Phuket big natural beauty and resources have paved the way for the once sleepy fishing village changed in mining island to transform into one of the world’s premier tourist and investment destinations today. Placed off the west coast of Thailand in the Andaman Sea, Phuket is Thailand biggest island – roughtly the same as size as Singapore.
With wonderful pristine beaches, rain forests and other natural marvels, it is not only paradise on planet, but also a lucrative investment market in terms of real estate. Millions of guests flock to Phukets shores each year, creating a dynamic business and investment center for punters from across Thailand and the planet.
Phuket real estate industry, mainly the luxury residential market, has flourished over the past 20 years to reach world class standards. Areas, such as the lively Patong town, have paved the way for the rest of the island and a bounty of places along both the east and west coasts continue to be lined with luxury condominiums, hotels, marinas, and villas. The commercial real estate market in Phuket has also seen incredible growth. At the same time, officials are taking measures to make sure the natural beauty of the island remains intact.
Despite the present world economic climate, prices have only dropped a little in Phuket because it is a cash market. At the same time, there are still some prizes floating around. A resale market is also beginning to emerge. While the Phuket real estate has market has slowed, the potential in rewards or investment in lifestyle mean people still want to buy properties in Phuket – whether it be a holiday luxury, condominium or a resort/hotel. Plus, prices were affordable to start with. If you want to buy any villas, condos and land for sale, www.phuketrealtor.com will offer you all facilities and detail.
