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Rebound in Phuket real estate market

Posted on 24 May 2011

Property sales rebounded in Phuket in the first quarter, signalling a recovery in the market, says CB Richard Ellis Thailand. Chairman David Simister said the island province remains the pinnacle destination for second-home purchases in Southeast Asia, with the villa market topping the charts in terms of high-end developments and prices.
Neighbouring countries do not have the same international desirability as Phuket. The Vietnamese market has many new projects but attracts only domestic buyers. Bali, Phuket’s main competitor, does not attract the same number of tourists or high-income property buyers……………………………………….Full Article: Source


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