Authored by the expert who managed and guided the team behind the Thailand Property Pack
Yes, the analysis of Phuket's property market is included in our pack
If you're a foreigner thinking about buying a condo in Phuket, you're probably wondering how much it actually costs and what hidden expenses might catch you off guard.
This guide breaks down real prices, transaction costs, neighborhood options, and the honest challenges expats face when purchasing property on the island.
We constantly update this blog post to reflect the latest market data and regulatory changes in the Phuket condo market.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Phuket.
Fact-checked and reviewed by our local expert
Attaya Suriyawonghae 🇹🇭
Real Estate Broker, Zest Real Estate
How much does a condo actually cost in Phuket?
What is the average price per square meter for a condo in Phuket in 2026?
As of early 2026, the average price per square meter for a condo in Phuket sits around 150,000 THB (approximately 4,300 USD or 3,950 EUR), which represents a solid mid-market benchmark for what foreigners typically encounter when shopping for a normal, well-maintained unit.
That said, the realistic price range in Phuket spans quite widely, from around 70,000 THB per sqm (2,000 USD / 1,850 EUR) for older resale units in inland areas like Kathu or Wichit, up to 350,000 THB per sqm (10,000 USD / 9,200 EUR) for luxury branded beachfront condos in premium zones like Surin or Bang Tao.
How much does a one-bedroom, a two-bedroom and a three-bedroom condo cost in Phuket in 2026?
As of early 2026, a typical one-bedroom condo in Phuket (around 35 sqm) costs approximately 5.3 million THB (151,000 USD / 139,000 EUR), though prices can drop to 3 million THB in value areas or climb past 10 million THB in prime beach locations like Kamala or Bang Tao.
Moving up in size, a two-bedroom condo in Phuket (around 55 sqm) generally falls in the range of 8.3 million THB (237,000 USD / 218,000 EUR), with resale options in less central areas available from around 5.5 million THB and newer builds in lifestyle zones reaching 15 million THB or more.
Three-bedroom condos are less common in Phuket's market, but when available they typically start around 12 million THB (343,000 USD / 316,000 EUR) for standard options and can exceed 25 million THB in branded or beachfront developments where larger family-sized units are offered.
By the way, you will find much more detailed price ranges across surfaces and neighborhoods in our Phuket property pack.
What is the cheapest condo a foreigner can buy in Phuket in 2026?
As of early 2026, the cheapest condos available to foreigners in Phuket start around 1.8 to 2.5 million THB (51,000 to 71,000 USD / 47,000 to 66,000 EUR), assuming the unit falls within the building's 49% foreign ownership quota.
These budget-friendly options are typically compact studios or small one-bedrooms (25 to 30 sqm) located in more local-oriented areas like Phuket Town, Kathu, Wichit, or inland parts of Chalong, rather than anywhere near the popular beaches.
The main trade-offs at this price point in Phuket include older building condition, limited facilities, potentially weaker rental demand, and sometimes challenging resale prospects since the buyer pool for ultra-budget foreign-quota units is smaller.
How much does a luxury condo cost in Phuket in 2026?
As of early 2026, luxury condos in Phuket typically start around 9 million THB (257,000 USD / 237,000 EUR) for a well-appointed one-bedroom, with prices per square meter ranging from 220,000 to 350,000 THB depending on brand, location, and sea views.
What defines luxury in Phuket usually includes branded hotel affiliations (like Banyan Tree or Rosewood residences), direct beach access or unobstructed ocean views, high-end concierge services, infinity pools, private gyms, and premium interior finishes that go well beyond standard developer specs.
The neighborhoods known for luxury condo inventory in Phuket are Bang Tao and the Laguna area, Surin Beach, Kamala, and select ocean-view developments in Rawai and Nai Harn, where developers cater specifically to high-net-worth foreign buyers seeking resort-style living.
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What is the usual price difference between new-build and resale condos in Phuket in 2026?
As of early 2026, new-build condos in Phuket carry approximately a 40% price premium over resale units, which translates to roughly 139,000 THB per sqm (3,970 USD / 3,660 EUR) for new builds versus 100,000 THB per sqm (2,860 USD / 2,630 EUR) for secondary market properties.
One important factor that can significantly widen this gap in Phuket is whether the new project is branded or located in a high-demand lifestyle zone like Cherngtalay, where premiums can push well above 40%, while conversely the gap narrows for projects in less sought-after locations competing against well-maintained resale stock nearby.
Are condo prices rising or falling in Phuket in 2026?
As of early 2026, condo prices in Phuket are gently rising with an estimated annual increase of 3 to 5%, though the market is described as "selective" with growth concentrated in desirable locations rather than spread evenly across the island.
The main factor driving Phuket condo prices upward is sustained foreign demand for lifestyle properties in premium beach areas, combined with limited beachfront land for new development, even as large active supply creates competitive pressure in mid-tier segments.
This price trend varies significantly across Phuket neighborhoods, with prime zones like Bang Tao, Surin, and Kamala seeing stronger appreciation while inland areas and buildings with heavy resale inventory experience flatter or more negotiable pricing.
You can also read our latest update about property price forecasts in Phuket.
What has been the 5-year condo price trend in Phuket in 2026?
As of early 2026, Phuket condo prices have increased by an estimated 15 to 25% over the past five years, though this growth was interrupted by a significant dip during 2020-2021 when tourism collapsed and then rebounded strongly from 2022 onward.
The peak period for condo price growth during this five-year span in Phuket occurred between late 2022 and mid-2024, when pent-up foreign demand returned aggressively after Thailand fully reopened to international visitors and remote workers discovered the island as a base.
Please note that you will find much more detailed price analyses and forecasts in our property pack covering the real estate market in Phuket.
We made this infographic to show you how property prices in Thailand compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What extra costs should I expect when buying a condo in Phuket?
What are the total transaction costs when buying a condo in Phuket in 2026?
As of early 2026, total transaction costs when buying a condo in Phuket typically range from 2.5% to 4.5% of the purchase price for the buyer's share, depending on how fees are negotiated with the seller and whether you're buying from a developer or on the resale market.
These transaction costs in Phuket break down into several categories: transfer fees (officially 2% of appraised value, often split), stamp duty or specific business tax (depending on seller circumstances), withholding tax (usually seller-side), legal and due diligence fees, and documentation costs for international fund transfers.
The largest single expense for most foreign condo buyers in Phuket is typically their share of the transfer fee, which even when split 50/50 with the seller can represent 1% of the property value, plus the sinking fund payment on new builds which can add another 17,500 to 35,000 THB for a typical unit.
If you want to go into more details, we also have a blog article detailing all the property taxes and fees in Phuket.
What hidden fees do condo buyers often overlook in Phuket?
The most commonly overlooked fee for condo buyers in Phuket is the one-time sinking fund payment, which typically runs 500 to 1,000 THB per sqm (adding 17,500 to 35,000 THB or 500 to 1,000 USD for a 35 sqm unit) and is collected at or near handover on new builds.
Other hidden fees that frequently surprise first-time buyers in Phuket include advance payment of common area fees (many buildings require a full year upfront at 40 to 80 THB per sqm monthly), furniture packages on new builds that aren't included in the headline price, and foreign exchange or bank documentation fees when transferring purchase funds into Thailand.
Most of these hidden fees in Phuket become due at the handover or transfer stage, meaning buyers who budget only for the purchase price and standard transaction costs can face an unexpected cash requirement of 50,000 to 150,000 THB (1,400 to 4,300 USD) right when they're finalizing ownership.
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Which neighborhoods are best for buying a condo in Phuket?
What are the most popular neighborhoods for foreign condo buyers in Phuket in 2026?
As of early 2026, the top three most popular neighborhoods for foreign condo buyers in Phuket are Cherngtalay/Bang Tao (including the Laguna area), Kamala, and Rawai/Nai Harn, each offering a distinct lifestyle appeal that draws international purchasers.
What makes these Phuket neighborhoods particularly attractive to foreigners is not just beach proximity but the concentration of international restaurants, wellness facilities, co-working spaces, and an established expat community that makes daily life comfortable without speaking Thai, plus Cherngtalay's emergence as a true "lifestyle hub" with year-round activity beyond just tourism season.
Typical condo prices in these popular foreigner-friendly Phuket neighborhoods range from 5 million to 12 million THB (143,000 to 343,000 USD / 132,000 to 316,000 EUR) for a standard one or two-bedroom unit, with branded or beachfront properties commanding significantly higher prices up to 20 million THB or more.
By the way, we've written a blog article detailing what are the current best areas to invest in property in Phuket.
Which areas have the cheapest condos in Phuket in 2026?
As of early 2026, the three areas with the cheapest condos in Phuket are Phuket Town (the island's urban center), Kathu (located between town and Patong), and Wichit (a local residential district), all of which sit inland away from the premium beach zones.
Typical condo prices in these budget-friendly Phuket areas range from 1.8 million to 4 million THB (51,000 to 114,000 USD / 47,000 to 105,000 EUR), with per-square-meter costs often running 30 to 40% below the island average due to less tourist appeal and older building stock.
Which neighborhoods have the best rental demand for condos in Phuket in 2026?
As of early 2026, the top three neighborhoods with the best rental demand for condos in Phuket are Cherngtalay/Bang Tao, Rawai, and Patong, each serving different tenant profiles from long-stay expats to short-term tourists.
Typical rental yields for condos in these high-demand Phuket neighborhoods range from 5% to 8% gross annually, with well-managed units in Cherngtalay often achieving the higher end due to consistent year-round demand from digital nomads and families, while Patong yields fluctuate more with seasonal tourism patterns.
The main factor driving rental demand in these Phuket neighborhoods is the concentration of amenities and services that let tenants live comfortably without a car or extensive local knowledge, combined with Cherngtalay's status as a year-round lifestyle destination rather than purely a vacation spot.
You can also read our detailed analysis about the rental yields for condos in Phuket.
What neighborhoods should I avoid when buying a condo in Phuket in 2026?
As of early 2026, rather than specific neighborhoods to avoid entirely, Phuket condo buyers should be cautious about buildings in areas with heavy competing supply (like some oversaturated zones near Patong's fringes), projects relying on daily rental income in legally gray areas, and any development on steep hillsides or flood-prone pockets without proper drainage infrastructure.
The main reason these situations are considered risky in Phuket is that oversupply creates fierce price competition when you try to resell, daily rental restrictions can eliminate your income assumptions overnight, and tropical climate issues like humidity damage or flooding become expensive maintenance problems that weak building management cannot handle.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Thailand versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
What is the condo buying process like in Phuket?
What are the steps to buying a condo as a foreigner in Phuket?
The condo buying process for foreigners in Phuket involves approximately seven main steps, from initial property selection through to post-transfer setup, with the entire sequence designed around Thailand's foreign ownership rules.
The key steps are: first verifying foreign quota availability in your chosen building, paying a reservation deposit (typically 50,000 to 200,000 THB), conducting legal due diligence on the title and building, signing the Sale and Purchase Agreement, transferring funds correctly from abroad in foreign currency with proper documentation, completing the ownership transfer at the Land Office, and finally registering with the building's juristic person and setting up utilities.
The step that typically takes the longest or causes the most delays in Phuket is the international funds transfer and documentation process, because Thai Land Offices require proof that purchase money came from abroad in foreign currency, and banks can be slow or particular about issuing the correct Foreign Exchange Transaction Form.
Before starting, foreign buyers in Phuket should prepare their passport, proof of funds, bank statements showing the source of funds, and ideally establish a relationship with a Thai lawyer who can review contracts and verify that the unit falls within the building's 49% foreign ownership quota.
You can also read our blog article about what foreigners can buy and own in Phuket.
How long does it take to complete a condo purchase in Phuket?
The typical timeframe to complete a resale condo purchase in Phuket is 30 to 60 days from accepted offer to ownership transfer, though cash buyers with clean documentation can sometimes close faster, while new-build purchases depend entirely on construction completion timing.
Factors that can significantly speed up the process in Phuket include having funds already in Thailand, using an experienced property lawyer familiar with the local Land Office, and choosing a unit with clear title and no outstanding juristic person issues, while delays commonly arise from international bank transfer complications, incomplete seller documentation, or discovering foreign quota problems late in due diligence.
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What are the ongoing costs of owning a condo in Phuket?
What are the typical recurring monthly condo costs in Phuket in 2026?
As of early 2026, total typical monthly costs for owning a one-bedroom condo in Phuket (including maintenance fees and utilities) run approximately 5,000 to 8,500 THB (143 to 243 USD / 132 to 224 EUR), while a two-bedroom unit typically costs 7,500 to 13,000 THB monthly to maintain.
Monthly common area or maintenance fees (CAM fees) in Phuket typically range from 40 to 80 THB per square meter, which translates to roughly 1,400 to 2,800 THB (40 to 80 USD / 37 to 74 EUR) per month for a 35 sqm one-bedroom and 2,200 to 4,400 THB for a 55 sqm two-bedroom.
Unlike CAM fees, the sinking fund in Phuket is usually collected as a one-time payment at purchase (500 to 1,000 THB per sqm) rather than monthly, though some buildings may levy occasional special assessments for major repairs.
Monthly utility costs for a standard Phuket condo run approximately 3,000 to 6,000 THB (86 to 171 USD / 79 to 158 EUR), breaking down to electricity at 2,500 to 5,000 THB (air conditioning drives most of this), water at 200 to 600 THB, and internet at 700 to 1,200 THB.
What are the typical annual condo ownership costs in Phuket in 2026?
As of early 2026, total typical annual ownership costs for a Phuket condo (property tax plus insurance) run approximately 5,000 to 16,000 THB (143 to 457 USD / 132 to 421 EUR) for a standard mid-market unit, though this excludes monthly recurring costs covered above.
Annual property tax in Phuket under the Land and Buildings Tax Act is relatively modest for most condo owners, typically ranging from 2,000 to 8,000 THB (57 to 229 USD / 53 to 211 EUR) depending on the unit's appraised value and whether it's owner-occupied or held as an investment property.
Annual condo insurance in Phuket (contents and personal liability coverage, since building insurance is usually handled at the juristic level) typically costs 3,000 to 8,000 THB (86 to 229 USD / 79 to 211 EUR) depending on coverage limits and the value of your belongings.
One other significant annual cost Phuket condo owners should budget for is potential special assessments from the juristic person for major repairs or upgrades, plus any professional property management fees if you're renting the unit out and need someone to handle tenant relations.
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Thailand. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
What do expats and locals really say about buying condos in Phuket?
Do most expats regret or recommend buying a condo in Phuket in 2026?
As of early 2026, most long-stay expats in Phuket recommend buying a condo if the purchase was made with realistic expectations about it being a lifestyle base rather than a quick-flip investment, and if they chose a building with competent juristic management.
The most common reason expats give for recommending Phuket condo ownership is the combination of relatively affordable tropical beachside living with freehold foreign ownership rights, something that's difficult to find elsewhere in Southeast Asia where foreigners often face leasehold-only restrictions or complex company structures.
The most common reason expats give for regretting their Phuket condo purchase is discovering that resale takes much longer than expected because they bought in a building with heavy competing inventory or weak differentiation, leaving them stuck in a unit that doesn't fit their changed circumstances.
What unexpected challenges do foreign condo owners face in Phuket?
The most common unexpected challenge foreign condo owners face in Phuket is discovering that the 49% foreign ownership quota constrains not just their initial purchase but also their eventual resale, since they can only sell to another foreigner if quota space remains available in the building.
Other unexpected challenges that frequently surprise foreign owners in Phuket include the reality that resale competition keeps growing as more projects enter the secondary market, the ongoing maintenance demands of tropical island living (humidity, salt air, intense UV) that require attentive building management, and the legal restrictions on daily rentals that can undermine income projections for those who bought assuming easy Airbnb returns.
Finally, please note that we have made a list of potential risks, scams and pitfalls when buying a new property in Phuket.
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What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Phuket, we always rely on the strongest methodology we can … and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why we trust it | How we used it |
|---|---|---|
| Bank of Thailand (BOT) | Thailand's central bank publishes official housing price indices. | We used BOT data to confirm Phuket prices are trending upward into late 2025. We also used it to sanity-check the Southern region's price movements. |
| C9 Hotelworks | Long-running Thailand hospitality and property research firm widely cited in Phuket coverage. | We used C9 as our core Phuket pricing dataset including median THB/sqm, new-vs-resale gaps, and rental demand zones. We adjusted their April 2025 figures to January 2026 using other signals. |
| Provincial Electricity Authority (PEA) | Official provincial power utility covering Phuket with regulated tariff data. | We used PEA tariffs to ground our electricity cost estimates in real early 2026 rates. We then converted those rates into practical monthly bill ranges for typical condo usage. |
| Provincial Waterworks Authority (PWA) | Official water utility publishing Phuket-specific tariff tables. | We used PWA tables to avoid guessing on water costs. We translated the official tariffs into typical monthly ranges for one and two-bedroom condos. |
| Thailand.go.th | Official Thai government portal written for foreigners. | We used this source to confirm the foreign condo ownership framework and 49% quota concept. We also referenced it for the recurring property tax discussion. |
| Revenue Department (SBT) | Thailand's tax authority provides official guidance in English. | We used Revenue Department guidance to explain Specific Business Tax as a real transaction cost category. We applied standard property transfer practice to our cost breakdown. |
| Revenue Department (Stamp Duty) | Official Revenue Department explanation of stamp duty under the Revenue Code. | We used this to justify stamp duty inclusion in transfer scenarios. We translated the official rules into what buyers actually see at the Land Office. |
| Fiscal Policy Office (FPO) | Government-hosted copy of the governing Land and Buildings Tax Act. | We used this to anchor our annual property tax section in actual legislation. We expressed the tax impact in plain terms for typical condo owners. |
| Colliers Thailand | Major international real estate consultancy with transparent research practice. | We used Colliers to cross-check supply, demand, and buyer segment behavior around the 2024-2025 cycle. We kept our January 2026 outlook consistent with their absorption analysis. |
| CBRE Thailand | Top-tier global brokerage and research firm actively tracking Phuket. | We used CBRE's scope page to confirm what variables matter in Phuket analysis. We triangulated their coverage areas against other sources without relying on paywalled data. |
| Reuters | Top-tier global newsroom with strong sourcing standards. | We used Reuters to frame Thailand-wide credit conditions and LTV rule changes. We explained what these policy shifts mean for negotiating power in Phuket. |
| Nation Thailand | Mainstream national outlet reporting specific regulated tariff changes. | We used Nation Thailand to cross-check early 2026 electricity rate headlines. We kept our utility estimates consistent with that tariff context. |
| Bangkok Post | Long-established national newspaper citing regulator processes directly. | We used Bangkok Post to understand how tariffs are set and why they change around early 2026. We avoided locking utilities to a single number as a result. |
| AustCham Thailand / Knight Frank | Business chamber site summarizing a major consultancy's published outlook. | We used this as a cross-check on Thailand-wide condo supply pressure. We tailored that logic to Phuket's condo-heavy pipeline. |
We have made this infographic to give you a quick and clear snapshot of the property market in Thailand. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.