Kaymcdonnell Posted June 7, 2014 Share Posted June 7, 2014 Being involved in real estate in Phuket i feel that it has to the best option for both western investors and realtors. Phuket is the jewel of Thailand so around the world it is mostly recognized. I know not every expat favors Phuket but you cannot deny it has the upper edge? Look forward to the remarks, good or bad. Fact is it is true. 1 Link to comment Share on other sites More sharing options...
N47HAN Posted June 7, 2014 Share Posted June 7, 2014 This is gonna be intersting ..... Sent from my GT-N7100 using Thaivisa Connect Thailand mobile app 2 Link to comment Share on other sites More sharing options...
Popular Post Old Croc Posted June 7, 2014 Popular Post Share Posted June 7, 2014 or tiresome 5 Link to comment Share on other sites More sharing options...
LivinginKata Posted June 7, 2014 Share Posted June 7, 2014 Maybe 10 or 15 years ago - these days I would not invest in Phuket land/property. Reason - high price expectation by owners. Really needs a big 'correction'. Unlikely to happen in my opinion. Link to comment Share on other sites More sharing options...
Popular Post ttthailand Posted June 7, 2014 Popular Post Share Posted June 7, 2014 What are you doing, trying to sell condos ? Over priced area I would say .... Same as most Thai tourist areas. Best to rent ! 3 Link to comment Share on other sites More sharing options...
krisb Posted June 7, 2014 Share Posted June 7, 2014 Maybe in your eyes it is. How about some sort of facts to convince the rest of us? 2 Link to comment Share on other sites More sharing options...
Kaymcdonnell Posted June 7, 2014 Author Share Posted June 7, 2014 What are you doing, trying to sell condos ? Over priced area I would say .... Same as most Thai tourist areas. Best to rent ! When people say "best to rent" means they do not understand investment in real estate in Phuket. Usually there are not the type of people that would invest anywhere. I don't actually know too many people who lost money on investing in real estate in Phuket, unless they did not know what they were doing in the first place. OR they bought in the thai girlfriends name. Some people you cannot help. 2 Link to comment Share on other sites More sharing options...
Guest Posted June 7, 2014 Share Posted June 7, 2014 It would be much better if there would be good public transportation on the island. That would increase the value of the properties as people would feel more freedom to travel around. Link to comment Share on other sites More sharing options...
slipperylobster Posted June 7, 2014 Share Posted June 7, 2014 Well, it would have to do with condos, as westerners are banned from owning property. An investment would be something you could realistically by and sell. Link to comment Share on other sites More sharing options...
Popular Post krisb Posted June 7, 2014 Popular Post Share Posted June 7, 2014 I sense an investment seminar coming.... 3 Link to comment Share on other sites More sharing options...
Popular Post Shot Posted June 7, 2014 Popular Post Share Posted June 7, 2014 3 Link to comment Share on other sites More sharing options...
Kaymcdonnell Posted June 7, 2014 Author Share Posted June 7, 2014 It would be much better if there would be good public transportation on the island. That would increase the value of the properties as people would feel more freedom to travel around. Public transport is mostly for tourist so not the most important to the real estate investor as they have their own transport Link to comment Share on other sites More sharing options...
Kaymcdonnell Posted June 7, 2014 Author Share Posted June 7, 2014 Maybe in your eyes it is. How about some sort of facts to convince the rest of us? Well like anything you have to be careful in what you invest in. Land has soared over the last years, you cannot loose. Link to comment Share on other sites More sharing options...
ttthailand Posted June 7, 2014 Share Posted June 7, 2014 (edited) When people say "best to rent" means they do not understand investment in real estate in Phuket. Usually there are not the type of people that would invest anywhere. I don't actually know too many people who lost money on investing in real estate in Phuket, unless they did not know what they were doing in the first place. OR they bought in the thai girlfriends name. Some people you cannot help. Are you buying or selling ? Edited June 7, 2014 by ttthailand Link to comment Share on other sites More sharing options...
Kaymcdonnell Posted June 7, 2014 Author Share Posted June 7, 2014 Well, it would have to do with condos, as westerners are banned from owning property. An investment would be something you could realistically by and sell. Admitted you have to have balls to invest in Thailand, but is that not what real investors have? Link to comment Share on other sites More sharing options...
Kaymcdonnell Posted June 7, 2014 Author Share Posted June 7, 2014 When people say "best to rent" means they do not understand investment in real estate in Phuket. Usually there are not the type of people that would invest anywhere. I don't actually know too many people who lost money on investing in real estate in Phuket, unless they did not know what they were doing in the first place. OR they bought in the thai girlfriends name. Some people you cannot help. Are you buying or selling ? Just passing on an observation on a lazy low season afternoon. Link to comment Share on other sites More sharing options...
Evilbaz Posted June 7, 2014 Share Posted June 7, 2014 What are you doing, trying to sell condos ? Over priced area I would say .... Same as most Thai tourist areas. Best to rent ! When people say "best to rent" means they do not understand investment in real estate in Phuket. Usually there are not the type of people that would invest anywhere. I don't actually know too many people who lost money on investing in real estate in Phuket, unless they did not know what they were doing in the first place. OR they bought in the thai girlfriends name. Some people you cannot help. OR it is worth good money and you have Thai partners ... Link to comment Share on other sites More sharing options...
LivinginKata Posted June 7, 2014 Share Posted June 7, 2014 Let's not start the spell police type posts, and screwed up quotes also being removed. Link to comment Share on other sites More sharing options...
Kaymcdonnell Posted June 7, 2014 Author Share Posted June 7, 2014 Well i personally believe it or i would not be here. Who knows? BUT i must admit we are going in the same way as Spain in regards as condos and this is not only Phuket Link to comment Share on other sites More sharing options...
stevenl Posted June 7, 2014 Share Posted June 7, 2014 (edited) Did you see this thread, http://www.thaivisa.com/forum/topic/726253-phuket-property-forecast-view-for-rest-of-2014-2015/ ? Edited June 7, 2014 by stevenl Link to comment Share on other sites More sharing options...
Kaymcdonnell Posted June 7, 2014 Author Share Posted June 7, 2014 Did you see this thread, http://www.thaivisa.com/forum/topic/726253-phuket-property-forecast-view-for-rest-of-2014-2015/ ? I just read the tread that you pointed out to me. Correct in many ways. Some investors came here about 5 or so years ago when the market was peaking and thought they would make a big buck. They bought land - say 800 SQM for 1 or so MB and built the house for 3 MB or so. Then they see the property market boom and think they can get MASSIVE BUCKS, they are deluded. If they sold within a fair and handsome profit rather than crazy expectations then they would get the sale easy. My point is that reasonable investors can make good money, deluded individuals have to suck it and see. I don't think this only happens in Phuket Link to comment Share on other sites More sharing options...
Kaymcdonnell Posted June 7, 2014 Author Share Posted June 7, 2014 Did you see this thread, http://www.thaivisa.com/forum/topic/726253-phuket-property-forecast-view-for-rest-of-2014-2015/ ? I just read the tread that you pointed out to me. Correct in many ways. Some investors came here about 5 or so years ago when the market was peaking and thought they would make a big buck. They bought land - say 800 SQM for 1 or so MB and built the house for 3 MB or so. Then they see the property market boom and think they can get MASSIVE BUCKS, they are deluded. If they sold within a fair and handsome profit rather than crazy expectations then they would get the sale easy. My point is that reasonable investors can make good money, deluded individuals have to suck it and see. I don't think this only happens in Phuket Link to comment Share on other sites More sharing options...
nedkellylives Posted June 7, 2014 Share Posted June 7, 2014 Maybe in your eyes it is. How about some sort of facts to convince the rest of us? Well like anything you have to be careful in what you invest in. Land has soared over the last years, you cannot loose. The asking price has soared, not the selling price Typical real estate sales pitch, plenty of properies still on the market for the same price or less than they were 5 years ago, if they were fairly priced they would have sold long ago Link to comment Share on other sites More sharing options...
FritsSikkink Posted June 7, 2014 Share Posted June 7, 2014 What are you doing, trying to sell condos ? Over priced area I would say .... Same as most Thai tourist areas. Best to rent ! When people say "best to rent" means they do not understand investment in real estate in Phuket. Usually there are not the type of people that would invest anywhere. I don't actually know too many people who lost money on investing in real estate in Phuket, unless they did not know what they were doing in the first place. OR they bought in the thai girlfriends name. Some people you cannot help. In your first post you said " Fact is it is true." Show me some facts. 1 Link to comment Share on other sites More sharing options...
FritsSikkink Posted June 7, 2014 Share Posted June 7, 2014 Maybe in your eyes it is. How about some sort of facts to convince the rest of us? Well like anything you have to be careful in what you invest in. Land has soared over the last years, you cannot loose. A foreigner can't buy land. Link to comment Share on other sites More sharing options...
Kaymcdonnell Posted June 7, 2014 Author Share Posted June 7, 2014 Maybe in your eyes it is. How about some sort of facts to convince the rest of us? Well like anything you have to be careful in what you invest in. Land has soared over the last years, you cannot loose. A foreigner can't buy land. True but they do and i know a lot of foreigners who have the way to do it and made a LOT of profit and still doing it Link to comment Share on other sites More sharing options...
Chainsaw Posted June 7, 2014 Share Posted June 7, 2014 Maybe in your eyes it is. How about some sort of facts to convince the rest of us? Well like anything you have to be careful in what you invest in. Land has soared over the last years, you cannot loose. A foreigner can't buy land. True but they do and i know a lot of foreigners who have the way to do it and made a LOT of profit and still doing it Do enlighten us about the 'way to do it' please. Is it legal? Link to comment Share on other sites More sharing options...
Rickster Posted June 7, 2014 Share Posted June 7, 2014 Deluded, drugs or wishful thinking I'd say..... Sent from my GT-I9300 using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
MuuDaeng Posted June 7, 2014 Share Posted June 7, 2014 It would be much better if there would be good public transportation on the island. That would increase the value of the properties as people would feel more freedom to travel around. Public transport is mostly for tourist so not the most important to the real estate investor as they have their own transport Really..., mostly for tourists, Thai public transportation (not tuk tuk's, I think they are not actually public transportation)?? Link to comment Share on other sites More sharing options...
LivinginKata Posted June 7, 2014 Share Posted June 7, 2014 Let's not start the spell police type posts, and screwed up quotes also being removed. Let me say its again. Those Spell Check posts are being removed. Link to comment Share on other sites More sharing options...
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