Luxury hotel investment Phuket is showing a lot of potential. The growth in this industry has been observed for quite some time now. In fact, the real estate sector in Phuket has been attracting further growth and investments. One of the most notable to come along is from a partnership effort between Castlewood Group and Nikki Beach.
Reasons to Invest in Phuket’s Real Estate Development Sector
There are a lot of good reasons why property investors should investigate the potential of Phuket’s property sector. Aside from being highly recommended, the current investments already established have proven to be quite resilient. They have also established the fact that Phuket’s market share is currently on the rise.
Best Upmarket Tourist Destination in Asia
Although some people may argue this point, many people will also readily agree with this claim without any reservations. In 2007, it was reported that Phuket had a total of 2.85 million tourists visiting the island. The number of tourist arrivals represents the upper echelon of the tourist market in the world.
The tourists who visit Phuket usually come from countries like Germany, Sweden, South Korea, UK, and Australia. Back in 2007, a total of 345,641 tourists visited Phuket. This represents the highest number of tourists from any given nationality for that year. Inquiries about the many resorts and tourist destinations also came from places in the Middle East, Africa, Eastern Europe, Asia, Scandinavia, Oceana, Thailand, UK, and North America.
Steady Rise in Market Value
Condominiums and other properties have been reporting increasing market values.