Email

info@propertypartners.pro

TH: +66 (0) 91 821 5557

Compare Listings

Analysis and Trends: Overview of the Phuket Real Estate Market 2019

Analysis and Trends: Overview of the Phuket Real Estate Market 2019

Real Estate Pricing

It is almost a misnomer to refer to “The Phuket Real Estate Market” because it is not a homogeneous entity. It is divided (and even subdivided) into categories which collectively include a diverse array of buyers. This section aims to address some of the fundamentals which impact the cost of property in Phuket, with an emphasis on the prices being paid by foreigners.

 

The national statistics suggest that while the Thai property market has slowed slightly over the last two years, it made steady gains over the 10 years up until January 2016. The house price index stumbled until mid-way through 2017, then continued rising into the fourth quarter of 2018. At the time of writing, it is slightly off its recent highs.

Since the beginning of 2008, Thailand’s house price index is up 52.73%. (The impact of the current pullback has been only – 0.29%.) In simple terms, this represents a 4.79% rise in prices per year. If you are an investor who looks at capital appreciation in terms of a compound annual rate of return, it is a CARR of 3.87%.

 

THAILAND’S HOUSE PRICE INDEX

Analysis and Trends: Overview of the Phuket Real Estate Market 2019 2

Increased Tourism

Before going further, it is important to distinguish between the Phuket property market, and the market in Thailand as a whole (even in Bangkok specifically). Bangkok is the capital city of Thailand, and also the major population centre for the country. With a total population of over 16 million, Greater Bangkok is home to nearly one quarter of the total population of Thailand. Because there are more people concentrated there than anywhere else in the country, the property market tends to move with the economy.

 

via@thairesidential

Continue Reading

img

Sivana Dee

Whether you are a first time buyer or looking to expand your investment portfolio, we are here to service your every need. Allow LS-Invest.ASIA to assist you in creating your new “LifeStyle”. The right time is now to look no further than LS-Invest.ASIA Based in Phuket, our mission is to introduce a fresh outlook on luxury property investment in Thailand with a uniquely international perspective

Related posts

Super-Premium Property Market In Strong Health – Six Senses Residences The Forestias Snapped Up With 78% Sold

Combination Of Global Brand Concept With Premium Location Pushes Sales Over Bht 4,700...

Continue reading about Super-Premium Property Market In Strong Health – Six Senses Residences The Forestias Snapped Up With 78% Sold
Sivana Dee
by Sivana Dee

Active Industrial & Logistics Market, Rental Rates Increased

Investor Sentiment Around The Thai Industrial Market Is Rebounding After The COVID-19 Pandemic,...

Continue reading about Active Industrial & Logistics Market, Rental Rates Increased
Sivana Dee
by Sivana Dee

Thai Property Market Goes Green As More Developers Go For Solar Roofs

With Surging Crude Oil Prices Pushing Up Power Bills, Several Key Property Developers Have Started...

Continue reading about Thai Property Market Goes Green As More Developers Go For Solar Roofs
Sivana Dee
by Sivana Dee

Join The Discussion

×

Hello,

thank you for visiting Pro Property Partners! My name is Sanne, how may I help you today?

× How can I help you?