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Phukets Condominium Market

Phukets Condominium Market
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Phukets Condominium Market

Anyone who’s bought real estate in Phuket over the last 10 years knows, the demand for property here has increased significantly. There are new condominium developments in the pipeline that aim to ensure the island’s popularity for years to come. Some areas in Phuket are still yet to be developed and represent investment opportunities.

Thailand has been an extremely popular tourist destination for decades now, attracting an astounding 28 million visitors in 2014. A growing number of people enjoy the Thai culture so much that some decide to buy an apartment or condominium in the Land of Smiles. A majority of these home buyers choose the white sandy beaches and tropical lifestyle of Phuket for investment.

The Market for Condominiums in Phuket

Phukets condominium market - Surin Sea View Villa – Luxury Hillside Private Pool Villa for Sale Image

Phukets luxurious high end Condominiums have been in great demand in prior years. However, these units are currently not the most sought-after anymore. The average home buyer in Phuket prefers a more affordable property. Most of the Condominiums that are sold now are under the 5 million baht mark.

The effect of this trend is already visible in the new developments. Most of these are now built on a relatively smaller plot of land and a smaller unit size but with a focus on comfort and privacy. The reduced size has made these units more affordable, especially as land prices in Phuket are consistently increasing.

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Phuket Market Report for Jan 2013

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Phuket Market Report for Jan 2013 golf image

Increasingly Phuket has become ground zero for the region’s new leisure consumers. Unlike in decades past where the beach was the flashpoint of activity, an increasing number of tourists are now heading to shopping malls and seek out a daily dose of activities.

Phuket Market Report – Jan 2013

Barnett, Bill  |  C9 Market Update: September 2015  |  Retrieved from C9 Hotelworks  |  File Type: PDF

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