Overview of Phuket Real Estate Market
The Real Estate market in Phuket is correctly described as being unlike any other real estate market in the world. A mere 660 metres from the Thai mainland across the Sarasin Bridge, Phuket’s property market differs even from that of mainland Thailand.
Driven predominantly by foreign investors, Phuket distinguishes itself by the broad mix of nationalities and the types of properties on offer. With an array of projects and areas catering to specific nationalities and price points, it makes for a rather colourful property market.
This section aims to give investors a broad overview of the Phuket real estate sector, including some in-depth analysis of trends within the sector. It looks at prices both on the island and throughout Thailand, and examines the fundamentals which affect both local and broader Thai market prices. It also looks at how the price per square metre can vary in different areas of Phuket, and which properties tend to favour investment/rental income, rather than residential.
Tourism is clearly the key driver of the Phuket real state sector, and the current low interest rate environment offers an ideal investment opportunity for many foreign buyers. With impressive demand, the island enjoys a buoyant property market which for over two decades has helped to raise wages and create very stable employment for the local population.
Phuket Real Estate Market Articles
Factors Affecting Real Estate Prices in Phuket
It is almost a misnomer to refer to “The Phuket Property Market” because it is not a homogeneous entity. It is divided (and even subdivided) into categories which collectively include a diverse array of buyers.
Valuing a Phuket Property
VALUING A PHUKET PROPERTY When a seller advertises a property in Phuket, the price is their notion of the home’s worth, but the only true valuation comes when they find a buyer who agrees with them. Value is
Types of Phuket Property
SECTION 3: THE DIFFERENT TYPES OF PHUKET PROPERTY In an effort to help buyers better identify their ideal property, Thai Residential have classified the different types of available properties in Phuket. While the choice is extensive, the categorisation is
The Inherent Risks to Buyers of Phuket Property
It should stand to reason that someone making a major purchase, especially one as large as a luxury property on Phuket, will endeavour to do the relevant research before they sign on the dotted line. Anyone who is not
The Importance of Sound Legal Advice for Foreigners when Buying Property in Phuket
Understanding Phuket Property Laws, An Inconvenient Truth Anyone buying a property in Phuket must ensure that their purchase is done according to the laws of the Kingdom. In certain respects, these laws are not dissimilar to
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