Property is booming in Phuket and villas tend to be a popular investment for foreigners due to Phukets tropical setting. It boast lovely beaches and a hilly interior that provides fantastic views and opportunities for secluded developments. The choice of location, style, functionality and luxury are all encouraging to those thinking of buying villas in Phuket.
Although prices for selected properties have risen by 50 to 100 per cent between the launch of a project and the transfer of title deeds, it has been generally considered that the islands property market is going along the same path as Spains. Many foreigners are thinking of buying villas as second or retirement homes in Thailand, and Phuket is usually the first choice. Although condos and standard residential houses also make up the Phuket property market, it is villas that have gained the most demand in recent years since they most effectively fit the typical lifestyle model that is desired. Continue reading “Buying villas in Phuket” »