What to buy in Phuket in crisis?
The point is that the financial crisis has come is obvious for everyone. People from all over the world nearly fell in their anxiety to save money. Is there any way to rescue capital? It may sound strange but the answer is if you want to keep fund, you should buy Phuket real estate.
Actually it is not a secret that any crisis is the best time to purchase housing at an extremely cheap price. The main idea is to know what to buy and, it means that exactly now to consult with a professional realtor is a very necessary deed which will help not only preserve but also multiply your money.
Phuket real estate continues to be profitable if to make the right choice and to take liquid housing at the lower price than the relevant market value. It concerns both primary and resale units. Then it will be a valuable but rather long-term investment. The local real estate market will not collapse. Probably, prices will increase slowly within next 2 years but dwelling in the center or in a walking distance from the sea is always in a high demand among tenants. It is constantly bought and sold at a good price.
There are so called three pillars of any reasonable purchase. Firstly, either to pick an apartment or a house, either to choose developers or resellers a buyer must pay attention to those advantages, which will make a unit unique and help allocate it among thousands of proposals.
The second pillar is to keep in mind that the most demanded property both for rent and for resale is located near beach (no more that 300 – 500 meters from the sea shore) and in inner city areas. The ideal option is accommodating with sea views. The bottom line is a flat in the center of Kathu will be more liquid than an apartment in the last line in Nai Torn.
Finally, the third pillar is not to forget that every customer has own personal preferences. For example, for some of them a fantastic sea view is highly important, but others cannot live without malls, shopping centers, the rest part of them prefer to stay in the heart of vivid and noisy night life with a huge number of clubs, pubs and bars. All people are different and have their own tastes, but it is essential to evaluate the proportion of these three key parameters: price, quality and location.
