PALMETTO CONDO

Phuket has never had it so good and property is booming, despite the temporary setbacks of tightened ownership regulations and the uncertainty that followed the 2006 coup. But properties in Phuket continue to change hands regularly as international investors and the wealthy increasingly want a 'piece of Phuket'. The days of an undiscovered paradise are long gone and the speculators have come and gone as the market settles. Investors with an eye on 'the next big thing' are better off looking at other islands along this coast, but those with more genuine interests to develop on the back of a robust and maturing infrastructure will find Phuket very agreeable... Entry level into acquiring Phuket properties isn't cheap, and there certainly isn't the mass cheap apartment scenario that Spain undertook in the seventies and eighties. The investing here is far more up-market and tasteful. Although it has slowed down, relative to Pattaya for instance, the investment on Phuket is set to continue..