By The Book: Property market trends in the second quarter

By The Book: Property market trends in the second quarter

PHUKET: As we enter the second quarter of 2017, the real estate market in Phuket remains slow. There are ‘pockets’ of demand: there is demand for freehold condos and discounted resale properties. Inquiries from the Thai domestic market are picking up and the condo market in Bangkok is doing well, with many developers there reporting strong sales so far this year. During the past high season, rental occupancy on pool villas was very good, with many villas experiencing high occupancy rates, albeit at rental rates which were lower than in peak years. It is true to say that the current market remains challenging, but there a

Friday, April 21, 2017 | 02:30 PM

Comments (13) 1,247 Readers

By the Book: Buying property in Thailand

By the Book: Buying property in Thailand

PHUKET: Buying property in Thailand is not straight forward, so you will need sound, professional advice which acts in your best interest. It can be a confusing experience due to laws, regulations, the language barrier and the many choices. Real estate brokers in Phuket have the largest selection of property, land and long-term rentals – they have sales teams that are both foreign and Thai and can speak a variety of languages. With a vast array of properties available, it is important to short list to maximize the use of your time and avoid viewing unsuitable properties by narrowing down choices. Brokers act as a liaison

Wednesday, March 22, 2017 | 02:00 PM

Comments (6) 2,338 Readers

Property Watch: Keeping Phuket property dealings honest

Property Watch: Keeping Phuket property dealings honest

PHUKET: I have written quite a few articles over the years, hopefully in a balanced way, on reservation deposits, property investments and purchases in Phuket, which have always included a word of caution about how practices in Thailand on property deposits can vary significantly from other Asian property investment destinations, such as Hong Kong and Singapore. Certain elements of Phuket’s property community are complicit and intent on damaging a fragile market that requires reputable and ethical business practices to underpin and maintain the investment climate. The reason I felt inclined to write about this issue is th

Thursday, March 2, 2017 | 02:00 PM

Comments (0) 2,982 Readers

By The Book: Market signals in the new year

By The Book: Market signals in the new year

PHUKET: Last year, Thailand experienced a record number of tourist arrivals – 32.6 million (up 9 per cent year-on-year), generating 1.6 trillion baht in revenue (up 12.6 per cent year-on-year). As we go further into 2017, occupancy rates for rental properties over the high season look good – albeit slightly lower than previous years – especially for pool villas, which seem to be like gold dust right now. In some respects, 2016 was a tremulous year, both in Phuket and abroad. However, many seem to hold a positive view for the year ahead. Thailand, while going through a period of transition, has once again proven itself

Tuesday, February 21, 2017 | 02:00 PM

Comments (5) 3,654 Readers

Property Watch: Seeing through Phuket property transience

Property Watch: Seeing through Phuket property transience

PHUKET: There are many themes of life in Phuket that are either interwoven or operate independently. It is possible, as many local Phuketians will testify, to exist in Phuket without even meeting your friends on a regular basis because you live on ‘different sides of the island’, or ‘don’t like driving over the hill’, or because of the traffic jams. In terms of property, infrastructure and amenity development, the Phuket transience can also rub off on behavior and business. This requires a lot of adaptation and many newcomers to Phuket and the property market can be taken by surprise by some of the more unusual practi

Friday, February 10, 2017 | 02:00 PM

Comments (0) 3,315 Readers

Across the Land: Evolution of high season property market

Across the Land: Evolution of high season property market

PHUKET: The last two months have been particularly ‘different’ from the past years’ norms in Phuket in more ways than one. Firstly, the weather has not been as predictable. Hot, sunny days are now interlaced with cloudy, rainy days and the weather forecast is hardly ever accurate. If you think the weather forecast in Phuket is sounding a little like London, it actually may well be… don’t forget your umbrella on the way out, together with the sunscreen. The high season seems different as well. Surprisingly, this time around, branded 5-star hotels did not achieve the magical 100 per cent occupancy that they usually do o

Saturday, January 28, 2017 | 02:00 PM

Comments (0) 5,472 Readers