Friday, November 28, 2008

Phuket Condominium Prices Now Twice That Of Earlier

The usual price for a condominium in Phuket is currently 101,203 baht per square meter, which is just about two times the price per square meter as compared to the usual condominium prices in 2005.

This fact is revealed by new Raimon Land publication “Why Invest Phuket”, which in addition accepts the constant bang of the Phuket real estate sector thanks to latest hotel plans, acquirements and promotions moving further on regardless of current economic and political uncertainties.

“Why Invest Phuket” is organized by Raimon Land´s research team, making available all the most recent facts, figures and developments with respect to Phuket.

The research team moreover establishes that global interest from the United Kingdom, North America, Scandanavia and Australia remained strong, at the same time as interest from Russia and China was up-and-coming.

“Taking into consideration the international brands putting money in Phuket´s hotel market and the variety of nationalities purchasing Raimon Land developments, there is no uncertainty that Phuket is ready to face enduring expansion in the real estate sector,” the report acknowledged.

The report expected solid earnings and capital gains for the upcoming for both Thais and foreign persons who can pay money for freehold condominiums in Phuket and influence their investment all the way through the construction period with eye-catching structures.

At present, rental earnings are ranging from 6 to 10 percent per annum and purchasers are enjoying quiet compatible increases.

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