Opinion: I?m Not Afraid of a Phuket Real Estate Bubble
Phuket's real estate market has weathered storms and flourished for two decades, but whispers of a market correction loom on the horizon.
The post Opinion: I’m Not Afraid of a Phuket Real Estate Bubble appeared first on LUXUO.
The Canvas (A Sansiri Property)
Phuket has a well-earned reputation as a bit of a “Teflon” investment destination. Through most of the ups and downs over the last 20 years- When Phuket has really come into it’s own, things have mostly been either good, very good, or amazing when it comes to real estate investment returns. A few blips, including COVID, but any company in the world would sell their souls to have the type of overall increase in value and volume that Phuket has been putting up year over year since 2005.
The Emerald Central Condominium in Southern Phuket
Now, that’s not to say its been perfect ? the 2004 Tsunami, the 2020 COVID pandemic, and an ongoing global financial crisis all hit here in Phuket, too but as soon as the sun came out after each one, Phuket was back in action and supply and demand played its eternal chess game. That’s what’s happening now. There is a confluence of things that are making it appear as if Phuket is in a bubble and getting ready to burst
Read More: The Emerald Central Condominium in Southern Phuket
Looking North-East along the PhangNga Bay Coast
What are those things" Traffic, “over-tourism”, too many properties for sale (oversupply),...
The post Opinion: I’m Not Afraid of a Phuket Real Estate Bubble appeared first on LUXUO.
The Canvas (A Sansiri Property)
Phuket has a well-earned reputation as a bit of a “Teflon” investment destination. Through most of the ups and downs over the last 20 years- When Phuket has really come into it’s own, things have mostly been either good, very good, or amazing when it comes to real estate investment returns. A few blips, including COVID, but any company in the world would sell their souls to have the type of overall increase in value and volume that Phuket has been putting up year over year since 2005.
The Emerald Central Condominium in Southern Phuket
Now, that’s not to say its been perfect ? the 2004 Tsunami, the 2020 COVID pandemic, and an ongoing global financial crisis all hit here in Phuket, too but as soon as the sun came out after each one, Phuket was back in action and supply and demand played its eternal chess game. That’s what’s happening now. There is a confluence of things that are making it appear as if Phuket is in a bubble and getting ready to burst
Read More: The Emerald Central Condominium in Southern Phuket
Looking North-East along the PhangNga Bay Coast
What are those things" Traffic, “over-tourism”, too many properties for sale (oversupply),...
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