What type of property are buyers looking for on Phuket? What is the preferred price point? We tracked inquiries made through the Dot Property network of websites Between January 2018 and May 2019 to find those answers.
The most in demand property during this time were one-bedroom condominium units in Patong with an asking price of THB3-5 million. Meanwhile, the most inquiries for detached housing, which includes villa properties, was Cherng Talay.
Phuket had been a market dictated by noticeable high and low seasons in the past, but a levelling out has taken place in recent years. This is due in part to the island’s booming tourism sector. According to Airports of Thailand, Phuket welcomed almost nine million passenger arrivals in 2018, an eight percent year-on-year increase
That being said, most areas do see an increase in inquiries during the traditional high season (December-February). Some locations also recorded a secondary surge in demand between July and September and this can be partially attributed to people making plans for the high season.
1) Patong
Most in-demand property type: 1-bedroom condo
Most in-demand price: THB3-5 million
Busiest months: November 2018, December 2018
2) Karon
Most in-demand property type: 1-bedroom condo
Most in-demand price: THB3-5 million
Busiest months: January 2019, February 2019
3) Kata
Most in-demand property type: 1-bedroom condo
Most in-demand price: THB3 million and under
Busiest months: July 2018, August 2018
4) Kamala
Most in-demand property type: 1-bedroom condo
Most in-demand price: THB3-5 million
Busiest months: January 2019, August 2018
5) Cherng Talay
Most in-demand property type: 2-bedroom house/villa
Most in-demand price: THB5 million and under
Busiest months: December 2018, January 2019
6) Rawai
Most in-demand property type: 3-bedroom house/villa
Most in-demand price: THB8-15 million
Busiest months: March 2019, September 2018
7) Nai Harn
Most in-demand property type: 3-bedroom house/villa
Most in-demand price: THB5-8 million
Busiest months: March 2019, August 2018
9) Bang Tao
Most in-demand property type: 3-bedroom house/villa
Most in-demand price: THB8-15 million
Busiest months: April 2019, September 2018
9) Laguna
Most in-demand property type: 4-bedroom house/villa
Most in-demand price: THB8-15 million
Busiest months: April 2019, August 2018
10) Layan
Most in-demand property type: 3-bedroom house/villa
Most in-demand price: THB15-30 million
Busiest months: May 2019, March 2019
11) Surin
Most in-demand property type: 1-bedroom condo
Most in-demand price: THB3 million and under
Busiest months: November 2018, January 2019