| With the negative media coverage that wrongly | | | | Currently demand for luxury villas is equally mixed |
| portrayed the post tsunami situation on the island | | | | between families, honeymooning couples, and |
| of Phuket, people assumed that the property | | | | retirees, however the older age group is set to |
| industry would crash, prices would fall and demand | | | | become the most significant market in the |
| dwindle. Quite the contrary has happened. | | | | industry and this is being shown with new |
| The reality is just 5% of the coastline was | | | | developments centered around golf courses and |
| damaged and educated investors realized it was a | | | | marinas, with the East coast in particular seeing a |
| freak of nature and an unprecedented natural | | | | lot of development as this is the site of the Royal |
| occurrence. In 2005 prices remained stable and in | | | | Phuket Marina. The developments in this area are |
| 2006 they continued to grow again on the same | | | | set to rival that of popular resorts in Spain, |
| level as pre-tsunami - 100% every three years | | | | popular with the older age group, not just in |
| (according to local property industry sources). The | | | | terms of excellent amenities and accommodation |
| statistics are almost identical to that of Bali after | | | | but the relative costs too. Why rent out a hotel |
| the bombing. In the longer term there is a lot | | | | room in Spain when you can rent out a luxury |
| more potential in Phuket than Bali to, as there are | | | | secluded villa in Phuket?! |
| more facilities and choices of accommodation. | | | | Property style various tremendously, Europeans in |
| Phuket is more advanced in terms of getting | | | | particular are fond of the traditional look with |
| there than Bali too. | | | | quality local natural finishes, traditional Thai roof |
| The market in Phuket is very buoyant and | | | | designs, but like incorporating this with every |
| demand for luxury holidays on the island is | | | | modern amenity one could desire. Other |
| growing significantly. Lured by the attraction of a | | | | properties offer sleek aluminum and glass finishes |
| strong economy, Phuket being the wealthiest | | | | giving an ultra modern feel. From Phuket's |
| province in Thailand, an International airport that | | | | north-west coast to the length of the east coast, |
| has direct flights to Australia, Hong Kong, | | | | private villa estates are increasing in popularity, |
| Singapore, Kuala Lumpur, Indonesia and Europe | | | | with international variations of villa design |
| and an abundance of beautiful natural features, | | | | attracting a discerning guest. There is a desire to |
| people from all over the world are renting out | | | | have a holiday of a lifetime in a unique property, |
| lavish dream properties, which cater for their | | | | totally distinguishable from everything else and |
| every need. | | | | Phuket has this in abundance. |
| Marinas, world class golfing and excellent shopping | | | | Each beach resort in Phuket has it's own |
| all adds to appeal of this island. Hong Kong and | | | | distinctive atmosphere which is reflected in the |
| European markets continue to drive demand; | | | | property design. As 2006 comes to an end, |
| however there is a strong increase in American | | | | property developments of note drawing to a |
| visitors. Positive images of the booming property | | | | close are around Cape Yamu on the east coast |
| market are filtering through the worlds media, | | | | and another upcoming area, Chalong Bay at the |
| combined with the coverage of Phuket just after | | | | North East point again demonstrating the incredible |
| the tsunami means that Phuket is firmly on the | | | | choice for visitors to have an incredible Phuket |
| world map. | | | | vacation. |