The latest research report from Philippines property company Raimon Land indicates that the average price for a condominium in Phuket is now Bt101,203 per square meter. That is essentially double the price per square meter in 2005, a staggering increase in value in the past several years.
The report attributed the continued boom in Phuket luxury property to new hotels and properties that continue to grow despite any political events in the country. There has also been increased interest from Russian and Chinese investors in the Thai property market.
For property investors, rental yields are currently in the six to ten percent range per year. The report noted that “There is no doubt Phuket is set to experience long-term growth in the real estate sector.”
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