In recent years, Rawai and South Phuket have seen the beginning of a surge in development. When considering a real estate investment property, the community must have adequate infrastructure to meet your needs and suit your lifestyle. Here’s a shortlist of improvements already underway in South Phuket:
• New Marina in Chalong Harbor with visa on arrival by boat and yacht.
• Short distance to modern hospitals.
• Newly upgraded tourist areas.
• More 4-5 star resorts upcoming in Rawai and Naiharn.
• New restaurants, bars & retail amenities.
• New tourist activities and related tour companies.
• New European chains, supermarkets & department stores.
• New residential and condominium developments.
• New construction supply and finishing materials stores.
• New subdivisions.
“The Beachfront in Rawai provides outstanding oceanfront property investment opportunities.”
Choosing when to buy a real estate investment property is just as important as determining where to buy. To get the most from your money, it’s crucial to make your property investment in an area experiencing a wave of growth and development. Most mature areas are near the top of the “S” curve, meaning their value will remain the same or begin to decline. With Rawai and South Phuket near the start of its upward curve, the time is perfect to invest early.
Real estate, especially residential real estate, makes a great investment that provides excellent returns on income and can provide a continuous income year after year. There are a number of ways to get into investing in real estate, but pre-construction is one of the fastest-growing with some of the fastest and highest returns.
There are many reasons why investing in pre-construction real estate is something to seriously consider. Pre-construction condominiums are some of the hottest pieces of pre-construction real estate on the market today.
The first reason why pre-construction real estate is something to consider as a smart way of investing is lower initial prices. Pre-construction real estate usually has a lower initial value than what the condominiums or property will be worth after it has been completed. This allows you to place yourself in a position to make a considerable return on your investment. Depending on the terms of the contract, you may have to hold on to the property for a while after it is built. However, by renting that property, you not only gain a monthly income from your investment, but also, at the end of the term, if you sell, the market usually will have shown great appreciation year after year, meaning you can earn additional amounts from the sale.