West Coast properties are always in demand because that is what they are. ‘WEST COAST PROPERTIES’, they are close to the beach, restaurants, sea and they enjoy spectacular views of the ocean, the criteria that people desire. Don’t forget, when buying in Phuket it is not a necessity, it is a luxury, no different to buying the new i-pad or i-phone.
The most attractive point in buying West Coast property is the lack of available land. With the lack of land available on the West Coast and the demand still high for West Coast property, it only bodes well for the re-sale market, if you look at Inland property there is loads of land available, thus making it very difficult for re-sales (which is proving the case at the moment).
I am not saying that Inland property does not sell at all, but I think it is fair to say that you have a greater percentage of achieving sales and better appreciation with properties on the West Coast, as is the case with Andara on the West Coast of Phuket. These beautiful villas were purchased for $2.5-3 million, sold 2 years later for $6-7, I doubt you will find this kind of appreciation on inland property.
I fully understand that inland property is cheaper but the maths is quite simple, there can only be a certain amount of West Coast property, but there can be an astronomical amount of inland property and whilst we all would like a holiday home, as with the i-pad or i-phone, eventually you are going to want to upgrade or sell it and for this you need an exit strategy, so stick to what you would want from your holiday and use these principals to buy your Phuket home.
See other blogs on West Coast Property
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