Key Drivers for the Phuket Property Market (2021 & Beyond)
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 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
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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