This article on overseas demand for Phuket villas appeared in the Dot Property Group Phuket Real Estate Market Update. Click here to download your copy.
Buyers from abroad had high-end Phuket villas in their sights with demand growing more than 40 percent during the May-August period when compared to the first four months of the year. Interest across the entire segment rose by almost 30 percent over this time, although the largest gains came for residences priced at THB20 million and above.
Overseas demand for Phuket villas in both July and August surpassed any month from 2021 in another sign the island is in store for a proper high season. The rise in sales interest also coincided with rising requests for Phuket villa rentals.
High-end properties recorded a noticeable uptick in demand from international buyers. Interest in villas priced at THB20 million and above rose by 50.7 percent in May-August when compared to January-April. Meanwhile, demand for residences in the THB10-20 million price range increased by 32.9 percent.
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Three-bedroom villas were the most popular size accounting for 44.5 percent of all inquiries made via the Dot Property Group between January and August. More than 35 percent of demand was for properties with four or more bedrooms.
The largest difference between this group and domestic buyers comes in terms of property size. Thai demand for Phuket villas was concentrated towards three-bedroom homes which made up more than half of all inquiries.
Overseas demand for Phuket villas accounts for 58.5 percent of all interest in this segment between January and August of 2022. The breakdown is similar for condos on the island with international buyers making up 59.5 of total demand.
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