Thai boom: PhuketInvestRealty experts talk about the prospects of the Phuket real estate market in 2025

After the downturn in the “pandemic” years, the Thai real estate market is showing tremendous recovery rates. Demand for investment properties, especially from foreign buyers, has grown significantly. Rising real estate prices and an increase in the number of transactions confirm the positive dynamics. The Thai residential real estate market will reach $154.5 billion in 2024 and grow to $202.33 billion by 2029. Asia, and Phuket in particular, is now a peacekeeping zone. There are many people from different parts of the CIS, they are friends with their families, work together, do business. There is no mention of negativity and politics in general. The island is small, so everyone becomes friends, because we speak the same language. Firstly, the warmth of the local population is impossible not to notice: the eternally smiling Thais are always ready to help. Secondly, the infrastructure is developed. There are a huge number of kindergartens and international schools. Our eldest son went to first grade this year and learned English practically from scratch in six months. Thirdly, one of the best healthcare systems in the world. It is not cheap, so expats take out insurance. For example, one night in a hospital can cost several thousand dollars. For us, who are used to free healthcare in Russia, this was a shock. However, insurance solves this issue: its cost is about 500 dollars per year per person. Convenient geographical location is another advantage. Flights within Asia take only a few hours. For example, it takes only 1.5 hours to fly to Singapore or Malaysia, and 6 hours to the UAE. The Thai mentality is "sabai", which means living a measured life and not rushing anywhere. Therefore, it took about three months to process all the documents. This included obtaining a business visa for the whole family. We were assisted by a lawyer who now works in our agency. Our agency PhuketInvestRealty helps people change the gray high-rise buildings outside their windows to the sea and palm trees. We also solve all the issues on a turnkey basis: placing children in schools and kindergartens, obtaining insurance and visas, helping to establish life on the island. In addition, we organize leisure and help to make new acquaintances. The income from renting real estate in Phuket can reach 15%. Resale brings 60-70% profit, and sometimes more. We have our own management company, which takes on the full cycle of managing your property. We transfer the rental income minus our small percentage in any currency and to any point in the world. Maintenance is also completely on us. Phuket is an island with a limited amount of land, and in the coastal area almost everything is already built up. Foreign investors are actively buying up entire floors or buildings in new projects. Demand is growing, and with it, so is competition. New projects are planned in Phuket: expansion of the airport, which will be able to receive up to 15 million people a year, construction of roads and shopping centers. All this increases the attractiveness of the region.