Phuket Property For Sale, Buy Luxury Properties

Welcome to Charlesdel, and our diverse, carefully selected portfolio of properties for sale across Phuket, Thailand. We help buyers from around the world in locating the ideal property that aligns as closely as possible with their investment criteria. For all property types, from entry-level condos to high-end estate villas, whether you’re looking for a holiday home, permanent residence, or buying for investment, we are here to assist throughout the entire acquisition process.

Phuket is where you will find some of the most exclusive homes in Thailand and has developed into a world famous destination for those seeking stunning properties in one of the most sought-after tropical locations. As Thailand’s largest island, Phuket offers over 30 breathtaking beaches, vibrant towns, and a rich cultural heritage. The island’s appeal lies not only in its natural beauty but also in its exceptional infrastructure, and fight connectivity, making it a top choice for both tourists and real estate investors alike.

At Charlesdel, we offer a carefully chosen portfolio of Phuket properties, ranging from entry-level condos and apartments to mid-range garden villas and houses, up to luxury sea view villas in premium locations and upscale beachfront estates. Our collection includes the full spectrum of styles, from cutting-edge contemporary designs to Bali-style and traditional Thai architecture. From vacation homes, permanent residences, rental properties, or combinations of these, our diverse selection ensures that there are investment options to meet every need.

Phuket’s property market has undergone a remarkable transformation in recent years. What was once a relatively unknown destination has evolved over a few decades into one of the world’s top vacation spots, drawing attention from international buyers and investors. This growth has been driven by overseas demand for properties following a thriving tourism industry complemented by continuous improvements in infrastructure, such as road networks, airports, and amenities, making Phuket a convenient and attractive place to invest and also live.The island is connected to the mainland by the Sarasin Bridge, providing easy access to Phang Nga Province and beyond.

Why Choose Charlesdel for Buying Your Phuket Home?

We are an independent luxury real estate agency specialising in international resort properties. Our highly trained agents possess extensive experience and deep market knowledge of Phuket, ensuring our clients receive expert, unbiased advice. We pride ourselves on delivering a truly bespoke service that caters to each client’s unique aspirations and investment goals. Our carefully selected Phuket portfolio features exceptional holiday homes and investment properties that meet rigorous standards for quality, value, and developer reputation. By combining exceptional customer service with cutting-edge technology, we make the process of buying or selling property as straightforward and seamless as possible. Read More about Charlesdel

Why Invest in Phuket Property?

Phuket has long been a favoured destination for tourists and property investors alike, and there are several compelling reasons why buying luxury villas, houses, and property in Phuket is so attractive:

High Tourist Numbers

Phuket’s booming tourism industry is one of the primary drivers behind its robust real estate market. In 2023, Phuket welcomed 11 million tourists, generating an impressive 388 billion baht in revenue (Bangkok Post), Projections for 2024 are even more optimistic, with tourist revenue expected to surpass 400 billion baht, thanks to local promotions and initiatives by the Tourism Authority of Thailand (TAT). The TAT is actively promoting luxury tourism, aiming to attract high-spending visitors, which is expected to further boost Phuket’s real estate market. This influx of tourists has made tourism the island’s primary income source, driving demand for high-end properties and making Phuket an increasingly attractive market for real estate investment.

The expansion of Phuket International Airport, backed by a 6.21 billion baht investment (The Nation), is set to increase its capacity from 12.5 million to 18 million passengers per year by 2029. This development includes a new international terminal and facilities for seaplane parking, ensuring that Phuket remains accessible to a global audience. The continuous growth in tourism and the increasing number of foreign residents contribute to a steady rise in Phuket property investments, especially in the luxury segment.

Rising Property Prices

Phuket’s property market is marked by steady price increases, a testament to strong economic fundamentals and high investor confidence. Notably, the luxury property sector has experienced the strongest demand, with the market not only rebounding post-COVID but exceeding pre-pandemic activity levels. A primary driver of this upward trend is intense investor demand combined with a limited supply of prime land. The Nation reports that land prices across Phuket have risen by an average of 10.7% per year from 2004 to 2024. Naturally, these escalating land values are reflected in the cost of residential properties. Excluding the COVID-affected years, typical annual growth has hovered around 5%. According to CBRE, residential property prices in Phuket surged by an impressive 10–15% in 2023 (source: Bangkok Post). Throughout 2024, prices are expected to continue their upward trajectory, though possibly at a more moderate rate, influenced by an anticipated increase in property supply. This growth underlines Phuket’s increasing appeal as a luxury destination.

Easy Accessibility with Direct Flights

Phuket’s strategic location and excellent connectivity are key factors that enhance its appeal. The Phuket International Airport offers non-stop flights to 40 destinations across 16 countries, including major hubs like Germany and Australia. Just a 90-minute flight from Bangkok, Phuket is easily accessible for both short-term tourists and long-term residents. This extensive network of direct flights makes it convenient for international travellers and investors, increasing the attractiveness of buying villas for sale in Phuket and other luxury properties on the island.

Diverse Range of Properties

Phuket offers a diverse range of property types to cater to different tastes and investment goals. In terms of price points, there are affordable apartments and townhouses to high-end villas and beachfront estates, there is something for every investor. The market also offers garden view, sea view, and beachfront homes, with styles including contemporary modern, Bali style and traditional Asian architecture. The average listing prices are approximately 14 million THB for condominiums and 18 million THB for villas, with entry-level condos and villas starting at around 2 million and 4 million THB, respectively. At the high end, luxury estates can command prices up to 18 million USD. However, quality entry-level condominiums can be acquired for as little as a few million baht. This variety provides ample opportunities for investors to find properties that align with their budget and preferences.

Excellent Infrastructure

Phuket is continuously improving its infrastructure to support its growing number of tourists and residents. The expansion of Phuket International Airport and the introduction of seaplane services to nearby islands are part of a broader strategy to enhance the island’s accessibility and appeal. Numerous building regulations exist, including project sizes based on road width and rules concerning what can be developed at land at different altitudes and on what gradient. These help to ensure accessibility of properties for sale in Phuket along with sustainable development. The provincial development plan for 2023–2027 also includes initiatives to diversify the local economy, such as establishing Phuket as an international education hub and leveraging digital technology to create new opportunities.

International Schools and Hospitals

Phuket is not only a popular destination for leisure but also for those seeking high-quality healthcare and education. The island is home to several renowned hospitals, including Bangkok Hospital Phuket and Bangkok Hospital Siriroj, which offer a wide range of services and are well-equipped to handle international patients. For families, Phuket offers multiple international schools, around 14 as of 2024, depending on your definition, with world-class curricula, making it an attractive location for expatriates and long-term residents.

Modern Lifestyle and High-End Amenities

Phuket offers a highly developed, modern lifestyle with a range of high-end amenities. The island boasts several prestigious international hotel brands like Four Points by Sheraton, JW Marriott, and Hilton, alongside high-end shopping malls, Michelin-starred restaurants, and a vibrant nightlife. For those who appreciate a dynamic urban lifestyle, Phuket provides world-class golf courses, yacht clubs, beach clubs, and numerous recreational options, offering a variety of choices.

Access to Neighbouring Islands

Phuket’s location makes it an excellent starting point for exploring the Andaman Sea and Phang Nga Bay. The island is well-connected to numerous nearby islands, such as Koh Lanta, Similan Island, Koh Phi Phi, Koh Bon, Koh Yao Yai, and Koh Yao Noi. Koh Samui is also easily reached by a quick flight, or a short ferry and a four-hour drive. These islands offer a variety of activities, from snorkelling and diving to relaxing on pristine beaches, adding an extra layer of appeal for those investing in Phuket’s luxury real estate market. The ease of island hopping enhances Phuket’s desirability as a home base for adventure and relaxation.

Phuket Property Market

As a world-leading holiday destination, Phuket’s real estate market is largely driven by international demand, supported by its thriving tourism industry. In contrast, other property markets within Thailand that are not resort-focused, such as Bangkok, are dominated by local buyers. In Phuket, most residential property investment comes from overseas buyers, many of whom discover the market during holidays. However, in the post-pandemic years, a significant portion of investment in Phuket’s luxury branded sector has come from Thai buyers, highlighting growing local interest in this niche.

Phuket’s real estate market has seen unprecedented growth in recent years, primarily driven by the robust recovery of tourism post-COVID-19 and a surge in Russian investors seeking safe havens amid geopolitical tensions. Government initiatives, such as the Long-Term Resident (LTR) Visa, have further boosted foreign interest. The rise of digital nomads and the shift to remote work have also made Phuket attractive for families, thanks to its strong infrastructure, tropical lifestyle, excellent connectivity, cultural appeal, and relatively low cost of living. Phuket’s property market also offers notable value compared to similar destinations like Dubai, Marbella, and Ibiza.

Unprecedented Growth: In 2023, villa sales surpassed expectations with over 400 units sold—four times the annual average, according to CBRE. The condominium market also thrived, exceeding 2,000 units sold. This momentum continued into the first half of 2024, with REIC reporting strong growth driven by foreign demand (source: Bangkok Post). New villa supply rose by 383% to 1,175 units, valued at 38.3 billion baht, marking a 272% increase. Total villa supply exceeded 1,000 units for the first time, and new villa sales nearly doubled to 787 units worth 30 billion baht in early 2024, compared to 403 units worth 17.9 billion in late 2023.

Other than continued growth throughout 2024 and beyond, noticeable trends in Phuket real estate include:

Strength in the Luxury Sector and Branded Properties: The focus in Phuket’s property market is shifting towards mid to high-end segments, driven by buyers interested in upscale, eco-friendly investments. Branded real estate, supported by partnerships with international brands, is flourishing, establishing Phuket as a leading destination in Asia’s luxury market.

Expansion to Inland Areas: High demand and limited coastal land are pushing development inland, promoting eco-friendly projects that integrate natural spaces. Inland properties, with lower land costs, are supporting sustainable development and appealing to buyers prioritising space and green living. Additionally, these inland developments are gaining value from proximity to new infrastructure, international schools, shopping centres, and attractions, offering good investment potential if they maintain high quality and competitive value compared to overseas markets.

Shift in Buyer Demographics: Buyer profiles are evolving, with more digital nomads and remote workers seeking long-term residences, valuing space, affordability, and modern infrastructure rather than being next to the coast.

Increasing Leasehold Structures at Lower Price Points: Developers are responding to stricter enforcement of laws regarding corporate holding structures for freehold villas by offering leasehold structures for entry-level villas and houses, while legitimate company holding structures for mid to high-end freehold villas remain an option.

Read more about the Phuket Property market

Notable Areas for Luxury Homes in Phuket

The allure of the Andaman Sea and the pristine beaches along the West Coast have historically made this region the most sought-after. However, limited supply and rising coastal land prices, especially in prime areas like Bang Tao, are causing new areas to be developed across the island. The evolving profiles of luxury property buyers are also playing a role in shaping these trends. While proximity to the sea remains a significant factor, other considerations are gaining importance. Buyers are increasingly prioritising value for money, access to amenities, and closeness to schools as their preferences diversify. Here we highlight some key areas in Phuket’s dynamic luxury property market.

Kata and Karon: Offering a quieter atmosphere than Patong, Kata and Karon are popular for their scenic beaches and a relaxed lifestyle, appealing to tourists and long-term expats alike. The properties range from luxurious sea-view villas to more affordable apartments and townhouses.

Layan Beach: Layan Beach is a secluded beach located on the northwest coast of Phuket. Known for its white sand beach, crystal-clear waters, and lush green hills, this area has seen a surge in demand, particularly for new projects. The luxury property spectrum here is expansive, ranging from high-end villas to boutique establishments.

Kamala: Known for its impressive upscale homes and Millionaire’s Mile, Kamala, with its premium villas and luxury condos, caters to a more discerning market and commands some of the highest prices on the Phuket property market. Though fairly quiet, it offers ample amenities to its residents.

Natai Beach: A picturesque stretch of coastline along the Andaman Sea, offering a tranquil escape from the everyday hustle while remaining a convenient 30-minute drive from Phuket International Airport. This part of Phang Nga Province is a unique blend of accessibility and seclusion, giving it a distinctive edge in the realm of coastal living.

Bang Tao and Laguna: This area, particularly over the last 18 months, has witnessed extremely high demand. Home to the renowned Laguna Phuket resort complex, it boasts a range of high-end villas, townhouses, and condos. The community feel, comprehensive amenities, and beautiful beach make it a coveted location for luxury property buyers.

Rawai and Nai Harn: Situated in the south, these areas are celebrated for their natural beauty and peaceful surroundings. Rawai has always been a buyer’s favourite, but Nai Harn holds a distinct charm with its more mature property developments and limited new projects, making it a contrast to many other areas.

Nai Thon: A hidden gem on the northwest coast, Nai Thon is prized for its unspoiled beach and tranquil environment, perfect for those looking to escape the crowds. With a serene setting and natural beauty, it caters mainly to those seeking privacy and exclusivity. 

Cape Yamu: Located on Phuket’s east coast, Cape Yamu is a tranquil peninsula known for its breathtaking views. This area remains a favourite for high-end villa buyers valuing privacy and elegance, showcasing properties with modern architecture and luxurious amenities.

Phuket Town: Offering a slice of local Thai culture, Phuket Town attracts those wanting an authentic living experience. Though more affordable, properties here cater mainly to a market looking for residential setups rather than holiday homes.

Surin and Pansea Beach: Synonymous with luxury and exclusivity, these areas host some of Phuket’s most extravagant properties, along with beautiful beaches and upscale beach clubs.

Ao Po and the East Coast: While the West Coast might have its beaches, the East Coast offers stunning vistas over Phang Nga Bay. The slower pace and less developed environment make it increasingly appealing to those looking for serenity.

Patong: Phuket’s most famous beach resort town, Patong, is ever vibrant, known for its nightlife and shopping. Ideal for investments in short-term rentals or holiday homes, properties here remain in high demand.

Cherng Talay and Thalang: Contrary to areas such as Nai Harn, the expansive lands of Cherng Talay and the wider Thalang region hold immense promise for upcoming property developments in Phuket. Their inland growth potential is undeniable, positioning them as key players in Phuket’s future luxury real estate landscape.

Pasak and Bang Jo: Further inland, areas like Pasak are seeing a rise in buyer interest. Bang Jo, due to its proximity to the Blue Tree Recreation Park, is also witnessing burgeoning development, indicating the evolving trends in luxury property preferences.

Legal Structures for Owning Property in Phuket

Foreign investors looking to buy property in Phuket, Thailand, need to navigate specific legal structures due to Thai laws that prohibit direct foreign ownership of freehold land. Foreigners can own freehold condominiums in Phuket directly under their name, but for villas and houses for sale in Phuket, the freehold of the land needs to be in a Thai corporate structure or leased. Regarding ‘regular’ apartments in Phuket, where the development has no condominium license, the ownership structure is either a 30-year lease or shares in a Thai company that holds the freehold. Despite these complexities, the Phuket property market remains highly attractive to foreign buyers, particularly those looking for long-term investments in luxury properties.

It should be noted that there are proposed changes to Thailand’s property laws, such as extending lease periods to 99 years and increasing the foreign ownership quota for condominiums from 49 to 75%, which could significantly impact the Phuket real estate market. If enacted, these changes are expected to attract more foreign investment, boost economic growth, and enhance the competitiveness of the Thai real estate market on a global scale.

The Process for Buying Property in Phuket

When purchasing a home in Phuket, it’s crucial to understand the unique steps involved to ensure a smooth transaction. Firstly, identify your reasons for investing—whether it’s for personal use as a holiday residence or as an investment—and determine your budget and financing options. It is essential to familiarise yourself with Thailand’s laws for property ownership by non-nationals to fully understand your options for acquiring villas, houses, freehold condominiums, and apartments. Additionally, it’s critical to thoroughly explore different locations in Phuket to find the area that best suits your lifestyle and investment goals.

Choosing an independent agent with extensive local market expertise is also vital. A knowledgeable agent can guide you through the local market nuances and help you navigate the various options available. Once you’ve selected your preferred agent, and shortlisted properties, viewings are arranged. If moving forward, consult a local lawyer to understand the legal aspects and ownership structures. Make an offer through your agent and, upon agreeing a price and terms, pay a holding deposit, and sign a reservation agreement to take the property off the market, while your lawyer conducts due diligence to verify the property’s legal status and ensure there are no encumbrances or legal issues.

After satisfactory due diligence, main contracts are signed. If you are buying a finished property, you would typically pay the balance in full when you sign the sales and purchase agreement. However, if you are purchasing off-plan, or one under construction, you would sign both the sales and purchase agreement and a construction agreement, and then pay the first construction instalment according to the agreed payment schedule. Finally, take possession of your new home, ensuring all necessary documents and guarantees are in place. Understanding and adhering to these steps, especially familiarising yourself with the legal requirements, choosing the right agent, and knowing the process for off-plan purchases, is crucial to a successful property purchase in Phuket.

Phuket’s real estate market is a dynamic and evolving landscape, offering a wide range of opportunities for investors, homebuyers, and those seeking a luxury lifestyle. With its stunning natural beauty, advanced infrastructure, and diverse property options, Phuket stands out as one of the most attractive destinations for real estate investment in Thailand. Whether you are looking for a Phuket villa for sale, a house or condo, Charlesdel is here to guide you through every step of the process, ensuring that you find the best possible home or investment property available.

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