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PHUKET’S REAL ESTATE MARKET: A SURGE IN DEMAND AND OPPORTUNITIES

In 2023, Phuket’s real estate market experienced remarkable growth, fueled by both local and international investors. Known for its breathtaking landscapes, vibrant culture, and thriving tourism industry, Phuket has solidified its position as one of Thailand’s top destinations for property investment. The island’s allure is not only aesthetic but also practical, offering financial returns through…

KEY TRENDS SHAPING PHUKET’S REAL ESTATE MARKET IN 2025

As 2025 approaches, Phuket’s real estate market is undergoing significant changes, reflecting shifts in buyer preferences and market dynamics. Long known as a magnet for tourists and investors, the island is adapting to emerging trends that promise to reshape its property landscape. Here’s a glimpse of what to expect in Phuket’s evolving market. 1. Growing…

THAILAND TO EXTEND DURATION OF FOREIGN LAND LEASES AND CONDO OWNERSHIP

The Thai administration has instructed the Ministry of Interior to amend laws to extend foreign land leases to 99 years and increase foreign condominium ownership to 75%. Prime Minister Srettha Thavisin stated that this policy aims to stimulate the economy, rather than favour foreigners or major investors. Key Points: Economic Stimulus Strategy: The Ministry of…

REAL ESTATE DEMAND IN PHUKET REMAINS ROBUST IN 2024

At the seminar titled “Investment Opportunities in Phuket Real Estate – Latest Market Trends” on June 14 at the Novotel Phuket City Phokeethra Hotel, Sopon Pornchokchai from the Thai Real Estate Research and Valuation Centre, part of the Agency for Real Estate Affairs Co., Ltd. (AREA), expressed concerns over the diminishing availability of land in…