Phuket RE unaffected by Thai crisis

04 September 2008

Despite the state of emergency declared in Thailand and the closure of Phuket International Airport for two days, real estate professionals on the island claim their business has been unharmed, the Bangkok Post reports.

Martin Phillips, based in Phuket as managing director of the upmarket residential brokerage Engel & Volkers said no clients had postponed purchases despite the situation being international front-page news.

He noted Thailand was not alone in facing political issues and that these situations often happened in Europe.

''This is not unusual and these are usually short-term disruptions, much the same as the temporary closure of Phuket,'' he said.

Source: Euromoney Institutional Investor