The south of Phuket is one of the most sought-after places for living and investing in this sunny country. Real estate in Thailand here consists of luxury villas, townhouses, single-family houses, and quite affordable apartments. Stunning views of the ocean and white sand beaches, year-round summer, and exotic nature are bonuses to many properties. In this article, we will look at the benefits of Phuket’s southern part for long-term real estate investment.
Content:
- A short guide to the south of Phuket
- Sales statistics in 2022-2023
- Property types in the south of Phuket
- We will help you buy property in Thailand!
A short guide to the south of Phuket
The southern part of Phuket has a special beauty to it and a unique way of life. It is home to magnificent sandy beaches washed by the turquoise waters of the Andaman Sea, with Rawai, Nai Harn, Yanui, and Ao Sane being the most famous of them, and luxury resorts with first-class service. The climate is benign all year round, and nature is magnificent. All this makes the southern part of the island especially attractive for permanent residence or for the purchase of holiday homes.
The south of Phuket is a tourist hub in Thailand, which makes it particularly attractive to investors in residential or commercial real estate. Here you can find high-yielding properties that generate stable income streams throughout the year. Whether you are an investor or just looking to buy your own home in the south of Phuket, this area provides plenty of options for all budgets and preferences.
Sales statistics in 2022-2023
In the south of Phuket, you can find a wide variety of types of real estate that you might want to consider buying or investing in. Here are the most popular properties in the south of Phuket:
- Villas with sea views and swimming pools;
- Apartments in condominiums with amenities and 24/7 security;
- Townhouses in gated communities.
Each of these types of property has its own special features and advantages. Villas in Thailand provide privacy and luxury for large groups of people or families, while apartments provide convenience and affordability for solo travellers or couples. Townhouses combine the best qualities of both types.
In 2022, 15% more properties were sold in Phuket than in 2021. Premium real estate was in particular demand. In 2023, just like last year, according to statistics, buyers are mainly overseas citizens interested in purchasing property as a holiday home and an investment. According to the latest data, the real estate market in Phuket continues to show growth. Prices are also on the rise, making residential properties particularly attractive to investors. For instance, in 2023, apartments in new developments go up in price by about 30% immediately after they are commissioned. In 2023, the region is expected to continue to see growing demand for real estate in the south of Phuket. It is worth adding that Phuket is the leader among other Thai regions when it comes to rental return (about 7%). It is followed by Pattaya, Hua Hin, and Bangkok.
Property types in the south of Phuket
Apartments are very much in demand in the south of Phuket. They come in various sizes and price points, which makes them available to a wide audience of buyers. Apartments in Thailand are typically located in new residential developments with swimming pools and other amenities. New developments are especially popular with investors and tenants as they offer modern designs, amenities, and infrastructure.
Villas and houses in Thailand in the south of Phuket are also one of the popular real estate options. They have a spacious area, private swimming pools, and often gardens and beautiful ocean views. This is an excellent choice for those who want to have their own home in a private environment.
It is worth mentioning condominiums. These are apartments in high-rise complexes with shared infrastructure such as a swimming pool, a gym, and parking. They are usually available at a more affordable price compared to villas or houses. Condominiums in the south of Phuket are especially popular with investors as they offer good rental and income potential.
Townhouses are an excellent choice for those who want to live in a private home with a garden and parking, but are not ready to pay for a large villa or house.
If you are looking for a way to invest in real estate and earn passive income, then hotel rooms can be a great option. Some developers offer the opportunity to purchase a hotel room in the south of Phuket, which will be rented out and bring you a monthly income.
Finally, if you are planning to build your own home or start a business in the south of Phuket, then purchasing a plot of land can be a good idea. Plots are available in different sizes and locations, allowing you to choose the option that suits you best. They can be purchased for investment purposes or building your own home. Some plots are located in a mountainous area, which provides stunning views of the ocean.
We will help you buy property in Thailand!
There are various types of real estate available in the south of Phuket, and the choice depends on the needs and financial capabilities of a particular buyer. Buying property in Phuket means not only becoming the owner of a unique holiday home or permanent residence in the island, but also making an investment with a high potential for profit. The growing popularity of the island as a tourist destination guarantees a stable demand for rental property and the possibility of generating high passive income for years to come. Don’t miss the chance to live a life of comfort or successfully invest in real estate in Phuket.
Reach out to our experts right now! They will help you choose the right property and secure your own place in the sun on a beautiful island. Until next time!