An Economic Overview for Thailand Property Investors
Being an island, it stands to reason that land in Phuket would be in limited supply. Add to that fact the consistent demand in the tourism sector, and the maturity of the real estate market, and the long term fundamentals for investing in a property in Phuket are extremely positive.
The growth in branded residences and hotel licensed condominiums, which allow foreign investors to enjoy freehold ownership, play an important role in this buoyant market; however, beyond the choice of property there are also economic factors to consider when looking at the property market in Thailand.
This section seeks to offer an explanation for how those economic factors can impact investment decisions for anyone looking to purchase a property in Phuket. It covers not only a comprehensive economic overview of Thailand (including some select, relevant economic indicators), but also takes an in-depth examination of the Thai Baht, including how and why currency fluctuations in Thailand might affect Phuket property investors and their potential for capital gains.