The number of condotels in
Phuket continues to grow rapidly. The island-wide supply is expected to surpass the 3,000 mark by 2021.
Condotels are becoming increasingly popular in Thailand, particularly in Phuket, according to experts. This
Phuket real estate segment will grow over the next few years. To date, the share of condotels in Phuket already exceeds 30 percent of the total number of new hotel rooms.
What is driving the condotel trend? The fact is that condominiums in the form of hotels are beneficial for private investors in Thailand, who do not want the extra hassle of obtaining a special short-term rental license. Recall that according to Thai laws, the owner cannot rent out condominiums for less than 30 days without a special license. Condotels solve this problem.
Investing in real estate in Phuket is one of the most optimal and proven ways not to only save, but also increase your savings. This is extremely relevant in the conditions of the economic crisis.
Why this mountainous island with tropical forests is so attractive for serious investments. First of all, by the fact that it presents a full range of real estate transactions, from
purchases of apartments
