Phuket Property Market Demand Overview

Date of article: Q2 2019

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 was one-bedroom condominium units in Patong with an asking price of THB3-5 million. Mean while, the most inquiries for detached housing, which includes villa properties, was Cherng Talay, an up and-coming part of Phuket. Phuket had been a market dictated by notice able high and low seasons in the past, but a levelling outhas 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.

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