Key Drivers for the Phuket Property Market (2020 & Beyond)
Introduction – The Positives & Negatives
The vast majority of buyers in Phuket today have a positive outlook on the market, and it is easy to see why. But even the sunniest day has a few clouds, and although every cloud may have a silver lining, it is first and foremost a cloud.
There are a number of positive key drivers ahead for the Phuket real estate sector, but we will also examine the potentially negative ones. If the economic storm clouds do blow in, we hope this information proves to be an effective umbrella.
Key Drivers for the Phuket Property Market Articles
Introduction – The Positives & Negatives of the Phuket Property Market
Introduction - The Positives & Negatives of the Phuket Property Market The vast majority of buyers in Phuket today have a positive outlook on the property market, and it is easy to see why. But even
Phuket’s Positives – Looking At The World Through Rose Coloured Spectacles
Looking at the World Through Rose-Coloured Spectacles A More Stable Real Estate Sector As discussed above, there is little to no borrowing in the foreign property market in Thailand, which is generally a positive for the
Phuket’s Shifting Demographics
Phuket's Shifting Demographics Population Growth Even without the foreigners who have decided to make Phuket their home, Phuket is experiencing strong population growth (7.4% annually). This is much higher than most other regions of Thailand,
The Hospitality Driver – How Phuket’s Tourism Industry Directly Influences The Island’s Real Estate Sector
For a small country, Thailand has a remarkable tourism industry, and anyone who has been captivated by Thai culture, Thai food and the friendliness of the people can easily see why. Maybe we are biased,
Phuket’s Ongoing Infrastructure Improvements
ONGOING Phuket Infrastructure Improvements Those expatriates who have lived on the island for a couple decades (or longer)have seen almost unimaginable changes. Anyone fortunate enough to have lived here for the last four decades has watched a sparsely populated
Which Nationality is Driving the Phuket Property Market in 2023/2024?
As we have always stated, the Phuket tourism sector provides the fuel that keeps the Phuket property market either burning hot or cooling to the point of stagnation. Or, in the worst case, absolute inertia, as seen during the
Phuket’s Negatives – Taking Off The Rose Coloured Spectacles
Taking Off the Rose Coloured Spectacles How Rising Interest Rates May Be a Negative for the Phuket Real Estate Market in 2024 Interest rates have not, historically, had the same influence on the Phuket property sector as
Thailand’s Other Vulnerabilities
Declining Tourism Because they are interconnected, both the foreign and local markets could be impacted by a few consecutive poor years in the tourism sector. We know that tourism is a key driver
The Black Swans of Tourism Summary
A “Black Swan” is a metaphor first described by Nicholas Taleb in his best-selling book Fooled by Randomness. Taleb’s premises that rare, and in some cases devastating, events occur randomly from time to time. He goes on to say
Summary of Key Driver’s Affecting Phuket’s Real Estate Market
Summary of Key Driver’s Affecting Phuket’s Real Estate Market In One Final Nutshell It should come as no surprise that there is a strong correlation between the number of tourists a country embraces each year, and the volume of
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