FOREIGN DEMAND IN PHUKET SHOWS SIGNS OF RECOVERY

Since about two months now we see signs that foreign demand for real estate in Phuket is recovering.

 

Most enquiries are coming from potential buyers in European and Australian, where the exchange rates are very favorable at the moment.

 

The market for Phuket real estate started to improve at the beginning of the high season for tourists last month.

 

There are also a lot of enquiries for rentals of Phuket villas and rentals of Phuket apartments. As for sales, there is still a slight preference for resale units. But we see the confidence that the world economy is improving again as now many potential buyers seem to also consider off plan projects again.

 

Property developers and investors are also becoming more active and are showing interest in buying large plots of beachfront land for developing high-end Phuket villas, hotels and resorts.

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