PUBLISHED: 6 Jan 2025 at 05:47
Phuket’s luxury real estate market is witnessing unprecedented growth, positioning itself as a leading trendsetter for 2025.
The rise started in 2022 and has continued to gain momentum, with no sign of a slowdown in sight.
Industry experts highlight that the upper-end property segment in Phuket remains exceptionally strong, with demand steadily increasing.
Approximately 60-70% of buyers are international, drawn from regions including Russia, Israel, and the Middle East, while 30-40% are local, consisting of Bangkok residents and expatriates living in Phuket.
The island’s tropical allure, high-quality lifestyle, and attractive investment potential are major factors driving this demand, particularly among foreign buyers.
Many buyers from Russia view Phuket as a safe and appealing refuge, providing both secure investments and a serene getaway amid global challenges.
Developers believe Phuket has the potential to rival elite luxury destinations like Miami and Dubai, owing to its unique value proposition and rich cultural experiences that captivate discerning investors.
Luxury properties predominantly stretch along Phuket’s west coast, where proximity to international schools, top-tier medical facilities, upscale shopping, and private marinas greatly enhances their desirability.
Phuket’s real estate market has consistently set new records, particularly in the villa segment, which stands out as a strong performer.
Investors are attracted to Phuket for diverse reasons. Young professionals seek modern, luxurious living spaces that also promise appealing rental returns.
Expat families are particularly drawn to the island’s safe, high-quality environment, complemented by essential services and amenities.
For affluent buyers, Phuket offers both a personal retreat and a valuable investment opportunity, ensuring stable returns in a vibrant market.
Prime areas like Bang Tao and Cherng Talay continue to be popular for their lively communities and seaside attractions.
Infrastructure advancements, such as the expansion of Phuket airport, proposals for a light rail system, and new marina projects, further strengthen the island’s long-term attractiveness for tourism and real estate investment.
The property market in Phuket is poised to emerge as one of Southeast Asia’s foremost destinations for affluent investors moving forward.
