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Phuket Property Residential MarketView Q4 2014

By on Apr 27, 2015 in Property News, Residential

074-land-houseSolid Villa Sales, with Limited Built Luxury Villa Supply

Villa sales picked up as Phuket entered its high season with solid sales results. There were 84 villas sold in this quarter, compared to 68 sold in the previous quarter.

The most active segment continued to be at Entry level. Coco Chalong performed the best out of its peers. The price range of Coco Chalong is between THB 6.5-7 million.

The weak Russian economy and collapsing Rouble caused a significant drop in Russian buyers. Surprisingly despite the dramatic increase in Chinese visiting Phuket there is yet to be a real interest in buying property.  We are expecting to feel the effects of the falling Rouble over the coming year, especially for entry level villas.

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