In Phuket, the share of condotels exceeded 30 percent

The popularity of condotels in Phuket continues to grow. To date, the share of condotels in Phuket already exceeds 30 percent of the total number of new hotel rooms.

This segment is expected to real estate in Phuket will grow over the next few years. By 2021, the supply of offers across the island should exceed 3,000 units.

What is driving the condotel trend? The fact is that condominiums in the form of hotels are beneficial to private investors in Thailand who do not want additional difficulties with obtaining a special license for short-term rentals. 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 only to save, but also to 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 buying apartments to building your own resort complexes.

Why do buy property in Phuket? Everyone has their own goals. Most often