Thailand is an internationally renowned destination for its pristine natural beauty and spectacular beaches. Apart from being a perfect holiday destination and rich in culture, Thailand prides itself on offering a dreamlike lifestyle at an affordable cost. It is not surprising that an increasing number of people from across the world are choosing to make property investments and retire in Thailand.
Here are six important reasons among many more that make property investment and retiring in Thailand advantageous:
1. Luxurious Living at a Lower Cost
One of the major advantages of buying property and living in Thailand is that you can lead a luxurious lifestyle with premium facilities at a much lower cost than other popular holiday destinations of the world. The rapid rate of development seen in Thailand has provided a lot of modern amenities and infrastructure across the country.
A family of two can easily lead a luxurious and comfortable life for as little as $1,700 per month with prime locations like Phuket and Koh Samui costing about $2,200. A two-bedroom property, a small vehicle, groceries, live-in maids, occasional restaurant visits, and medical care can easily be accommodated in this budget.
2. Easy Accessibility
Nestled in the heart of Southeast Asia, Thailand is well-connected with the rest of the world with efficient air services. A typical day sees almost 1,000 flights into and out of Hong Kong International Airport (HKG), connecting the city directly with 123 other cities.
Phuket alone has an international airport that makes traveling to many countries easy. Phuket Airport has non-stop passenger flights scheduled to 40 destinations in 16 countries. Koh Samui is also well-connected to the world with the presence of the Samui Airport which is privately owned and operated by Bangkok Airways.
With low-cost tickets, sometimes as low as $72 for a round trip to certain destinations, traveling becomes economical and adds to easy retirement life.
3. Great Holiday and Entertainment Options
Thailand has a wide range of incredible holiday destinations within short distances from most of the prime locations. Pristine beaches, beautiful farmlands, exotic flora and fauna, picturesque tropical islands, historical temples, magnificent mountains, and colorful hill tribes are some of the popular attractions that are within short traveling distances from a lot of destinations.
Coupled with all these excursions and holiday spots, is the vibrant nightlife that Thailand is famous for. Buzzing with energy and high spirits, there is never a dearth of entertainment options in this multifaceted country.
4. Thriving Expat Communities
Thousands of expats from across the world are attracted to this thriving country and decide on buying a house in Thailand every year. They form about 4% of the total population.
Besides young professionals looking for exciting career opportunities in one of Asia’s fastest-growing economies and families who wish to educate their children in a great environment while enjoying a comparatively lower cost of living, a major chunk of expats are retirees who wish to escape the hustle and bustle of city life and settle in a quiet beach town.
5. Inviting Year-round Warm Climate
Thailand enjoys a warm tropical climate. During the winter months, the average maximum temperatures fall between 28 and 33 degrees Celsius (82 - 91 degrees Fahrenheit), while in spring and summer it gets to 30 to 36 degrees Celsius (86-97°F). April is the warmest month.
This is a tropical haven for outdoor enthusiasts, and also a swimmer’s paradise. People coming from colder climates enjoy the warm inviting climate of Thailand the most.
6. Top-notch and Affordable Healthcare Facilities
Besides being a popular holiday destination, Thailand is also one of the leading destinations for medical tourism in Asia. As per official estimates over 1 million people travel to Thailand for treatment every year as it offers excellent healthcare at affordable and minimalistic rates.
An average visit to the medical clinic costs you about $14 that is inclusive of medicines. An X-ray and visit to the dentist cost around $33. Over 50 Thai hospitals have accreditations with gold standards for hospital care from the Joint Commission International (JCI). Most specialists and doctors have international qualifications and are fluent in English.
Phuket and Koh Samui are medical tourism hubs attracting many international visitors to avail of the international standards of healthcare at affordable prices. Recently the government has initiated a plan to turn Phuket into a world-class wellness and healthcare hub. There are a number of international hospitals that offer world-class treatment and facilities. Most doctors and medical staff speak English and also have several translators to make sure of a smooth visit to the hospital. Thailand is known for its medical tourism and the excellent healthcare it offers.
7. Delicious Food
Thailand is known for its delicious food which is a great attraction for retirees and expats as they get to indulge in a vast variety of world cuisine here. The array of world cuisine available here is incredible. Phuket has been rightly recognized as a Creative City of Gastronomy by UNESCO. When it comes to good food, the choices are endless in Phuket, especially since the Michelin Guide has arrived on the island. Whether you’re looking for local street food or sophisticated fine dining, Phuket will not disappoint you with its culinary delights from across the world.
Similarly, Koh Samui offers the best of gastronomic delights with world-class restaurants that boast extremely creative and talented chefs who indulge you with traditional Thai cuisine as well as modern innovative creations. The island offers a plethora of flavors to choose from. Besides the authentic Koh Samui Thai food, there is a large Isaan population on the island that has its own regional cuisine, as well as some great Burmese food. And not to forget, the availability of the choicest of cuisine from the rest of the world!
There are plenty of reasons why you may want to do property investment and retire in Thailand. The cost of living is low for the luxurious lifestyle it offers, and so is the cost of healthcare. You have a lot of things to see and do in the country. Procuring a retirement visa is simple. And of course, the warm inviting climate, and friendly people will ensure that you have a happy and comfortable retirement.
If you are interested in property investment in Thailand contact our team at SKHAI to avail great deals on some of the most beautiful properties at spectacular locations in Phuket and Koh Samui.