WHILE the going remains difficult in Phuket's property market, smart salespeople are now looking east and south rather than west to Europe.
Savvy sellers are concentrating on Hong Kong and Australia as sources for buyers. In Australia, the prices of houses especially have hit new highs, with most homes in many parts of the country now becoming million-dollar investments.
While young Australians are left wondering whether they can ever hope to own their own place, the soaring prices make Phuket a good buy.
Australia escaped lightly from the global recession and is now in full recovery upswing. Aussies also are robust travellers who do their research and are not put off by scary alerts of the kind generated by Bangkok's red protest.
The Phuket property segment with an eye to top markets has also targetted Hong Kong, where many residents are cashed up and already have as much property in the heated Hong Kong market as they need.
''With prices in Phuket under pressure, smart buyers will be looking here for a second-property investment,'' one Phuket real estate vendor told Phuketwan. He is using the local print media in Hong Kong and Australia to appeal to the same readers who would be comparing value with local offerings.
For now, Phuket's appeal in Europe has been savaged by a falling Euro. The continent's second round of aircraft groundings over volcanic ash clouds are an obvious turn-off for long-haul travellers and Phuket property investors.
Next month's SMART Hong Kong property expo from June 5-6 at the Hong Kong Convention and Exhibition Centre is likely to clarify how much of a demand Phuket can expect from the former British colony and whether the broader China market is growing faster than anticipated.
Savvy sellers are concentrating on Hong Kong and Australia as sources for buyers. In Australia, the prices of houses especially have hit new highs, with most homes in many parts of the country now becoming million-dollar investments.
While young Australians are left wondering whether they can ever hope to own their own place, the soaring prices make Phuket a good buy.
Australia escaped lightly from the global recession and is now in full recovery upswing. Aussies also are robust travellers who do their research and are not put off by scary alerts of the kind generated by Bangkok's red protest.
The Phuket property segment with an eye to top markets has also targetted Hong Kong, where many residents are cashed up and already have as much property in the heated Hong Kong market as they need.
''With prices in Phuket under pressure, smart buyers will be looking here for a second-property investment,'' one Phuket real estate vendor told Phuketwan. He is using the local print media in Hong Kong and Australia to appeal to the same readers who would be comparing value with local offerings.
For now, Phuket's appeal in Europe has been savaged by a falling Euro. The continent's second round of aircraft groundings over volcanic ash clouds are an obvious turn-off for long-haul travellers and Phuket property investors.
Next month's SMART Hong Kong property expo from June 5-6 at the Hong Kong Convention and Exhibition Centre is likely to clarify how much of a demand Phuket can expect from the former British colony and whether the broader China market is growing faster than anticipated.
Who is buying houses and land in Thailand and think you can own it, you can lease the land for 30 years then its up to the landlord if he gives you 30 years more, why should he do this free? Why not just take the house and land back for free?
Better if you buy an apartment/condo at least you can own it without leasing!
If Thailand wants more buyers, let us buy the land for the house at least!!
Posted by John on May 6, 2010 10:41