Best areas to buy property in Phuket

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There are many different types of properties to choose from in Phuket.

Popular places include Patong and Cherng Talay, however no matter where you are looking for your investment property the different styles, views local amenities will all play a part in your decision making. Price maybe the key as to the area of Phuket you wish to lay down roots

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 Phuket Tourism Association Phuket welcomed 14.4m passenger arrivals in 2018 and expecting a rise of 7-8% in 2019, however those numbers will be much lower in 2020 due to the Covid-19 outbreak.

Historically most areas do see an increase in inquiries during the traditional high season (December-February). Some locations may have 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, however again the climate has changed in Phuket at present and until the ravel ban is lifted then interest in property maybe slow.

That being said, 2020 maybe a good time to look at that investment. With the economy in Asia unsettled with the coronavirus, there could be many bargains to be had in property for the next 12 months as sellers want to cash in on their assets.

We took a look at Siam Real Estate to get a feel for the average prices toy can expect to pay for buying a property on Phuket.

Patong

Property type: 1-bedroom condo

Average price: THB4-5 million

Karon

Property type: 1-bedroom condo

Average price: THB5-6 million

Kata

Property type: 1-bedroom condo

Average price: THB4-5 million

Kamala

Property type: 1-bedroom condo

Average price: THB3.6-5 million

Cherng Talay

Property type: 1-bedroom condo

Average price: THB4-5 million

Rawai

Property type: 3-bedroom house/villa

Average price: THB7-12 million

Nai Harn

Property type: 3-bedroom house/villa

Average price: THB9-14 million

Bang Tao

Property type: 3-bedroom house/villa

Average price: THB11-20 million

Laguna

Property type: 4-bedroom house/villa

Average price: THB9.5 -17 million

Layan

Property type: 3-bedroom house/villa

Average price: THB20-40 million

Surin

Property type: 1-bedroom condo

Average price: THB3-6m