[Phukethomebuyer]

Greetings to all,

I am a new member and this is my first post. I have been reviewing various international locations in reference to buying a residence for part-time residence with appreciation potential. I have many questions on the subject and I'd like to begin by asking opinions as to the wisdom of buying property in Phuket. After reviewing many previous posts I couldn't find any recent posts discussing housing prices or related information.

There are many Phuket real estate websites, however, almost everyone I've found has not been updated to address the post-Tsunami effects on the real estate market. Realtors are also worthless for any unbiased information.

Given the devastating effects on the local economy combined with the prospect of severly depressed tourism for an indefinite period it would seem such conditions may present a good buying opportunity? What are newer construction three bedroom homes with a private pool/ backyard selling for, both near or on the sea, or in the interior? Have these prices declined to any degree following the Tsumani? How close to asking price have homes been selling for recently?

What are considered some of the better parts of the island to live? Is it preferable to live close to the Patong bar district or a "safe distance" away.

Will look forward to your input