PROPERTY
Phuket on slow road back
- Published: 11/07/2011 at 04:39 PM
- Newspaper section: Business
The property market in Phuket over the first five months of this year has recovered but not to the point of its pre-2009 levels, according to the latest study by Colliers International Thailand.
Managing director Patima Jeerapaet said the coastal market in Phuket was far more reliant on foreigners than the resorts of Pattaya and Hua Hin.
"Most wealthy Thais prefer having second homes in the resorts close to Bangkok due to the easier access, so the coastal areas of Phuket are more responsive to the global economic situation," he said.
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