In 2023, the tourist flow to the island increased by 30%, and further growth is expected in 2024, which contributes to the active recovery of the real estate market. Phuket is expected to receive more than 10 million tourists by the end of the year.
This growth supports a dynamic increase in demand for real estate, with prices projected to increase by 8-10% in 2024.
- Investment returns from renting out real estate in Phuket have reached 15% per annum.
- Returns on investment at the construction stage exceed 30%.
In 2023-2024, the tourist flow to Phuket is actively growing, contributing to the recovery of the real estate market, increasing demand and rising prices, as well as high investment returns from rental and investments at the construction stage.