Thailand’s biggest international real estate provider, CB Richard Ellis, has reported soaring interest in holiday home investment, which it attributes to booming tourism and an increase in flight links.
In Phuket, the firm reports a 32 per cent increase in transactions from the third to last quarter of 2007, with a 59 per cent increase in their value, based on the latest statistics from the Land Department. While villas prices doubled from 2000 to 2006, CBRE said: “Phuket remains globally competitive. Prices and interest remain solid.”
