stable income for property owners.
- The favorable climate and a variety of natural and cultural attractions attract tourists all year round.
- The presence of many international schools and hospitals makes North Phuket attractive for families.
Investment locations: Knighton and Nai Yang
Some of the most popular places to invest in North Phuket are the neighborhoods Knighton and Nai Yang. These resort areas offer a variety of opportunities for investors including apartments, villas and commercial properties.
Knighton: The area is known for its beautiful beaches and luxury villas. Here you can find villas ranging in value from US $ 1 million to US $ 5 million, depending on size and luxury. Apartments in this area usually cost from 200 thousand to 1 million US dollars. Commercial properties such as hotels and restaurants are also available for investment, with prices varying depending on the location and size of the property.
Nai Yang: This area is attractive for investors due to its proximity to Phuket International Airport and the availability of various types of real estate. The cost of apartments here starts from 150 thousand US dollars, and villas can be purchased for an amount from 500 thousand to 2 million US dollars. Commercial properties, including shops, restaurants and hotels, are also available for investment.
Both areas offer high potential for growth in the cost of investment, thanks to the ever-growing tourist flow and infrastructure development.
Pricing and item examples
Property prices in North Phuket vary depending on the type of property and its location. On average, the price of an apartment in Knighton starts at $ 100,000, while villas can cost from $ 500,000 and above. In Nai Yang, apartment prices start at $ 65,000, while villa prices start at $ 330,000.
In Mai Khao, which is a more exclusive area, apartments start at $ 165,000, while villas can cost up to $ 1 million or more. In Bang Tao, known for its luxury resorts and golf clubs, apartment prices start at $ 130,000, while villas can start at $ 660,000.
It is important to note that these prices may vary depending on many factors, including the size of the property, its condition, proximity to the beach and other attractions. In addition, investors should consider additional costs such as taxes, service fees, and insurance.
Return on Investment in North Phuket
High profitability is one of the key advantages of investing in real estate in North Phuket.
Specifically, in the Knighton area, the average rental rate for an apartment is approximately $ 650 per month. At the same time, villa owners can expect an income of about $ 3,300 per month.
In the Nai Yang area, the situation is slightly different, but still remains attractive for investors. The average rental rate for an apartment here is around $ 500 per month, and villas can generate income of up to $ 2,600 per month.
Thus, investments in North Phuket real estate can provide a stable and high rental income.
Description of various contracts with management companies
On the territory of North Phuket, a variety of contracts with management companies are offered. Depending on your needs and preferences, you can choose the most suitable type of contract for you.
Guaranteed rental income contracts: These contracts assume that the management company guarantees you a certain rental income from your property. This can be an attractive option for investors who want to have a stable and predictable income.
Flexible contracts: Under these contracts, property owners have the opportunity to use their property at certain times of the year. This can be convenient for those who want to use the property for personal recreation or want to rent it out during certain periods.
Real estate investment in North Phuket can be favorableBut before making a decision to buy, it is important to conduct an in-depth market analysis and consult with real estate experts. This will help you make an informed choice and avoid possible risks. In conclusion, real estate investments in North Phuket can be very profitable. However, it is important to do thorough research and consult with real estate professionals before buying a property.
The main advantages include high rental income potential, availability of a variety of properties, proximity to the international airport, beautiful beaches, low taxes and stable economic growth.
thousands of US dollars, and villas-from 1 million US dollars. In Nai Yang, prices for apartments start from 150 thousand US dollars, and villas - from 500 thousand US dollars.
In Knighton, the average rental rate for an apartment is about $ 650 per month, while villas are about $ 3,300. In Nai Yang, the rental income for an apartment is around US $ 500, while for a villa it is up to US $ 2,600 per month.
There are contracts with guaranteed rental income, where the management company guarantees a certain income, and contracts with flexible terms that allow owners to use their property at certain times of the year.
In addition to the purchase price, investors should take into account taxes, maintenance fees, insurance, and possible costs for repairs or upgrades to the property.
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