Real Estate Investments - SOUTH PHUKETA

South Phuket, known for its picturesque scenery and luxurious resorts, is one of the most attractive places to live and invest in real estate. This Thai paradise offers a wide range of properties, from modern apartments and townhouses to luxury villas and condominiums, each with its own unique benefits and features.

Why Phuket South?

The south of Phuket is famous for its beautiful beaches such as Nai Harn, Kata and Karon, which are perfect for families, surfing or just a relaxing day on the sand. It is also home to many attractions including the Big Buddha, Chalong Temple and Phuket Bird Park.

The south of Phuket also offers excellent opportunities for investors. The real estate market here continues to grow and land and property values are increasing every year. Due to the developed infrastructure and the large number of tourists, real estate investment here promises good returns.

In addition, South Phuket has excellent transportation accessibility. It offers easy access to Phuket International Airport as well as other popular tourist destinations such as Phang Nga and Krabi.

Finally, South Phuket is a place where you can find tranquility and privacy, enjoying the beauty of tropical nature, while remaining close to all amenities and entertainment. This makes it an ideal choice for those who want to combine comfortable living with unique natural beauty and great outdoor activities.

Real estate Market Overview

The South Phuket real estate market continues to grow as evidenced by sales statistics for 2022-2023. Comparative analysis with previous periods shows a steady increase in demand for real estate in this region.

On average, the cost per square meter in new buildings in South Phuket in 2022 was around US$2,000. In 2023, there was an increase in cost to US$2,200 per square meter.

The secondary real estate market also shows growth. If in 2021 the average cost of an apartment was about 150 thousand dollars, in 2022 this figure increased to 165 thousand dollars.

So Lagoon

from $95,000

Bangtao, Phuket, Thailand.

Ayana Luxury Villas

from $823,000

Choeng Thale, Phuket, Thailand

California Rawai

from $136 119

Rawai, Phuket, Thailand

The Modeva

from $124 800

Bangtao, Phuket, Thailand.

Alisa pool villas

from $17 900,000

Thalang District,Phuket,Thailand

Trinity Village

from $797 896

Si Sunthon, Phuket, Thailand.

The demand for luxury real estate is also growing. Villas and penthouses in this region cost from 500 thousand to 2 million dollars, depending on the area and proximity to the sea.

It is worth noting that the South Phuket real estate market attracts not only locals but also foreign investors. There are certain restrictions for foreigners to buy real estate, but they have the opportunity to purchase condominiums in full ownership.

Overall, the South Phuket real estate market is an attractive investment destination given the steady growth in property values and increasing demand.

Types of real estate in South Phuket

Phuket Villas

South Phuket Villas - are the pinnacle of luxury and comfort. They offer spacious living areas, private pools and gardens, and magnificent sea views. The villas are ideal for those seeking privacy and exclusivity. The cost of a villa can range from $500,000 to several million dollars, depending on location, size and level of luxury.

Apartments in Phuket

South Phuket Apartments offer the conveniences of city life combined with a tropical climate. They are ideal for those looking for modern and comfortable accommodations. Apartments can vary in price depending on size and location, but average between $100,000 and $500,000.

EDGE CENTRAL PATTAYA

from $123,000

Central Pattaya, Pattaya, Thailand

ZENSIRI MIDTOWN VILLAS

from $490,000

Central Pattaya, Pattaya, Thailand

ARCADIA MILLENNIUM TOWER

from $82 036

Central Pattaya, Pattaya, Thailand

THE RIVIERA WONGAMAT

from $142 553

North Pattaya, Thailand

THE CORAL PATTAYA

from $65 300

North Pattaya, Thailand

ONCE PATTAYA

from $104 380

North Pattaya, Thailand

Townhouses in Phuket

Townhouses in South Phuket offer spacious and comfortable accommodations that are ideal for family vacations. They are usually located in quiet and safe neighborhoods, close to beaches and other attractions. The cost of a townhouse in Phuket can range from $200,000 to $600,000.

Phuket Condos

The condominiums in South Phuket are modern. residential complexesthat offer many amenities such as swimming pools, gyms, restaurants and shopping. Condominiums can range in price from $100,000 to $1 million, depending on the size, location and amenities offered.

Investment potential

The real estate market in the South Phuket offers a great investment potential. Premium villas and apartments, in particular, provide high yields and stable demand. The cost of such real estate starts from 300,000 USD, and depending on the location and size can reach several million.

In addition, investing in real estate in South Phuket offers opportunities for short-term rentals, which can bring significant income during the tourist season. The cost of renting a premium villa or apartment can range from $200 to $1,000 per day, depending on the size and location of the property.

What's more, real estate in Phuket is also an attractive option for long-term investments. The average cost per square meter in new projects in this region is around USD 2,000, and there has been a steady increase in real estate prices over the past five years.

Another advantage of investing in real estate in Phuket is the possibility of obtaining a residence permit. When purchasing real estate worth more than $500,000, investors can apply for a long-term visa.

Buying real estate in South Phuket

Buying property in Thailand can be a daunting task, especially for foreign investors. However, with the right preparation and knowledge of local legislation, the process can be simplified.

A guide to choosing and buying real estate

• Determine your budget and the type of property you want to buy. Your finances determine what type of property you can afford to buy. For example, if your budget is $200,000, you might consider buying a one or two bedroom apartment in a mid-range neighborhood. If your budget is $500,000 or more, you might consider buying a house or apartment in a high-end neighborhood.
• Research the real estate market and compare different offers. Look at the average prices for the type of property you want in different neighborhoods. For example, the price of a one-bedroom apartment in the city center may be between $300,000 and $400,000, while in the suburbs the price may be between $150,000 and $200,000.

• Contact a reliable real estate agent to guide you through the buying process. A real estate agent can take a commission of 1% to 3% of the property's value, which ranges from $2,000 to $6,000 for a $200,000 property. However, he or she will be able to help you find the most suitable property, negotiate with the seller and handle all the necessary paperwork.
• Consider additional costs. In addition to the value of the property, also consider property taxes, insurance, utilities, and the cost of home repairs or upgrades. These costs can amount to between 1% and 3% of the property value per year, which is between $2,000 and $6,000 per year for a $200,000 property.
• Don't forget to check real estate due diligence. This is an important step that can cost $500 to $1,000, but will help avoid future title problems.

Possible risks and how to minimize them

Like any investment project, buying real estate in South Phuket has its risks. However, with the right strategy and knowledge of the local market, these risks can be minimized.

Investing in real estate in South Phuket is a great opportunity for those looking for high returns and stability. The real estate market in this region continues to grow, offering a wide range of properties and great investment potential.

If you are interested in buying a property in South Phuket, do not hesitate to contact us. Our team of professionals will help you choose the perfect property that fits your needs and budget.