School education has become a new factor helping to attract foreign buyers of real estate to Phuket. This was stated by Boon Yongsakul, Vice President of Phuket Real Estate Association.
Boon Yongsakul noted that there are now 13 international schools in Phuket offering training programs in the UK, France and the USA. Due to this, families with children from Hong Kong and Singapore have become more active in moving to Thailand, and it is to Phuket. Another factor was the relatively small population of the island (about 400,000 people), because many do not want their children to grow up in an overpopulated city.
“This year there has been a noticeable increase in the total number of students in TOP-5 international schools in Phuket. This new trend will have a positive impact on the number of real estate transactions in the future,” said Boon Yongsakul.
Other trends include local cuisine (UNESCO declared Phuket a “City of Gastronomy” back in 2015), where there was a place for dishes from Thailand, China and other countries.
As a result, three trends - education, cooking and quality healthcare - attract wealthy investors who buy expensive villas, says Yongsakul. For example, in 2022, the number of transactions for the purchase of luxury villas increased by 30%, buyers were most often residents of Western countries.