Phuket Property Watch Your Eyes on Real Estate in Thailand
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Continued pressure on illegal commercial operations in Phuket’s protected parks is set to influence the local real estate market. A recent crackdown on illegal restaurants reported by thethaiger.com is likely to have an impact on property prices in the vicinity. Meanwhile, in a move uplifting for pet owners, the number of pet-friendly condos in Thailand is on the rise. The options available to pet parents looking for a suitable home are finally increasing, according to thethaiger.com. This trend is likely to influence the demand and price of such properties. On the luxury end of the market, the infamous Thai villa from ‘The White Lotus’ is up for rent, fetching rates up to $13,650 a night, as covered by the New York Post. Further, ongoing border tensions between Cambodia and Thailand are likely to impact the real estate market, particularly in the border regions. The situation has escalated to the point where Thailand has been accused of preventing families from returning to their homes, as reported by IslanderNews.com. Meanwhile, the technology sector is making strides in Thailand. Microsoft’s commitment to elevate Thai organizations to frontier firms is expected to propel Thailand as an AI creator in the AI era. This could potentially impact the demand for commercial real estate in tech-dominated areas, as per Microsoft Source. These developments indicate a dynamic and diverse landscape for Thailand’s property market, impacted by factors ranging from local governance to international border disputes and technological advancements.
