Answers to the most important questions about buying property in Phuket.
Yes, with certain restrictions. Foreigners can purchase condominiums in their own name (Freehold), provided the foreign share in the building does not exceed 49%. Villas and houses are typically purchased through a leasehold model (30-year lease with renewal option). Which structure suits you is best clarified with an independent local lawyer.
Freehold means full ownership of the property. In Thailand, this is generally only possible for foreigners with condominiums, provided the foreign ownership quota is not exceeded.
In addition to the purchase price, budget for: transfer fee (approx. 2%), stamp duty (0.5%), possible withholding tax, and legal fees. Exact terms depend on the project and contract type.
The process usually begins with a reservation (deposit). After legal review of the contract, signing and step-by-step payment follow. The final ownership transfer is registered at the Land Office.
That depends on your goals. For investors, locations like Cherng Talay (incl. Bang Tao, Layan), Kamala, and Cape Yamu are popular. For owner-occupiers, proximity to the beach, infrastructure, and lifestyle matter more.
Phuket offers stable demand driven by tourism, limited coastal land, and growing infrastructure. Rental yields in the villa and condo segments are attractive, but a realistic assessment is essential.
The market is active, with strong demand in the villa segment and growing supply of new developments. Prices vary significantly by location, build quality, and project phase.
I live in Phuket and share my insider view of the island and its properties: handpicked properties, honest insights into life here and a first orientation. If you have concrete plans, I introduce you to Ocean Worldwide, Phuket's luxury property specialists since 2004.
No. I don't sell property and I'm not an agency. I share my personal insider view and connect you with Ocean Worldwide, who guide you professionally through the purchase.
No, a first conversation with me is free and without obligation. My compensation comes through partner projects.
Simply via WhatsApp, email or video call. You tell me what you're looking for, your goals and your budget. I share my experience of living here, honestly and without sales pressure, and introduce you to Ocean Worldwide if needed.
That depends on your individual situation (residency, double taxation agreements, type of use). Please check this with a tax advisor.
In principle, yes, many steps can be handled remotely. For certain procedures (e.g. viewings, contract signing), a visit on site is recommended.
Usually in Thai Baht (THB). For freehold purchases, proof is required that funds were transferred from abroad (Foreign Exchange Transaction Form). It's best to clarify the details early with a local lawyer.