I’m planning to spend winters in Thailand and looking into buying a flat in Phuket. I don’t need anything huge, just something modern and easy to rent out when I’m away. Is now a good time to buy?
I bought in Kathu just a few months ago. The market for flats in Phuket is still very active, especially in popular zones like Patong, Kata, and Kamala. I paid about $95,000 for a 1-bedroom fully furnished unit in a newer building with pool and fitness centre. ******* freehold was available in that project, which made the deal even better. What surprised me was how easy it was to rent it out — with proper photos and listings on Airbnb or Booking, demand is strong. I also use a local agent for check-in/check-out. Expect 6–8% annual ROI if you manage it well. My advice: check the building's maintenance status and location — some places advertise “beach proximity” but are actually a 20-minute walk uphill. Location and view still matter a lot in Phuket.
I bought in Kathu just a few months ago. The market for flats in Phuket is still very active, especially in popular zones like Patong, Kata, and Kamala. I paid about $95,000 for a 1-bedroom fully furnished unit in a newer building with pool and fitness centre. ******* freehold was available in that project, which made the deal even better. What surprised me was how easy it was to rent it out — with proper photos and listings on Airbnb or Booking, demand is strong. I also use a local agent for check-in/check-out. Expect 6–8% annual ROI if you manage it well. My advice: check the building's maintenance status and location — some places advertise “beach proximity” but are actually a 20-minute walk uphill. Location and view still matter a lot in Phuket.