The demand for real estate in Phuket has increased significantly, with Chinese investors and European buyers leading the way. Europeans are particularly interested in villas with a swimming pool as a way to avoid the ongoing conflict with Ukraine. Meanwhile, Chinese investors are showing interest in a wide range of real estate properties, from basic ones such as apartments and villas to other options such as shopping houses and durian gardens. Phuket's real estate market is experiencing noticeable shifts as demand from foreign buyers continues to grow.
The Phuket real estate market is growing, inventory has decreased by 24% A recent report from the Real Estate Information Center (REIC) shows a promising revival of the Phuket real estate market with a reduction in inventory by up to 24% due to increased sales. The resurgence of sales is primarily due to the return of foreigners to the region after the easing of travel restrictions in their countries. Despite this recovery, some areas such as Thep Krasattri and Si Sunthon are still struggling with unsold properties despite high demand from buyers.
There is a surge of foreigners in the Phuket real estate market, which leads to an increase in land prices by 20-30%. As foreign buyers return to the Thai real estate market, Phuket is experiencing a surge in demand, especially from European buyers and Chinese investors, which leads to an increase in land prices by 20-30%. This price increase is especially noticeable in coastal areas, which are becoming more and more in demand. Europeans are currently the main buyers of residential real estate in Phuket, while Chinese investors are buying a variety of real estate for investment purposes.