The Phuket Real Estate Association, in association with real estate agency Harrison, is set to hold a property auction in Phuket next month.
The event, which will take place on May 17 and May 18 at the Royal Phuket Marina, will also see a two-week preview taking place ahead of the actual event.
Phuket industry expert Bill Barnett said on his ThePhuketInsider website: “The auction strategy for properties has received a mixed response in the past, with some events being held in the early 2000’s. It will be interesting to see what the current trend is for such events.”
Bangkok has seen an increase in property auction events in recent months, especially for properties which are the subject of non-performing loans.
Andrew Batt, International Group Editor of PropertyGuru Group,
wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
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