Phuket’s real estate market

Posted by admin on June 11th, 2009 filed in Living here, Property

Since the eighties when the island was ‘discovered’, Phuket has become one of Thailand’s most costly destinations for real estate outside of Bangkok.

Expatriates, the jet-set and Bangkok business people all wish to spend several months a year on tropical Phuket. Add to that small time businessmen, resort and property developers and investors and you’ll understand that the competition here for limited sea views is huge.

Should settling for something inland not be a problem then there are many opportunities for everyone, and numerous local property agents on Phuket offering assistance. There are dozens of projects, which offer brilliant investment or retirement villa accommodations, some with million dollars prices, with a steady stream of customers.

The less-wealthy that wish to realise a home on Phuket can opt for inland housing projects, such as Chalong within a short distance of Phuket Town. Others prefer to construct by themselves in one of the traditional neighbourhoods, which is the less expensive opportunity but it comes with many challenges. Bangkok real estate

The East coast on Phuket, which only has a few beach areas, is far less developed and it isn’t surprising that many property developers are looking towards this area…