[UKguy]

hi
I was thinking about investing in a condo in Phuket. The one I came across is Bel Air pan wa which is a new development somewhere on the island, I think 10 mins drive to Phuket town centre. The cheapest is going for £60K.
Any guesses as to how the capital appreciation will go? Will it be safe to part with my cash? I mean, I wont get ripped off will I? it is supposed to be an australian compant that is the developer.

Also, would a hostel business be ok in Phuket or are there too many of them? I was thinking about that too.

Martin