Property Phuket – Real Estate Guide

Phuket was first ‘discovered’ in the late 1970s as a tropical Asian tourist destination, and it wasn’t long before the property business boomed to satisfy those who wanted to spend more time – or all of their time – on the island. Phuket now has some of the most expensive real estate in Thailand out side of Bangkok.

There are some exceptional villas in Phuket, where Bangkok businessmen and expats want to spend all or part of their year. Add to that investors, property and resort developers, and small time businessmen and you realise there’s a lot of competition for limited sea views. If you can settle for something inland, there is plenty of room for everyone, plus plenty of local real estate agents in Phuket to serve your needs. There’s also dozens of projects offering fantastic retirement or investment villas, at prices up to six million dollars, with a steady stream of buyers.

Apartments
Most areas have highrise and low rise apartments for short or long term rental; it’s the easiest option for acquiring a pad in Phuket with a wide range on offer for all budgets…more

Homes
You can create a lovely home in Phuket thanks to the relatively cheap cost of building, buying and furnishing. There are high quality builders and architects on hand as well…more

Villas
The last word in Phuket property, villas are popping up in every vantage point on the island with increasing price tags and trendy designs influenced by traditional Thai styles…more

Self Catering
If you’re staying for just a few months, there are plenty of these units for short term rent, often serviced, which is ideal for those that don’t want to commit to a long term lease…more

Land
Foreigners can’t own land but many buy through their Thai spouse or a locally registered company; others opt for a long term lease to build their dream home in Phuket which is allowed…more

Home Rentals
Many prefer to rent homes in Phuket, since you can’t own the land and there are numerous agents offering choices for all sorts of tastes and with great sea views…more

Brief guide to Phuket property and real estate

Prime land in popular areas like Patong, Kata and Kamala was snapped up years ago by Thai entrepreneurs, and is largely given over to resorts and commercial use. Private villas and other property in Phuket are continually under development on the fringes and headlands, such as Kalim Bay (near Patong) or above Kamala or Surin beaches.

Also popular are former tin mining lagoons, some of which have been converted into golf courses with property for sale, and some into pure property developments. Those wishing to make a home in Phuket, but can’t afford to compete with the millionaires snapping up property around the marinas or golf courses, can opt for housing developments inland; for example, around Chalong, just south of Phuket Town.

Others opt to build independently in traditional neighbourhoods, which is the cheapest option, but fraught with challenges. With beachfront and hillside sites near the attractive beaches of the west coat pretty much fully developed, the east coast, which has very few beaches, is today the focus of increasing amounts of property development.

Further reading…