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Well crazy gman you seem to have your head screwed on okay and have thought through your reason prior to buying. I'm a little pi$$ed off because when I bothered to reply I didn't realise at that time UKguy had never been to Thailand, let alone phuket.
UKguy, do not buy any property anywhere without at least a little knowledge, you cannot live on the 8% return, Panwa is 10 minutes away from Phuket Town but very few farang go to phuket town they nearly all go to Patong which is a good 30 minutes away. You would not live in Panwa if your real intentions are to monger in Patong.
At least visit the island first, to see if you want a house here, whilst here talk to many professional people and tour the island and its current developments without making any commitment.
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If I havn't done it already, then i'm gunna do it today.
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