The Kingdom’s idyllic tropical island of Phuket, now expecting record numbers of visitors as it enters the high season this month, is becoming the latest hotspot for Britons considering a second home or new life abroad, according to Banyan Group Residences, the island’s leading luxury property developer.
A unique blend of affordability, island scenery and modern infrastructure – with a cost of living 50-70% lower than in UK cities and private healthcare up to 80% cheaper – makes it ideal for retirees, families, and remote workers alike. There are also world-class international hospitals and British-curriculum schools.
The tropical climate is a major draw, offering a welcome escape from England’s cold, grey winters. Phuket’s year-round sunshine and warm sea temperatures create a permanent holiday-like atmosphere.
The island’s welcoming expat community, its ease of access and visa-friendly policies further enhance the appeal. In 2024, 250,000 British visitors travelled to Phuket, with many exploring opportunities to make it their long-term home.
Real Estate Opportunities
From beachfront villas to stylish contemporary condos, property options cater to diverse preferences and budgets. Laguna Phuket, an iconic 1,000-acre integrated resort by Banyan Group is one of the most desirable locations to own a home. It features seven hotels, an 18-hole golf course, restaurants, spas and the new RAVA Beach Club – Thailand’s largest. Plus some 5,000 luxury homes – with more under development. Upcoming projects include Laguna Lakelands, an eco-friendly community with tropical forests and lakes, and ultra-luxurious Banyan Tree Beach Residences for the ultimate in tropical living.
Phuket’s real estate market offers exceptional value compared to the UK. For £750,000, buyers can secure a luxurious 213 sqm home in a prime location, compared to just 33 sqm in London. Foreign buyers account for over 60% of condo sales, with UK nationals ranking among the top 10 investors. Property values have historically risen 5-10% annually, making it a solid long-term investment too.
Banyan Group: A Leader in Branded Residences
The Banyan Group, renowned for its award-winning Banyan Tree Hotels & Resorts, is a world leader in branded residences, ranking no.1 in Asia and no.5 in the world. Buyers can enjoy flexible ownership, using their homes part of the year while participating in a rental programme managed by Banyan’s 5-star hospitality team.
The Group also offers unparalleled after-sales service, including 24/7 concierge support, property management, and rental services.
Banyan Group’s expertise and seamless buying processes makes owning a home in Phuket easier than ever – replacing cold winters with sunny skies for a lifestyle that feels like a permanent holiday.
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