8:41 pm - Wednesday September 28, 2016

Phuket’s condo, villa rental market booms

Phuket's condo, villa rental market booms

More Thais and foreigners have high demands for rental accommodation.

Phuket has always been a vacation destination for most tourists. More condominiums are being built in Phuket. Due to the slow-moving of European economy, Phuket has attracted Europeans who now want to rent villas rather than stay in hotels.

Knight Frank Phuket Direct Nattha Kapapana disclosed, “There were about 4.2 million visitors to Phuket last year and we found that inquiries for rental accommodation have been rapidly increased. There was a high demand for condominiums and villas during the high season last year. Tenants come from different places around the world: Hong Kong and Singaporean workers, Russians, Koreans, Indians and Europeans. Rental period is up to a few months.”

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