Recent research says houses in Phuket are 3 to 5 times more expensive than Bangkok.
The Chairman of the Executive Committee, Research and Information Center of the Thai Real Estate Mr. Sopon said that a research concluded that housing projects in Phuket sold at prices up to 5 time more expensive than in Bangkok.
Well…this is hardly surprising, is it? I mean, Phuket is the largest island in Thailand and by far the most popular destination to buy a holiday home in The Land Of Smiles.
The prices shows the large buying power of people in Phuket. However real estate for locals and Thai people in Phuket still relies on the situation of the touristm industry and some 90% (unofficially) of properties in Phuket are owned by foreigners.
At the moment the average price for a house in Phuket is 14.7 million THB while the average price in Bangkok is 3 million THB.
But I bet that the chairman Mr. Sopon forget to mention that the properties in Phuket also have western facilities such as kitchen ad bathroom…and some have beach access and sea view….
But OK….it is a fact that Phuket is more expensive than Bangkok and that is hardly surprising, right?