I think Mr.Cunningham is 100% correct. This is only the tip of the ice berg. I have many friends with property issues in Phuket. They are saying that they will not buy again in Phuket.

Posted by Billy on November 25, 2011 16:24

Tip of a huge mountain would be more in proportion! Icebergs are not that big!

PS: is there any reason why those properties cannot be named?

Posted by Mr. K on November 25, 2011 17:19

Having been here 8y and working in the real estate business for most of that time, I can certainly confirm that this is only the tip of the iceberg.

I got out of that business because of my inability to protect my customers from being conned.

Many are too ashamed to come forward because they feel they are victims of their own stupidity and quietly just walk away from the lost property.

Posted by Steve C on November 25, 2011 18:09

Three words; Rent. Rent. Rent. ( And it ain't just Phuket )

Posted by Media Watcher on November 25, 2011 19:03

@Media Watcher is correct. People have to consider that renting is the far safer option than giving into the hard-wired impulse to own.

Posted by JingJing on November 25, 2011 20:55

Nothing wrong with owning property if you do your homework, Do not deal with agents who have just sprung up over night or who you met in a bar.

Posted by lord Jim on November 27, 2011 14:38

met you in a bar Lord Jim once or twice : ) that's why I still rent.

but absolutely correct so many people come here and start working in real estate with no previous experience of it and maybe have been in Phuket for a year or two thats no length of time to know anything about the real phuket.

Posted by Michael on December 3, 2011 07:11