Phuket Real Estate Lawyer

There is currently an under-supply of resort property on Thai islands like Koh Samui and Phuket is generating substantial growth in their respective resale markets. Having a Phuket Real Estate lawyer is imperative. The under-supply has been caused because of developer's reluctance to go ahead with new projects in case government restrictions on foreign ownership hinder sales. It is hoped that the government will soon raise the percentage of property that can be bought by foreigners

None the less the under-supply presents investors with a fantastic opportunity to obtain advice and guidance from a  Phuket real estate lawyer before signing any documents. The under-supply right now is primarily on condos and apartments, but has stunted sales, which means there are still some great developments to choose from. Significant resale price growth is another arm to the opportunity presented by off-plan property, because the immediate value rise on completion is all the greater.

Liam Bailey, head of international research for overseas property specialists David Stanley Redfern had this to say about the Koh Samui opportunity:
"The latest news from Koh Samui does nothing more than make it an even better opportunity. Luxury villa prices rose by 50% per year in 2006 and 2007, and have always been expected to continue growing strongly. The current under-supply issues will only serve to maintain high demand, or even cause demand to grow for luxury resort property on the tropical island with some of the world's best unspoilt white sandy beaches."