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Originally Posted by 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
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Martin, Martin, Martin...What planet are you from?
Quote: "I mean, I won't get ripped off will I?"
When in LOS you are in a constant state of "warding off folks trying to rip you off"
It's sport for the Thais!! and they're very good at it!!
It's up to you as to how good you are at playing their game with their ball!!
Marcia & Mike