Phuket Villas and Houses For Sale Information Phuket has established itself as a global resort destination, offering a range of luxury houses, villas, condominiums and apartments for sale. For people who buy a villa in Phuket, their purchases are easily comparable to those offered in the Mediterranean and Caribbean, at a fraction of the price. Widely accepted as the pinnacle of the Asian resort market, the Phuket villa market has expanded since the 1990s in line with the growth in its tourism. The villa market in Phuket is well positioned with the island’s supporting infrastructure including world-class amenities and leisure facilities, and an international airport offering good accessibility. Many investors choose to invest in the Phuket villa for sale market as it offers a combination of Western luxury and an exotic tropical lifestyle. In recognizing the long-term potential of the Phuket property market, CBRE opened its Phuket office in 2004. The sales team of Thai and expatriate sales team and staff are experts in the Phuket villas, condo and apartment market. The CBRE team has some of the broadest market knowledge in the industry. With our experienced Phuket real estate agents, we are able to offer valuable insights (Phuket Villa Research) for buyers and investors interested in buying a Phuket Villa. Phuket Villa Listings Phuket Villa Special Offers Phuket Villa Types: Definitions A “villa” is a common term referring to landed properties, often a one or two-storey house for sale in Phuket built on a private ground. Most villas or houses for sale in Phuket are located within a resort or a gated development, with a limited number of standalone villas on the market. Most quality Phuket villa developments are offered for sale on a leasehold basis. In accordance with the Thai law, foreigners are prohibited from owning freehold land. Therefore, a series of renewable 30-year leases are granted. There are no restrictions on foreigners owning a building outright. In the case of Thai buyers, they can own the land and structure outright for developments that offer the freehold ownership option. Phuket villa types are broadly classified as follows: 1) Prime Location Phuket Villas: Prime location Phuket villas are luxury villas located in beachfront locations with panoramic sea views. Prices of these luxury villas for sale in Phuket usually start from USD 3 million for a 4-bedroom property. Standard features include a private pool, expansive indoor and outdoor living spaces, high-quality common facilities, and professional management. 2) Luxury Phuket Villas:  Prices of luxury villas for sale in phuket  typically start from USD 1 million and are primarily located in low-density developments offering a high level of privacy. Common characteristics of luxury Phuket villas and houses include prime locations, either on hillsides or in close proximity to the beach, with some offering sea views. These Phuket villas and houses for sale in Phuket offer a high standard of construction and finishing. Most luxury Phuket villas feature a private pool, high-quality common facilities, and professional property management. View our selection of our luxury Phuket villas for sale. 3) Semi-detached Houses & Townhouses: There are several developments offering semi-detached townhouses and houses for sale in Phuket, notably around the Laguna area. These developments are often located inland, mostly without sea views and in higher-density developments with smaller land plots. This type of property offers a good-quality of construction with a range of common facilities, usually at prices starting from approximately USD 500,000. 4) Branded Hotel Villas in Phuket: There has been an increasing number of Phuket villas for sale operated by four and five-star branded hotel operators. Some operators include The Point Yamu by Como, Banyan Tree, and Dusit Thani. These villa properties command a premium price as owners will benefit from the high management standards. To buy a branded hotel villa in Phuket, you would need to shell out at least approximately USD 750,000 for a four-star brand and from USD 2 million for a five-star branded villa. Browse our selection of branded hotel villas for sale in Phuket. Phuket Villa Locations There has been a diversification in locations being developed in Phuket. The west coast was the original development center where many luxury villas for sale in Phuket today are located, including Amanpuri. As prime beachfront west coast sites have been taken up, the once overlooked south and east coasts now see an increase in the number of exclusive developments including Cape Yamu and The Point Yamu by Como. Some developments extend beyond Phuket into Phang Nga, Krabi and the outlying islands in Phang Nga Bay, yet still cater to the same buyer market. (View Phuket Map) Enlarge map West Coast The stunning west coast beaches from Nai Thon down to Kata Noi are the center of Phuket's tourism and also offer the lion's share of the hotels and branded resorts. Initial developments were concentrated in Patong up until the opening of Laguna Phuket which shifted development focus to Bangtao and Surin areas, where many luxury villas for sale in Phuket are now located. East Coast With a limited number of prime beachfront sites available on the west of Phuket, the east coast, with its stunning views across Phang Nga Bay, is now seeing rapid development. The access to Phang Nga Bay has also motivated a number of marina property developments, namely the Yacht Haven, Royal Phuket Marina, Ao Por Grand Marina and the Boat Lagoon and several luxury villa projects, including Marina Living by Ao Po Grand Marina, The Cape Yamu, Baan Yamu, and The Point Yamu by Como. South CoastAlthough this area has a slower pace of development due to the distance from the Phuket International Airport and golf courses, the south of Phuket has not only good-quality beaches but also has a number of headlands with developments offering great sea views. The popularity of properties in Cape Panwa and Rawai has also increased. North CoastWith the shortage of west coast beachfront land, some property developers have moved up to the beaches on the northern end of the island. These villas and houses for sale in Phuket offer close proximity to Phuket International Airport. InlandThe most popular areas for development are those located a few meters from the shore with easy access to the beach and those with golf course views or situated near activity hubs such as Phuket Town. Inland properties are becoming increasingly attractive to buyers who want to buy a villa in Phuket but are constrained by a limited budget. Greater Phuket (Phang Nga, Krabi and Outlying Islands)Phang Nga is an attractive alternative to some of Phuket’s busy beaches. Located to the north of Phuket, Phang Nga offers an unspoilt coastline with proximity to the Phuket International Airport. The market is still largely undeveloped, but a number of developments are commencing.  Purchase Options for Phuket Villas for Sale 1) Resale Phuket Villas: Resale villas are previously owned properties offered for sale by individuals, as opposed to sales directly from the original developer. These properties can be under construction (off-plan) or completed. To date, Phuket has had a limited market for resale villas as most buyers tend to be long-term investors and occupiers of their villas upon completion. However, the Phuket property market for resale villas is a growing and maturing market. 2) Completed Phuket Villas: Completed villas for sale in Phuket have finished construction and are available for viewing. This type of villa purchase carries no development risk as the property is already constructed and buyers can also see the actual finishing and design quality, which is not possible for off-plan purchasers. 3) Off-plan Phuket Villas: Off-plan villas are villas sold whilst the projects are under planning or construction. It is important to buy from a reputable developer to minimise development risk in purchasing an off-plan villa. Most quality developments selling off-plan have show units available for viewing. Upon completion, there is often an appreciation potential for off-plan properties, as off-plan sales are usually offered at a discount. 4) Investment Villas: There are many developments positioned as investment properties. Investment properties have owners’ usage restrictions as the units are part of a compulsory rental program. The guaranteed returns when you buy a villa in Phuket vary from 5% to 8% for one to six years and an annual owners’ usage of 45 to 60 days, depending on each project. Investing in Phuket Most people discover Phuket as tourists, enjoying its outstanding white sandy beaches, unparalleled hospitality, tropical climate, great value for money, beautiful diving sites, and some of Asia’s best golf courses. Many then choose to invest in its property market, and buy a second or retirement home.With the number of villas for sale in Phuket, the island now has over 3,000 villa owners. For the past ten years, Phuket has offered property buyers a lifestyle investment with good potential for capital appreciation. Investors have experienced an average capital appreciation of 20% to 50% per annum for prime beachfront or sea view locations. However, some Phuket properties have seen the value of their asset rise by as much as 100% between the launch and completion. Lifestyle/ Leisure/ Infrastructure Phuket currently has over 150 hotels and resorts along with extensive sporting and leisure facilities. The island has a total of six golf courses including Blue Canyon Country Club, Laguna Phuket Golf Course, Mission Hills Phuket Golf Course, and four marinas providing a total of 655 marina berths. As the Phuket’s tourism and property market has matured, there is also an expanding choice of upmarket dining and entertainment venues.The island’s infrastructure is also well developed with an international airport, six major hospitals and three international schools. The development of Phuket’s infrastructure and extensive leisure facilities has complemented the growth of Phuket's real estate market over the years. Weather Phuket has a balmy tropical climate and a fairly consistent temperature all year round (25 to 35 degrees Celsius), with its best weather during the European winter. There are two distinct seasons in Phuket, the dry and green season. Phuket’s weather is at its best when the dry season starts in November through to January, while March and April are the hottest months. The green season runs from end of April to November when the rainfall is at its peak. Access To/From Phuket Phuket arrivals were approximately four million in 2022. Served by a total of 42 airlines (14 of these are chartered airlines), the Phuket International Airport offers flights to major destinations including Hong Kong, Singapore, Kuala Lumpur, Moscow, Seoul and numerous others. Phuket Property Purchase Guidelines Phuket Property Payment Terms Most properties in Phuket are sold off-plan or in a partially built state. Buyers will always be asked to pay a reservation fee. This secures the property which will then be taken off the open market. Then, it usually takes 30 days for legal work to be completed before the first payment is due on signing of the contract. Thereafter payments are usually split according to construction milestones. Here is an example: Signing of agreement: 20% Completion of villa footings or pilings: 20% Completion of columns, floor slabs and roof frames: 20% Completion of villa shell, including external doors and windows: 20% Substantial completion of the villa and upon of the transfer of the ownership: 20% Sinking Fund In a new villa or condominium project, each owner will pay an initial amount into a sinking fund on transfer of ownership of the property. This will be used for major renovations in the future and on repairs which are outside the operating budget. Common Area Management Costs In a villa or house for sale or condo development in Phuket, specifically appointed property managers such as CBRE, will normally be responsible for managing all aspects of the common areas. This service normally includes: 24-hour onsite security Maintenance and irrigation of all common area landscaping Cleaning and maintenance of all the communal areas Office management, staffing, ancillary costs, accounting, and insurance. Electricity and water supply in the common areas, Refuse collection and Pest control The property management company reports directly to the owner's committee on management issues and the project's financial status.  Read more about Phuket Property Management.