Kevin Hodges is the North Branch and Investments Manager for Siam Real Estate in Phuket and the author of SRE’s Phuket Residential Market Research Report. He has more than six years’ experience in Phuket’s real estate market.
Siam Real Estate has experienced a marked increase in buying activity.
Once all the eligibility criteria for the Investment Visa are satisfied, it can be renewed annually as long as a qualifying ten million Thai Baht investment is maintained.
For those with cash sitting idle in a bank account at record low interest rates, it is a good time to be a buyer in Phuket and put that money to work.
With high season now well under way, many visitors to Phuket over the next few months will also be property buyers.
Although the property market has been slow in Phuket recently, properties are still exchanging as new financing options become available to foreign buyers.
Let people know your home is on the market with a For Sale sign.
Historically Phuket has provided owners with very attractive rental returns on their investment, which is likely to continue as the island’s appeal to tourists and long-term expats continues to grow.
Phuket’s mid to higher-end condo market is showing signs of recovery.