Phuket Property Watch Your Eyes on Real Estate in Thailand
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In a significant milestone for the Thai real estate industry, standout developers recently celebrated the 20th anniversary of the PropertyGuru Thailand Property Awards. The highlight of the property calendar, these awards recognize the best of the best in the Thai property market. Likewise, an interesting development has been highlighted regarding local Thai pilots who are increasingly taking flight over foreign hires on local routes. While this news from the aviation industry doesn’t directly impact the property market, it does indicate a growing trend of ‘localization’ in various industries across Thailand, which may eventually impact the demographic of property buyers or renters. In related news, the Thaiger recently published an interesting study on the top expat havens in Thailand, providing an overview of the cost of living in five provinces. This insight could be invaluable for foreign investors or expats considering a move to the Land of Smiles. Meanwhile, the city of Pattaya is gearing up for a supercharged festival, with a 5-million-baht fireworks display set to light up the skies. This kind of cultural event could be a further draw for tourists and potential property investors alike. Finally, it’s worth noting that the president has been discussing the implementation of development projects with Governors and Chief Secretaries. While specific projects have not been disclosed, it’s clear that development and infrastructure growth continue to be a priority across the country.
