2020 was a year like no other

While the number of people affected by the pandemic went up, many businesses came tumbling down. 

Yet there were still others who seized upon the various opportunities that revealed themselves during the pandemic, most of all in Phuket real estate. 

If you are looking for an opportunity to begin your investment journey in real estate, there’s never been a better time than now. 

Let’s go over a few reasons why that’s the case.

1. The pricing of property has never been lower. If you have some money in the bank or a good credit score, this is a brilliant opportunity for you to invest some of those resources into a passive income source like real estate, and watch your profits multiply in the coming months and years as prices will inevitably rise.
2. People will prefer renting a home to buying one for themselves. This makes rental property a massive opportunity for investors who can keep earning passively for years to come. Invest now, rent later, and reap the benefits as long as you need to.
3. Today, we live in a buyer-focused world. Buyers no longer need silver-tongued salesmen telling them what to believe  and what not to believe. Buyers no longer buy in a pre-established sequence- we research, gather information, request opinions, ask questions and make up our own minds when we buy. With all the knowledge in the world at your fingertips, lowered resale prices, cheaper pricing for ongoing developments and lesser number of competing buyers, the property investment world is truly your oyster. All you need is a qualified real estate agent like IbgProperty.com to help you choose the right real estate investment, take care of formal procedures and help you kickstart your investment journey. 
4. The Thai Bakht currency has lessened in value. However, it shall rise again, and before it does, you can capitalize on its dip through investing smartly in Phuket real estate with the help of a real estate agent who can help you make calculated decisions on the ripest real estate opportunities before they escape. 
5. The interesting and rather unique aspect about Phuket property is that unlike property in many other countries, you do not need to wait a long time to sell the property in order to capitalize on the market state. You can see returns really really quickly with Phuket property since its the hottest tourist destination on the planet today. Therefore, rental opportunities will be popping up left right and center. As long as you have a Phuket investment in your hands, there will be no dearth of tourists looking for a beautiful home to spend their holidays in a tropical island with many attractions like Phuket.
6. Be it the 1918 influenza pandemic or the 2008 stock market crash, it has always been smart investors who have come out on top after the crisis. Therefore, as we visualize a post-pandemic world today, you need to make sure you’re among the ones driving your own financial success with smart, timely investment in Phuket real estate.
7. Thailand is one of 7 countries who have been labelled ‘low-risk’ for travel by the US Travel Advisory. Thailand is also one among only 11 countries declared safe to travel by the EU. This makes Thailand a dependable country for travelling and holidaying which means there is no better region to bet on as far as real estate investment goes. This has recently been corroborated by the increasing numbers of foreigners happily touring and even extending their stay in Thailand.
8. The Cabinet of Thailand has given the nod to the Special Tourist Visa proposal allowing for foreign visitors to stay for over 270 days. This means many more opportunities to earn via real estate in Phuket for you.

How to optimize your real estate experience in Phuket, Thailand

1. Get yourself a real estate agent a qualified, certified agent who knows the Phuket real estate market, available properties, value of each property and the neighbourhood.
2. No matter how experienced an agent is, they cannot make decisions on legal matters. Thats why its important to hire a good lawyer to represent you in legal scenarios 
3. Start low risk and scale upwards. Buy a small piece of property which you can sell and profit from immediately. This will get your feet on the Phuket real estate road and pave the way for higher investments later. 
4. Wherever possible, pick a piece of property that is ideally positioned to appeal to holidayers and residents alike. This means you have 2 channels of profits to choose from- long term rental or holiday rental.
5. Hire a property management firm to take care of your property and aid in improving your rate of return.