31.08.2010 - Mexican standoff in Phuket property market
From Property-report.com: Currently Phuket has a huge supply of property both new developments and re-sales but the demand is no way near close to the supply, thus causing a major issue within the property market. There are some clients out there still looking for property but as a close friend of mine told me, who also happens to work for CBRE, most potential clients are looking for West Coast property and there just is not that much available and if it is available (many re-sales) the owners are asking far too much. No one is interested in the huge amount of property that lies inland and everything is also overpriced across the whole of Phuket..............................................Full Article: Source
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