VILLA AND CONDO RENTALS IN PHUKET BECOMING VERY POPULAR
In resort areas like Koh Samui, Phuket and Pattaya, over the past 10 years luxury properties have been popping up all over the place at a very strong pace. The luxury holiday market has expanded and also shifted from the Caribbean to Asia. Because of that, private regional investment has increased sharply as rental returns that can be generated from second homes offer opportunities for owners to enjoy an income while their property value appreciates. Although the current global economy situation has slowed down new investment in resort markets across Asia, for the rental side of it the downturn has prompted a concentrated effort to increase yields while investors wait for sales to recover.
When compared to a 4-5 star resort, the construction of a luxury villa or condo is both cost-effective and quick. Therefore, in Thailand rental clients can now choose from a wide range of high quality beach and hillside properties that offer as much, if not more, than hotel accommodation in similar price ranges. With hundreds of residential properties now available for long and short term holiday rental in Thailand alone, the range of designs, sizes and locations already rivals those offered by hotels and resorts. Branded hotel chains have already launched their own private residences, in order to catch a share of what many industry leaders say will continue to be a growing market.
Private villas and condos offer better value for money and privacy compared to a hotel. They are perfect for families who don’t want babysitting hassles every night. They are also good alternatives for groups of friends looking to party in private or people just looking for a relaxing break. The only type of clientele they don’t have a considerable advantage for is probably couples travelling alone.
The wider market for Phuket villa and condo rentals is still growing fast. Easy online booking systems, promotional offers and the very best services available now make private villas just as accessible and appealing as hotel accommodation.
The key is to offer more privacy, more personalized services, more facilities, and to match the requirements of each guest thanks to the variety of styles offered. Sharing a villa or condo is certainly cheaper than staying at 4-5 star hotels, especially when you consider the low daily cost of living. Guests can get their food and beverage at local market prices and additional services such as a private chef or driver can be enjoyed without adding too much cost to the holiday.
As well as personalized service, the cost also is important in today’s market. And for those considering renting a villa or condo, even at the high-end, prices remains highly competitive. But choosing the right property to suit is not always easy and it is our job as a Phuket property agency to carefully guide our clients beyond price.
For any enquiry about villa or condo rentals, both long and short term, please visit our ‘Rental’-section on our website. Please also check out our ‘Special Deals’-section which features rental properties currently offering some incentives. Or you can send an E-mail with your requirements to sa@phuket-tropical-realestate.com.