Should property prices in Phuket come down? Phuket property professionals, Phuket Ocean Villas ask the experts.
On 3rd February 2009 an article appeared in Property Report Asia which claimed Phuket property experts were saying that Phuket residential real estate is overpriced.
It transpired, on reading the article, that there was little substance for this apart from the comments made by one estate agent. As it was obvious that this article had been badly researched and lacked any substantial evidence we decided to launch our own investigation into the status of the Phuket property market.
We were originally asked to comment for the article, but as our comments were contrary to the article´s premise, they were not included. We felt compelled to write this in depth article in response.
