Phuket Property Buyers Guide

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With Phuket property prices experience unprecedented year on year gains, the market is attracting more foreign investors looking to capitalise on this dynamic. Foreign demand has certainly increased and new developments and infrastructure projects are appearing across the island.

Investing in Phuket property remains popular among foreigners seeking better returns than currently being offered by bank deposits. From condominiums to villas, across a broad range of prices, sizes and areas, there is always something to suit all budgets and tastes.

As one of Thailand's most dynamic property markets, the Phuket real estate market has come on leaps and bounds over the last few decades. Coupled with its booming tourist sector, the island is always attracting both new residents and investors. As the market has evolved there is now a wide range of condominiums and villas to choose from. From west and east coast sea views, to central mountain views, even marina views, the property market has something to appeal to every taste.

Condominiums are by far the easiest way for foreigners to own property in Phuket. They may own the condominium in their own name, with legal ownership registered at the local Phuket Land Department. Ownership is in perpetuity i.e. forever and, generally speaking, condominiums are much cheaper and easier to buy or sell at a later date. Due to the condominium markets popularity among foreigners, there are now a multitude of projects to choose from across the island, with a broad range of sizes and prices.

The Phuket villa market has taken off in earnest over the last 5 years, with a multitude of styles, sizes and price points now available to prospective buyers, catering for all budgets and tastes. There are now many types of villas to choose from, ranging from 2 bedroom courtyard style pool villas further inland to luxurious sea view villas on both Phuket's west east coasts. Some areas in the central region of the island are also developing, offering luxury villas with stunning mountain views.

One of the major attractions of Phuket for many buyers of Phuket property, especially those coming from large polluted cities, is the excellent air quality. As a small island, wherever you are in Phuket, you are not far from the coast. The coastal winds clean the air making the island a healthy place to live for anyone seeking a home in the tropics.