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Buying real estate in Phuket — apartments, villas, condominiums
Phuket is Thailand's largest island and one of Southeast Asia's key investment markets. In 2025, the island welcomed over 10 million tourists, with average rental yields of 6–10% per year. We select properties on the primary and secondary markets: condominiums from developers, villas with pools, and apartments managed by hotel operators. Our website features current listings with verified prices in baht, dollars, euros, and rubles.
Ownership forms: Freehold and Leasehold
Foreigners can own a condominium unit in full freehold ownership if the foreign ownership quota does not exceed 49% of the building's total area. This rule is established in the Condominium Act B.E. 2522 (1979). For villas and houses, a long-term land lease (Leasehold) of 30 years with the right to renew twice, or setup through a Thai company, is used. Ownership is confirmed by a Chanote title deed (Nor Sor 4 Jor) — the only title guaranteeing precise land boundaries and registration at the Land Office.
How much does housing cost in Phuket in 2026
Prices depend on the area, property type, and construction stage. A studio in an off-plan condominium starts from 2.5–3 million baht (≈70,000–85,000 USD). A one-bedroom apartment starts from 4 million baht (≈110,000 USD). Two-bedroom apartments start from 6 million baht (≈165,000 USD). A villa with a pool and land plot starts from 10 million baht (≈275,000 USD). Luxury properties with Andaman Sea views in Kamala, Surin, and Laguna areas cost from 30 to 100+ million baht.
When purchasing, a Transfer Fee (2% of the appraised value, usually split with the seller), a stamp duty of 0.5%, and in some cases a Specific Business Tax of 3.3% are paid. All transactions are conducted in Thai baht through the Land Office.
Phuket districts: where to buy
For investment rentals: Patong, Karon, and Kata — tourist hubs with maximum occupancy (80–90% in high season). Average short-term rental yield is 7–10% per year. Studios and one-bedroom units are suitable.
For permanent residence: Rawai and Nai Harn — quiet areas in the south of the island with developed expat infrastructure. Restaurants, markets, and international schools are nearby. Prices are 15–20% lower than on the west coast.
For buying villas: Bang Tao and Laguna — an upscale area with golf courses, five-star hotels (Banyan Tree, Angsana), and villas from 15 million baht. Kamala — a prestigious area with panoramic views and premium-class properties.
For budget purchases: Chalong and Thalang — inland areas with affordable prices. Condominiums from 2 million baht, townhouses from 4 million baht. Beaches are a 10–15 minute drive away.
Yield and management
Many residential complexes in Phuket offer guaranteed return programs for 3–5 years with payouts of 5–7% per year. An alternative is a Rental Pool: rental income from all units in the complex is shared among owners proportionally to the unit area. When managing independently via Airbnb or Booking, yields can reach 8–12%, but this requires the involvement of a management company.
The owner has the right to use the unit for personal vacations for 2–4 weeks per year without losing rental income — specific conditions are outlined in the agreement with the management company.
Purchase process
The transaction takes 30–60 days and includes: property selection → signing a reservation agreement with a deposit (typically 100,000–200,000 baht) → legal due diligence → signing the main purchase agreement → payment → registration at the Land Office. For off-plan properties, payment is made in installments according to the construction schedule: 30% upon signing, 30% when the frame is built, 40% upon completion.
We accompany the transaction at all stages: property selection, organizing viewings, legal document verification, assistance with fund transfers, and registration at the Land Office.
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Questions from property buyers
Off-plan is the purchase of a property that is still under construction. Advantages: price is 10–20% lower than after completion; interest-free installment plan; choice of best layouts and floors. Risks: construction delays, the result not matching the renders, developer bankruptcy. To minimize risks, choose developers with completed projects and check for the presence of an EIA (Environmental Impact Assessment) and a construction permit. We verify the developer's reputation and documents before purchase.
Purchasing real estate itself does not grant a visa or residency permit. However, owners of property worth from 10 million baht (≈ 270,000 EUR) can obtain a 10-year LTR (Long-Term Resident Visa) — subject to income or investment confirmation. Also available is the Thailand Elite Visa (5–20 years, price from 600,000 baht ≈ 16,000 EUR) and the Non-Immigrant Visa "O-A" (for persons over 50 years old with proof of financial stability).
Transactions at the Land Office are conducted only in Thai Baht. Transfers from the Eurozone are possible through a correspondent bank in Baht or Euros with conversion. Some developers accept cryptocurrency (USDT, BTC). To register Freehold for a foreigner, proof of currency import from abroad is required — the Foreign Exchange Transaction Form (Tor Tor 3). We assist with arranging the transfer.
For short-term rentals to tourists — Patong, Karon and Kata: 80–90% occupancy in high season (November–April), yield of 7–10% per year. For long-term rentals to expats — Rawai, Chalong, Thalang: stable demand, yield of 5–7%. For buying a villa — Bang Tao and Laguna: premium segment, capitalization growth of 5–8% per year. Kamala — a prestigious area with panoramic views, attracting wealthy buyers.
Transfer Fee — 2% of the appraised value (usually split equally between buyer and seller). Stamp Duty — 0.5%. Specific Business Tax — 3.3% (paid by the seller if they have owned the property for less than 5 years). Legal support — 30,000–80,000 baht. Total buyer expenses amount to 1–3% of the property value. Annual common area maintenance fee (Common Area Fee) — 30–80 baht per m² per month.
A studio in a condominium — from 2.5 million baht (≈70,000 USD). A one-bedroom apartment — from 4 million baht (≈110,000 USD). Two-bedroom apartments — from 6 million baht (≈165,000 USD). At the off-plan stage (under construction), prices are 10–20% lower than after completion. In the Chalong and Thalang areas, prices are 15–20% lower compared to the coast. Villas with a pool — from 10 million baht (≈275,000 USD). Luxury villas with sea views — from 30 million baht.
Yes. A foreigner can register a condominium unit in Phuket as full ownership (Freehold) provided that the foreign ownership quota does not exceed 49% of the building's total area. This right is enshrined in the Condominium Act B.E. 2522 (1979). For villas and houses, Leasehold is used (land lease for 30 years with the right to renew twice) or registration through a Thai company. Ownership is confirmed by a Chanote title deed (Nor Sor 4 Jor), which is registered at the Land Office.
Our offices in Phuket
