Phuket Property with Yields of Up from 7% Per Annum

What Taxes Do Investors Pay in Phuket Property?

Types of Property for Sale in Phuket

Apartments in Condominiums

• from 25 m²
• from studios to two rooms

Condominiums are modern residential complexes in tourist and business areas with swimming pools, gyms, and security. Suitable for all types of real estate rent

$3,000

average cost per m²

Townhouses

• from 80 m²
• 2-5 bedrooms
• several levels

These are usually located in gated communities with security and have terraces or patios. Suitable for families or long-term rentals

$5,000

average cost per m²

Houses and Villas

• from 150 m²

Gated residences with private pools and recreation areas. Suitable for long-term residences or rental property for sale

$7,000

average cost per m²

Penthouses and Luxury Residences

• from 250 м²

Prestigious Phuket property with panoramic sea views, personalized service, and private access to beaches

$12,000

average cost per m²

• Can foreigners buy property in Phuket?

  Yes, but the condition may vary depending on the property type. In condominiums, foreigners can own up to 49% of the space. Foreigners cannot own land directly. Opening a Thai limited company can also help to purchase real estate for sale in Phuket. It is also possible to purchase housing and land through long-term lease (Leasehold).

• Is it worth real estate investment in Phuket Property?

  As a big tourist hub with stunning views, Phuket real estate with short-term accommodations is a good investment. With the right property in the right place, value appreciation is also appealing to investors, especially with limited budgets.

• Where are the best areas to buy property for sale in Phuket town?

  Patong is the touristic center which has been improving infrastructure overtime. Other tourist areas include Kata and Karon. These are areas with high tourist traffic and an active rental market, but most of the properties are old stock. Kamala can be a quiet place for a dream home with an Andaman Sea view. For long-term rentals, areas such as Rawai, Nai Harn, and Nai Yang are suitable. Bang Tao is well-structured with international schools and malls, and Laguna Phuket or Surin can be the perfect place for luxury Phuket town real estate.

• How much does Phuket property cost?

  Property prices may vary by location and amenities. Condos start around 3,000,000 THB (Thai baht, around $90,000), to over 20,000,000 THB ($600,000). Villas vary between $150,000 and $750,000 for real estate, and land is from $30,000 to $1,500,000. Luxury apartments can cost from 10 million THB ($285,000), and villas start from 8 million THB ($230,000).

• What is the average price per square meter in Phuket Property?

  The average prices for real estate typically start at $3,500 per m² in Patong and can reach up to $4,500. In Laguna Phuket and Bang Tao, it goes from $3,500 to $5,500. In Kamala, it goes from $3,800 to $5,500. Condominiums range in price from 80,000 to 250,000 THB/m² ($2,280 – $7,150). Luxury seaside properties will cost from 250,000 THB/m² ($7,150+). Villa prices depend on location and features.

• What types of properties are available for sale in Phuket?

  For sales and purchase agreements, there are villas, townhouses, land, hotels, luxury property market, and commercial ones. Property investors also choose condominiums and resorts in Phuket town real estate.

• Can foreigners own land in Phuket town?

  Not directly, but a lease contract can be granted for 30 years and reach up to 90 years through extension. A Thai company ownership is another good solution for Phuket real estate, foreigners can own 49% of the shares.

• Is it a good time to buy property for sale in Phuket?

  Thorough research shows that the Phuket real estate market has shown steady growth recently. The following factors can explain it: big tourist hub, great post-COVID-19 market recovery, growth in real estate, and high demand. Developers offer discounts and installments, which are important for investors. Such investments bring significant financial benefits.

• Is Phuket a good place to retire?

  Phuket town surely is an attractive option for retirement and real estate. The main reasons are retirement visa options, good healthcare and medical services, affordable cost of living, as well as a beautiful nature environment, and relaxed lifestyle. Foreigners also have access to retirement visas, which must be renewed annually.

• Where do foreigners and expats live in Phuket?

  It depends on the preferences, but the most common place is Patong Beach known for its beach activities, nightlife and good real estate. Those who seek places with quieter property for sale in Phuket normally choose Nai Harn, Kamala, Bang Tao, Kathu, Kata, and Rawai.

• Where do wealthy residents live in Phuket?

  Bang Tao is popular for its luxury real estate for sale in Phuket. Kamala Beach is also known for exclusive high-end properties. It features luxurious villas with sea views. Laem Singh and Laguna have very well-developed infrastructure. Surin Beach, Natai, Layan Beach, Cape Yamu, and Phuket Yacht Heaven can complete the list.

• What are the benefits of buying property in Phuket?

  The potential of the real estate investment for sale in Phuket is considerable, especially with new developments and a strong rental market. Finding a perfect property for sale in Phuket can also be the best idea for real estate for retirement. Rental yields are growing and are 6-12% per annum. It is worth noting that property values have increased by 20-40% in 2-3 years. This is due to infrastructure development and an improvement in the standard of living.

• What is the current real estate market situation in Phuket?

  Phuket town shows a big recovery in global tourism and growth in foreign real estate investments. With informed decisions and the right company for Phuket property, it’s a good time to invest in short-term accommodations, condominiums, and real estate in general.