The demand for resort condominiums in the Phuket market is driven by their attractiveness as investment opportunities. Some foreign buyers purchase properties at the pre-construction stage and later resell them after completion, earning profits of around 20–30%. Other international investors retain their properties for personal vacation use while renting them out on a short-term basis for additional income.
According to consulting firm C9 Hotelworks, the total value of branded resort residences in Phuket reached a record-breaking $2.3 billion in 2024, making the market the largest in the world with strong growth trends continuing.
Why is investing in Phuket real estate so popular right now?
1. High Rental Yield
Phuket attracts millions of tourists every year, creating consistent demand for rental properties. Investors can expect stable income from both short-term and long-term rentals:
Rental programs allow property owners to delegate full management to professional teams. These teams handle tenant searches, property maintenance, and legal matters, ensuring a worry-free investment experience.
2. Capital Appreciation
Phuket's real estate market shows steady growth, driven by global trends in luxury housing. This means property owners can anticipate a significant increase in the value of their investments over the years:
The annual appreciation rate for premium properties in Phuket averages 4–5%.
Investors can profitably sell their apartments after project completion or hold them for a few years to benefit from rising prices.
According to the Global Property Report, the average rental yield in Thailand is expected to reach 6.27% annually by mid-2024, surpassing the 5.79% recorded at the end of 2023.
3. Attractive Tax Policies
Thailand offers relatively low property taxes, making investments even more profitable. Additionally, there is no capital gains tax on property sales, allowing investors to maximize their earnings.
Other Key Factors Driving Phuket's Real Estate Market
Tropical Climate: Phuket’s warm and sunny weather makes it a year-round destination for tourists and residents.
Simplified Visa Regulations: Thailand offers favorable visa options for various groups, including retirees and students.
Global Political Climate: Uncertainty in global politics drives foreign investors to seek safe and stable locations.
Low Crime Rates: Phuket maintains a reputation for safety and security, attracting families and long-term residents.
Friendly Locals: The welcoming and hospitable attitude of the Thai people towards foreigners creates an inviting environment for expatriates.
Growing Demand for Permanent Residency
Phuket is becoming a hub for international families. As evidence of this, 13 international schools are currently operating on the island, with 5 new schools opening in 2023 alone. This reflects the increasing demand for local real estate among foreigners, as many are choosing to relocate to Phuket for permanent living.
With its strong market fundamentals, Phuket stands out as one of the most attractive destinations for real estate investment, offering investors a unique blend of financial returns, lifestyle benefits, and long-term stability.
Property Management Program
Next Point Condominium offers comprehensive property management services for its investors:
Professional Property Management Company: We collaborate with international networks such as Radisson and Marriott (currently in negotiations) to ensure a stable flow of tenants.
Full Support: The management company handles all aspects — from cleaning and maintenance to tenant relations and financial reporting for owners.
Transparent Reporting System: Owners receive regular updates on the condition of their properties and rental income through a personal account in the property management system.