Phuket property is still Asia’s best investment and the top of the list when it comes to looking for homes in Asia. The latest report have seen a steady growth in Phuket property purchased with the lower entry level market below 10 million THB and above 65 million THB the strongest segments. Focus on the lower entry level have seen projects such as Intara Villas, Onyx in the south og the Island and up on the North West Coast Wings Villas have also seen strong sales. So it seems that buyers will focus on the budget and compromise of views to gain space and value. Meanwhile the 65 million plus Villas have also seen a strong selling season. Andara is still the main focus on the Kamala Headland and will soon launch it next phase of luxurious Sea view Villas.
The demographic of buyers has shifted from the USA and Europe towards new markets like Russia taking 34% of sales and India 14% .Other nationalities purchase Phuket property are Hong Kong 13%, Singapore 4%, Thailand 10%, Australia 12%, European 7%, China 6%
The continued increase in land values I predict will see growth in areas such as Mai khao in the North of the Island and the East Coast are of Koh Sireh which has already seen some major branded resorts open recently.
