What are the price trends and forecasts in Phuket right now? (2026)

Phuket property prices have been on a steady climb, and understanding where the market stands today can help you make smarter decisions.

This guide breaks down current housing prices in Phuket, recent trends, and what the future holds for buyers and investors.

We constantly update this blog post to reflect the latest data and market shifts.

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

Attaya is a certified Thai Real Estate Broker who knows the Phuket market inside and out. With years of experience, she can guide you through the intricacies of the island's vibrant real estate scene, whether you're seeking a luxurious beachfront villa or a high-growth investment opportunity. After speaking with her, we reviewed the blog post, corrected a few points, expanded on others, and added her personal experience.

Who is the author of this content?

BAMBOOROUTES

A team specialized in real estate investing in APAC countries (Japan, Thailand, Indonesia, Australia, etc.).

We are a team of financial experts, legal professionals, developers, and local real estate specialists dedicated to helping people like you avoid mistakes when investing in real estate in a foreign place, particularly in Phuket. If you’d like to learn more about us, you can check our presentation page.

What are the current property price trends in Phuket as of 2026?

What is the average house price in Phuket as of 2026?

As of early 2026, the average property purchase price in Phuket across condos, villas, houses, and townhouses sits at approximately 8.5 million THB, which is around 240,000 USD or 230,000 EUR.

When you look at price per square meter, the blended average across all Phuket property types is about 125,000 THB per square meter, roughly 3,500 USD or 3,350 EUR per square meter.

If you're wondering what most buyers actually pay, the realistic price range covering roughly 80% of Phuket property purchases falls between 4 million THB and 25 million THB, or about 115,000 USD to 700,000 USD and 110,000 EUR to 670,000 EUR.

How much have property prices increased in Phuket over the past 12 months?

Property prices in Phuket rose by approximately 6% overall during 2025, though this figure varies considerably depending on what type of home you're looking at.

The realistic range of price increases across different Phuket property types goes from about 3% to 5% for condos, 7% to 10% for villas and landed homes, and 4% to 7% for townhouses and detached houses.

The single biggest factor behind these price gains in Phuket has been strong tourism recovery combined with sustained foreign buyer demand, particularly from long-stay residents and lifestyle investors seeking rental income.

Which neighborhoods have the fastest rising property prices in Phuket as of 2026?

As of early 2026, the top three neighborhoods with the fastest rising property prices in Phuket are Cherng Talay and Bang Tao on the northwest coast, Rawai and Nai Harn in the south, and Kamala along the west coast.

Annual price growth for Cherng Talay and Bang Tao is running at 8% to 12%, Rawai and Nai Harn at 7% to 10%, and Kamala at 6% to 9%, with sea-view properties often exceeding these averages.

These Phuket neighborhoods are seeing the fastest appreciation because they combine year-round lifestyle appeal, strong rental demand from long-stay visitors, and limited new land supply in premium locations near beaches.

By the way, you will find much more detailed price ranges across neighborhoods in our property pack covering the real estate market in Phuket.

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.

Which property types are increasing faster in value in Phuket as of 2026?

As of early 2026, the ranking of Phuket property types by value appreciation is villas first at 7% to 10% annually, followed by branded residences at 8% to 12%, then townhouses at 4% to 7%, and finally standard condos at 3% to 5%.

The top-performing property type in Phuket right now is the pool villa, especially three to four bedroom family-sized units in prime locations, which are appreciating at roughly 8% to 10% per year.

Villas are outperforming other Phuket property types because they offer the privacy and lifestyle that long-stay foreign buyers want, they generate strong rental yields, and there simply is not much new coastal land available to build more of them.

Finally, if you're interested in a specific property type, you will find our latest analyses here:

• How much should you pay for a house in Phuket?
• How much should you pay for an apartment in Phuket?
• How much should you pay for a villa in Phuket?
• How much should you pay for a condo in Phuket?
• How much should you pay for lands in Phuket?

What is driving property prices up or down in Phuket as of 2026?

As of early 2026, the top three factors driving Phuket property prices are tourism recovery and expanding airlift capacity, strong foreign buyer demand especially from Russians and Chinese, and the widening price premium for branded and well-located properties.

The single factor with the strongest upward pressure on Phuket property values is tourism intensity, because when visitor numbers rise and hotel occupancy stays firm, rental yields improve and more people want to buy lifestyle properties on the island.

If you want to understand these factors at a deeper level, you can read our latest property market analysis about Phuket here.

What is the property price forecast for Phuket in 2026?

How much are property prices expected to increase in Phuket in 2026?

As of early 2026, property prices in Phuket are expected to increase by 5% to 10% overall during the year, with villas leading at the higher end of that range and condos at the lower end.

The realistic range of forecasts from different analysts for Phuket property price growth in 2026 spans from a conservative 3% to an optimistic 10%, depending on assumptions about tourism strength and new supply levels.

The main assumption underlying most Phuket price increase forecasts is that international tourism will continue growing and that foreign buyer demand will remain robust, particularly from Asia and Europe.

We go deeper and try to understand how solid are these forecasts in our pack covering the property market in Phuket.

Which neighborhoods will see the highest price growth in Phuket in 2026?

As of early 2026, the neighborhoods expected to see the highest price growth in Phuket are Bang Tao and Cherng Talay, Rawai and Nai Harn, and Kamala, all of which combine strong rental demand with limited new supply.

Projected price growth for these top Phuket neighborhoods ranges from 8% to 12% in Bang Tao and Cherng Talay, 7% to 10% in Rawai and Nai Harn, and 6% to 9% in Kamala during 2026.

The primary catalyst driving expected growth in these areas is their established reputation as lifestyle hubs with international schools, restaurants, and beach clubs that attract long-stay residents and high-spending tourists.

One emerging Phuket neighborhood that could surprise with higher-than-expected growth is Mai Khao in the north, which sits close to the airport and will benefit directly from the 6 billion baht terminal expansion starting in 2026.

By the way, we've written a blog article detailing what are the current best areas to invest in property in Phuket.

What property types will appreciate the most in Phuket in 2026?

As of early 2026, the property type expected to appreciate the most in Phuket is the pool villa, particularly three to four bedroom units designed for both living and rental use in prime west-coast locations.

The projected appreciation for top-performing villas in Phuket is 8% to 10% during 2026, with branded villa residences potentially reaching 10% to 12% in the most sought-after developments.

The main demand trend driving villa appreciation in Phuket is the shift toward long-stay living, where buyers want privacy, space, and the ability to generate rental income during periods when they are not on the island.

The property type expected to underperform in Phuket is the undifferentiated condo in high-supply areas, because when many similar units compete for the same renters, owners often have to discount prices to attract buyers.

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.

How will interest rates affect property prices in Phuket in 2026?

As of early 2026, the impact of interest rates on Phuket property prices is mildly supportive, as the Bank of Thailand cut the policy rate to 1.25% in December 2025 and maintains an easing bias.

The current benchmark policy rate is 1.25%, and mortgage rates in Thailand are expected to remain stable or decline slightly during 2026, making financing marginally cheaper for buyers who need loans.

A 1% change in interest rates typically shifts affordability by roughly 8% to 10% for leveraged buyers in Phuket, though this matters more for Thai end-users buying houses and townhouses than for foreign cash buyers purchasing condos and villas.

You can also read our latest update about mortgage and interest rates in Thailand.

What are the biggest risks for property prices in Phuket in 2026?

As of early 2026, the three biggest risks for Phuket property prices are condo oversupply in undifferentiated projects, a potential slowdown in tourism from key source markets, and Thailand's broader economic underperformance weighing on domestic buyer demand.

The single risk with the highest probability of materializing in Phuket is condo oversupply in certain submarkets, because over 10,000 new units launched in 2024 alone and projects without strong differentiation may need to discount to clear inventory.

We actually cover all these risks and their likelihoods in our pack about the real estate market in Phuket.

Is it a good time to buy a rental property in Phuket in 2026?

As of early 2026, yes, it is generally a good time to buy a rental property in Phuket if you choose the right asset in a proven demand zone and underwrite your investment realistically without assuming daily rental yields that may not be legally achievable.

The strongest argument in favor of buying now is that rental yields in Phuket are running at 9% to 10% annually for well-located villas, tourism is back to pre-pandemic levels, and the airport expansion will support long-term demand growth.

The strongest argument for waiting is that condo inventory is high in certain areas, which could lead to price softness or discounting in undifferentiated projects over the next 12 to 18 months.

If you want to know our latest analysis (results may differ from what you just read), you can read our assessment on whether now is a good time to buy a property in Phuket.

You'll also find a dedicated document about this specific question in our pack about real estate in Phuket.

Where will property prices be in 5 years in Phuket?

What is the 5-year property price forecast for Phuket as of 2026?

As of early 2026, cumulative property price growth in Phuket over the next five years is expected to reach 25% to 45% in the base case scenario, meaning a property worth 10 million THB today could be worth 12.5 to 14.5 million THB by 2031.

The range of 5-year forecasts for Phuket goes from a conservative 10% to 25% total growth if the economy underperforms, to an optimistic 45% to 70% if tourism booms and infrastructure projects deliver on schedule.

This translates to a projected average annual appreciation rate of 4.5% to 7.5% over the next five years in Phuket, with villas likely at the higher end and standard condos at the lower end.

The key assumption most forecasters rely on for their 5-year Phuket predictions is that international tourism will continue expanding, airport capacity will grow as planned, and foreign buyer interest in lifestyle properties will remain strong.

Which areas in Phuket will have the best price growth over the next 5 years?

The top three areas in Phuket expected to deliver the best price growth over the next five years are Bang Tao and Cherng Talay as the integrated lifestyle corridor, Rawai and Nai Harn as the long-stay expat hub, and Mai Khao in the north near the expanding airport.

Projected 5-year cumulative price growth for these top-performing Phuket areas ranges from 35% to 55% in Bang Tao and Cherng Talay, 30% to 50% in Rawai and Nai Harn, and 30% to 45% in Mai Khao as infrastructure upgrades materialize.

This five-year view largely matches our shorter 2026 forecast because the same fundamental drivers apply, though north Phuket areas like Mai Khao gain more prominence as airport expansion benefits compound over time.

The currently undervalued area in Phuket with the best potential for outperformance over five years is Wichit near Phuket Town, which benefits from local demand, schools, hospitals, and potential mass transit connectivity without carrying premium coastal pricing.

What property type will give the best return in Phuket over 5 years as of 2026?

As of early 2026, the property type expected to give the best total return over five years in Phuket is the well-located pool villa, especially family-sized units with good rental management potential in established lifestyle zones.

The projected 5-year total return for top-performing villas in Phuket, combining appreciation and rental income, ranges from 70% to 100%, meaning roughly 12% to 15% annualized when you add rental yields of 8% to 10% on top of 5% to 7% annual price growth.

The main structural trend favoring villas over the next five years in Phuket is the growing population of long-stay residents who want space, privacy, and the ability to work remotely while living near beaches and lifestyle amenities.

For buyers seeking a balance of return and lower risk over five years in Phuket, well-designed condos in prime locations with strong rental management offer more liquidity and lower entry prices, even if total returns are somewhat lower than villas.

How will new infrastructure projects affect property prices in Phuket over 5 years?

The top three major infrastructure projects expected to impact Phuket property prices over the next five years are the airport terminal expansion boosting capacity to 18 million passengers, the Kathu-Patong tunnel improving west coast access, and the proposed airport-to-Chalong mass transit line.

The typical price premium for properties near completed infrastructure projects in Phuket ranges from 10% to 20%, though this varies depending on how much the project actually reduces travel time or improves convenience for residents.

The specific Phuket neighborhoods that will benefit most from these infrastructure developments are Mai Khao and Nai Thon near the expanding airport, Kathu and areas around Patong once the tunnel opens, and Wichit and Chalong if the mass transit project moves forward.

How will population growth and other factors impact property values in Phuket in 5 years?

Phuket's effective population, including long-stay residents and recurring visitors, is projected to grow at 3% to 5% annually over the next five years, which will support property values particularly in areas with strong lifestyle amenities and international services.

The demographic shift with the strongest influence on Phuket property demand is the rise of remote workers and digital nomads who choose the island as a primary or secondary base, driving demand for well-connected one to two bedroom units and family villas near international schools.

Migration patterns affecting Phuket property values over five years include continued inflows from Russia, China, and Europe seeking lifestyle relocations, plus growing domestic migration from Bangkok as remote work becomes more accepted.

The property types and areas that will benefit most from these demographic trends in Phuket are villas and spacious condos in Cherng Talay and Bang Tao near international schools, and Rawai for retirees and long-stay couples seeking quieter beach access.

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 is the 10 year property price outlook in Phuket?

What is the 10-year property price prediction for Phuket as of 2026?

As of early 2026, cumulative property price growth in Phuket over the next ten years is expected to reach 55% to 110% in the base case scenario, meaning a property worth 10 million THB today could be worth 15.5 to 21 million THB by 2036.

The range of 10-year forecasts for Phuket spans from a conservative 25% to 55% total growth in a weak economic scenario, to an optimistic 110% to 160% if tourism thrives and infrastructure projects all deliver successfully.

This translates to a projected average annual appreciation rate of 4.5% to 7.5% over the next ten years in Phuket, consistent with the island's historical performance as a global lifestyle destination.

The biggest uncertainty factor in making 10-year property price predictions for Phuket is not local demand, which tends to be resilient, but rather global shocks like pandemics or geopolitical events that could disrupt international travel and foreign buyer flows.

What long-term economic factors will shape property prices in Phuket?

The top three long-term economic factors that will shape Phuket property prices over the next decade are tourism durability and airline connectivity, Thailand's medium-term economic competitiveness, and household debt levels affecting domestic buyer participation.

The single long-term factor with the most positive impact on Phuket property values is sustained tourism growth supported by airport expansion, because nearly every foreign property buyer first discovers the island as a visitor.

The single long-term factor posing the greatest structural risk to Phuket property values is Thailand's high household debt burden, which constrains domestic buyer affordability and could limit price appreciation if foreign demand ever weakens significantly.

You'll also find a much more detailed analysis in our pack about real estate in Phuket.

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 It's Authoritative	How We Used It
C9 Hotelworks	Specialist Thailand hospitality and property research house with transparent market metrics.	We used their Phuket-specific price indicators and submarket splits as our pricing anchor. We also relied on their premium gap analysis between branded and non-branded properties.
Knight Frank Thailand	Global real estate consultancy with a professional research practice and consistent methodology.	We used their Phuket supply and demand narrative and zone mapping. We cross-checked area names and buyer drivers against other submarket research.
Bank of Thailand Property Price Index	Official central bank index built from mortgage loan data using hedonic methods.	We used it to benchmark Phuket's cycle against Thailand's broader housing price cycle. We treated it as a direction check rather than an absolute Phuket price source.
Bank of Thailand Monetary Policy Report	Central bank's core macro forecast document updated quarterly.	We used it to frame 2026 macro conditions affecting housing affordability. We also explained why rates and credit conditions matter for Phuket buyers.
Reuters	Top-tier wire service with strong editorial standards and direct sourcing.	We used their December 2025 rate cut reporting to pin the starting point for 2026 interest rates. We then translated that into buyer behavior implications.
NESDC Thailand	Thailand's official economic planning agency and standard reference for GDP outlook.	We used it to describe Thailand's 2026 growth range and risks. We connected that to domestic buyer demand in Phuket from locals and Bangkok second-home buyers.
IMF Thailand Profile	International organization with standardized macro datasets and forecasts.	We used it to triangulate 2026 growth expectations and macro headwinds. We treated it as a global consensus check versus Thai domestic forecasts.
World Bank Thailand MPO	International institution with country economic monitoring and comparable methodology.	We used it for a second external baseline on growth and tourism dynamics. We stress-tested downside scenarios for property prices using their analysis.
Bangkok Post	Major national newspaper with explicit sourcing from REIC and government agencies.	We used their reporting on transfer forecasts and transport projects. We treated timelines cautiously and presented them as scenario drivers.
CBRE Thailand	Global real estate services firm with structured market reporting.	We used their Phuket demand signals and airport passenger data. We cross-checked timing and market temperature versus other research houses.
Thailand PRD	Official Thai government communications channel for agency plans and statements.	We used it to substantiate airport capacity expansion plans. We then identified which north and airport corridor areas would benefit most from infrastructure upgrades.
Themis Partner	International law firm network with structured legal explainers on ownership rules.	We used it to keep ownership constraints accurate for foreign buyers. We explained why the 49% condo quota and leasehold structures matter in Phuket.
Global Property Guide	International housing market aggregator that cites primary sources including REIC.	We used it as a cross-check for national-level direction and foreign demand commentary. We did not use it as the primary Phuket price source.
FazWaz	Major property listing platform with real-time asking price data across Phuket.	We used their median price and property size data to validate market-wide price estimates. We cross-referenced their figures with research house reports.
The Nation Thailand	Major English-language Thai newspaper covering property and economic news.	We used their developer strategy reporting and AOT expansion coverage. We incorporated their analyst quotes on regional market performance differences.
Phuket.Net	Local property portal with market trend analysis specific to Phuket.	We used their 2026 forecast commentary and rental market observations. We validated their projections against institutional research sources.