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Posted: 06 Dec 2011 | 12:37 pm
Investor confidence has been on the upswing in Phuket since the peaceful elections were held early this year.
A key sign of this is new data that leading developer Laguna Phuket has secured over THB400 million in sales reservations over the past 6 months.
According to Michael Ayling, Managing Director of Laguna there has been a spike in demand from various geographic source markets.
Buyer selection has be broad ranging from million dollar properties down to entry level type units at the destination resort.Indications over the past four weeks from other developers is that an increasing number of visits are slated for this coming high season.
While reports from local property brokers is that the six months of 2011 is seeing renewed levels of resale transactions despite a sharp rise in listings.
Signs of life in Phuket real estate that despite the Bangkok flooding the wider positive impact of political stability is more a greater demand driver in the market.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
While John Hardy and his Ubud Green School and Green Village have been at the groundswell of sustainable building materials, the area has sprouted other pioneering initiatives.
While we hope for the best that Phuket's new airport expansion will have some green focus, it's encouraging to view Singapore's Changi as setting a global standard.
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