subject: Phuket Property: What Would You Pay For A View? [print this page] Believe it or not - the owner of this property paid 50,000,000 US dollars just for the view...
He could have bought a similar property a few hundred metres away for a third of the price.
But, it didnt have an ocean view.
So he plonked down an extra 50,000,000.
Its true that property with an ocean view usually costs much more.
And that is especially true on Phuket - where prime sea view land is running out.
Its not going to get any better either...
New planning laws introduced in September last year mean that coastal development is now even more limited.
Obviously, this is pushing up the price of ocean view property.
But it is also a fact that during a recession ocean view properties hold their value better than those without.
Plus, you will get a better rental yield and higher capital appreciation.
And lets face it its just much nicer to spend time there.
So, when you buy in Phuket it is a good idea to look at property with ocean views.
With that in mind, Ive put together a small selection of well-priced, ocean view properties.
Why did I pick these?
Because they are all built with good quality materials which will stand up to ocean-front conditions - unlike some places which will need renovating in a few years.
They all have double glazed aluminium windows, teak wood decking (not a cheap imitation), galvanized steel railings and a good management team to make sure they are well maintained.