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Phuket Residential MarketView Q1 2011

By on Jun 16, 2011 in Research

 We are seeing a recovery in both the resort villa and condominium market in Phuket. The market today is very different from the one that existed before the global financial crisis.

The “west is best” in terms of location. The villa market is improving at the top end but most activity is in the low end villa and condominium sectors. The outlook is positive. There is latent demand for property in Phuket, what remains to be seen is whether the new developments that are coming to the market will meet the changing buyer profiles and offer something new to the market.

We believe that the information we have shows where future opportunities lie and would be pleased to discuss these ideas with developers and investors. CB Richard Ellis will continue to collect the best available market information and provide advice to clients so that their developments match buyer’s requirements.

This is an extract from Phuket Residential MarketView Q1 2011, Click to download the full report.

Toby has been living in Bangkok for a number of years and has a strong research background. With his years in Thailand Toby brings a wide range of property knowledge to his research writing

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