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Phuket property
When compared to other resort destinations
in Thailand like Pattaya, Krabi and Koh Samui, the Phuket property
market appears significantly more established and developed. A large
number of local and international real estate agents serve buyers from
an even wider range of countries worldwide. The addition of rental
specialists such as Phuket Villlas and Homes has made the market all the
more diverse. Unlike some of its sister destinations, Phuket is no
longer reliant on buyers from regional locations such as Hong Kong and
Singapore as the island is now seeing a large influx of investors from
Europe and the United States.
Properties on Phuket can sell for
anything between 5 million to 100 million baht, and prices are highly
dependent on factors such as location and size. Phuket beachfront and
sea view properties command significantly higher prices than inland
homes, although a number of new condominium developments are now
available close to the island's commercial districts.
Phuket has
been marketed internationally since the 1990s when Laguna Phuket – a
large area of man-made lagoons in the Bang Tao district attracted large
scale interest and investment. Since then, a number of well known hotel
brands have established themselves on the island and many include
residential properties within their resorts, Banyan Tree, Sheraton, and
Dusit Laguna have long been names on the island, with Jumeirah, Taj
Hotels and others now also developing mixed use projects.
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