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50k GBP.. 3mil baht.. Thats within spitting distance of that 3 bed 160sqm luxury bungalow in Chalong (4m asking). Make that 60 - 65k GBP and you get quite a few options in what I would consider 'nice' homes but not the seaview luxury set.
I have seen some places down at land and houses near the water that were only a hair above that 50k number. I know of 2 large townhouses in Patong (the most stupidly over priced place on the Island I guess) for 3.5 asking each..
In actual fact from an investment point of view I think those price levels are the slow and steady performers that have a safer investment profile than the higher end farang targetted luxury market.
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