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
Phuket remains one of the most attractive destinations for condo investment in Southeast Asia, thanks to its strong tourism demand and growing expat community.
Rental yields here tend to beat many comparable beach destinations, though they vary significantly depending on location, property type, and rental strategy.
We constantly update this blog post to reflect the latest market conditions and data sources, so what you read here reflects early 2026 realities.
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
What rental yields can I realistically get from a condo in Phuket?
What's the average gross rental yield for condos in Phuket as of 2026?
As of early 2026, the average gross rental yield for condos in Phuket typically sits around 5% to 6% for standard long-term rentals, though well-positioned units in high-demand areas can push toward 7% or higher. The realistic range that covers most condo investments in Phuket runs from about 5% at the conservative end (for premium beachfront or branded properties where prices are high) up to 8% or more for well-bought units in secondary locations with strong tenant demand. The main factor causing gross yields to vary significantly in Phuket is the price per square meter you pay at purchase, because rental rates across the island are more uniform than purchase prices, so overpaying in a "premium" location compresses your yield even if rent looks decent. Compared to Bangkok (around 6% average) and other Thai cities, Phuket's gross yields are competitive, though slightly lower than emerging areas like Samut Prakan, but Phuket offers the advantage of both local and international tenant pools driven by tourism and lifestyle migration.
What's the average net rental yield for condos in Phuket as of 2026?
As of early 2026, the average net rental yield for condos in Phuket after accounting for all landlord costs typically lands between 3.5% and 4.5% for standard long-term rentals. The realistic range spans from about 3% for properties with high HOA fees and significant vacancy, up to around 5% for efficiently managed units with low operating costs and strong occupancy. The single biggest expense category that reduces gross yield to net yield in Phuket is the combination of common area maintenance (CAM) fees and vacancy, because Phuket's seasonal tourism patterns mean even long-term tenants often move during low season, and the island's resort-style buildings typically charge 40 to 100 THB per square meter monthly in CAM fees, which can eat 7% to 15% of your rental income before you factor in anything else.
By the way, we have much more granular data about rental yields in our property pack about Phuket.
What's the typical rent-to-price ratio for condos in Phuket in 2026?
As of early 2026, the typical rent-to-price ratio for condos in Phuket translates to about 18 to 19 years of rent needed to equal the purchase price (which is the inverse of a 5% to 5.5% gross yield). The realistic range covering most condo transactions in Phuket runs from about 14 years (for high-yielding units bought below market in secondary locations) to over 22 years (for premium beachfront or branded properties where prices are elevated). The condo categories with the highest rent-to-price ratios in Phuket tend to be smaller 1-bedroom units in areas like Kathu, Wichit, Chalong, and inland parts of Rawai, where purchase prices remain more accessible while rental demand from workers, families, and mid-term expats keeps rents steady.
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How much rent can I charge for a condo in Phuket?
What's the typical tenant budget range for condos in Phuket right now?
The typical monthly tenant budget range for renting a condo in Phuket spans from about 15,000 THB (around 430 USD or 400 EUR) for basic units up to 70,000 THB or more (around 2,000 USD or 1,850 EUR) for premium properties. Entry-level condo tenants in Phuket typically budget between 12,000 and 20,000 THB monthly (340 to 570 USD, or 320 to 530 EUR), targeting older studios or compact 1-bedrooms in inland locations like Kathu or Phuket Town. Mid-range tenants looking at modern 1-bedrooms or standard 2-bedrooms budget between 20,000 and 45,000 THB monthly (570 to 1,280 USD, or 530 to 1,200 EUR), often seeking units in areas like Rawai, Chalong, or the edges of Bang Tao. High-end or luxury condo tenants budget 50,000 THB and above (1,430 USD or 1,330 EUR and up), targeting sea-view units, branded residences, or premium buildings in Bang Tao, Kamala, Surin, or beachfront Kata and Karon.
You can also check our latest update about rents in Phuket here.
What's the average monthly rent for a 1-bed condo in Phuket as of 2026?
As of early 2026, the average monthly rent for a 1-bedroom condo in Phuket sits around 22,000 THB (approximately 630 USD or 580 EUR), though actual rents range widely based on location and building quality. Entry-level 1-bed condos in Phuket rent for about 15,000 to 20,000 THB monthly (430 to 570 USD, or 400 to 530 EUR), and these would typically be older buildings or inland locations like Kathu or Wichit, often with basic amenities but still functional for working professionals or long-stay visitors. Mid-range 1-bed condos in Phuket rent for about 20,000 to 30,000 THB monthly (570 to 860 USD, or 530 to 800 EUR), usually modern units in areas like Rawai, Chalong, or the outskirts of Bang Tao, featuring pools, gyms, and reliable air conditioning. High-end 1-bed condos in Phuket command 35,000 to 60,000 THB monthly (1,000 to 1,700 USD, or 930 to 1,600 EUR), typically sea-view units in premium locations like Laguna, Kamala, or Surin, or branded residences with hotel-style amenities.
What's the average monthly rent for a 2-bed condo in Phuket as of 2026?
As of early 2026, the average monthly rent for a 2-bedroom condo in Phuket runs around 45,000 THB (approximately 1,280 USD or 1,200 EUR), with a common range spanning 35,000 to 60,000 THB depending on location and amenities. Entry-level 2-bed condos in Phuket rent for about 30,000 to 40,000 THB monthly (860 to 1,140 USD, or 800 to 1,060 EUR), typically older or more basic buildings in areas like Phuket Town, Kathu, or inland Chalong, suitable for small families or couples wanting extra space. Mid-range 2-bed condos rent for about 40,000 to 55,000 THB monthly (1,140 to 1,570 USD, or 1,060 to 1,460 EUR), usually modern units in Rawai, Nai Harn, or mid-tier Bang Tao developments with good pools and proximity to beaches or international schools. High-end 2-bed condos command 60,000 to 90,000 THB monthly (1,700 to 2,570 USD, or 1,600 to 2,400 EUR), featuring sea views, premium finishes, or branded residence services in locations like Laguna, Kamala, or beachfront Surin.
What's the average monthly rent for a 3-bed condo in Phuket as of 2026?
As of early 2026, the average monthly rent for a 3-bedroom condo in Phuket sits around 80,000 THB (approximately 2,280 USD or 2,130 EUR), with a common range spanning 60,000 to 120,000 THB depending on location and luxury level. Entry-level 3-bed condos in Phuket rent for about 55,000 to 70,000 THB monthly (1,570 to 2,000 USD, or 1,460 to 1,860 EUR), often older buildings or less central locations, suitable for families who prioritize space over premium amenities. Mid-range 3-bed condos rent for about 70,000 to 100,000 THB monthly (2,000 to 2,850 USD, or 1,860 to 2,660 EUR), typically modern units in family-friendly areas near international schools like those in Thalang or Cherngtalay, with good common facilities. High-end 3-bed condos command 100,000 to 150,000 THB monthly (2,850 to 4,280 USD, or 2,660 to 4,000 EUR) or more, featuring penthouses, sea views, or branded residence standards in prime Bang Tao, Kamala, or Surin locations.
How fast do well-priced condos get rented in Phuket?
A well-priced condo in Phuket typically rents within 2 to 6 weeks during high season (November to April), while shoulder and low season can stretch to 1 to 3 months if your pricing is ambitious. The typical vacancy rate for long-term rental condos in Phuket runs around 10% to 15% annually (roughly 1.2 to 1.8 months per year), which reflects the island's seasonal demand patterns and ongoing supply additions from new project launches. The main factors that cause some condos to rent faster than others in Phuket include proximity to lifestyle nodes like Boat Avenue in Cherngtalay, schools for expat families, or the Rawai waterfront, plus practical features like reliable air conditioning, functional kitchens, and building management that keeps common areas clean and pools maintained.
And if you want to know what should be the right price, check our latest update on how much a condo should cost in Phuket.
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.
Which condo type gives the best yield in Phuket?
Which is better for yield between studios, 1-bed, 2-bed and 3-bed condos in Phuket as of 2026?
As of early 2026, 1-bedroom condos in Phuket typically deliver the best rental yields, followed closely by studios, while 2-bed and especially 3-bed units tend to yield less due to their higher purchase prices relative to achievable rents. The typical gross rental yield range by condo type in Phuket runs approximately: studios and 1-beds at 5.5% to 6.5%, 2-beds at 4.5% to 5.5%, and 3-beds at 4% to 5%. The main reason 1-beds outperform in Phuket is the depth of the tenant pool, because the island attracts a steady flow of digital nomads, single expats, couples, and seasonal visitors who need exactly one bedroom and are willing to pay competitive rent, while 3-bed demand is thinner and skews toward families who often pivot to villas at that size anyway.
Which amenities are best if you want a good yield for your condo in Phuket?
The amenities that most positively impact rental yield in Phuket are reliable air conditioning with good insulation (critical given the tropical climate), a functional gym and well-maintained pool (expected by most tenants), and walkability to lifestyle hubs like Boat Avenue, Porto de Phuket, or the Rawai seafood market strip. Mid-to-high floors tend to rent faster in Phuket if the building has reliable elevators and the higher position improves views or reduces street noise, while ground floors can be harder to rent unless they offer a private terrace with good privacy. Condos with balconies do rent faster in Phuket because tenants are often drawn by the "island lifestyle" appeal, and a balcony makes even a small unit feel more spacious for morning coffee or evening drinks. Building amenities like pools and gyms raise rent somewhat, but more importantly they reduce vacancy by making your unit competitive with the market standard, and in Phuket where most modern buildings include these basics, lacking them often means you need to discount to attract tenants.
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Which neighborhoods give the best rental demand for condos in Phuket?
Which condo neighborhoods have the highest rental demand in Phuket as of 2026?
As of early 2026, the Phuket neighborhoods with the highest rental demand for condos are Bang Tao and Cherngtalay (driven by the Laguna resort complex, international schools, and expatriate community), Rawai and Nai Harn (popular with long-stay expats and lifestyle seekers), and Patong (high liquidity from tourism, though more volatile). The main demand driver making these neighborhoods attractive is the combination of lifestyle infrastructure and accessibility, meaning Bang Tao offers beach clubs, restaurants, and schools while Rawai provides a quieter expat community feel with good local amenities, and Patong delivers walkable entertainment and services that short-to-mid-term visitors seek. Vacancy rates and time-to-rent in these high-demand Phuket neighborhoods typically run at the lower end of the island average, with well-priced units in Bang Tao or Rawai often finding tenants within 2 to 4 weeks during high season. One emerging neighborhood gaining rental demand momentum in Phuket is Kathu, which offers more affordable prices while sitting conveniently between Patong and the central island, with golf courses, shopping malls, and growing appeal for working expats who want value without sacrificing accessibility.
By the way, we've written a blog article detailing what are the current best areas to invest in property in Phuket.
Which condo neighborhoods have the highest yields in Phuket as of 2026?
As of early 2026, the Phuket neighborhoods with the highest condo rental yields are typically Kathu, Wichit, inland Chalong, and parts of Phuket Town, where purchase prices remain more accessible while rental demand from local workers, families, and mid-term residents stays steady. The typical gross rental yield range in these top-yielding Phuket neighborhoods runs from about 6% to 7.5%, compared to 4.5% to 5.5% in premium beachfront areas where prices per square meter are significantly higher. The main reason these neighborhoods offer higher yields than others in Phuket is that they were not subject to the same price inflation driven by tourism-focused branded developments, so you can buy at 80,000 to 100,000 THB per square meter instead of 140,000 to 180,000 THB in Bang Tao or Kamala, yet rents only drop 20% to 30% because tenant demand from the non-tourist segment (teachers, hospital staff, remote workers, families) remains real.
We have a whole part covering all the neighborhoods in our pack about buying a property in Phuket.
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.
Should I do long-term rental or short-term rental in Phuket?
Is short-term rental legal for condos in Phuket as of 2026?
As of early 2026, renting a condo for less than 30 days in Phuket falls under Thailand's Hotel Act and technically requires a hotel license, which most individual condo units cannot obtain, making nightly Airbnb-style rentals a legal gray area with real enforcement risk. The main legal restrictions for operating a short-term rental condo in Phuket include the requirement for a hotel license under the Hotel Act B.E. 2547 (which applies to any accommodation offered for under 30 days), potential fines of up to 20,000 THB plus 10,000 THB per day for ongoing violations, and the requirement to file TM30 immigration reports within 24 hours of foreign guest arrival. Most condo buildings in Phuket prohibit short-term rentals in their juristic person bylaws, and while exact percentages are hard to pin down, a safe estimate is that fewer than 20% of typical residential condos actively permit or tolerate Airbnb-style nightly rentals, with the remainder either explicitly banning them or creating practical barriers like guest registration requirements.
By the way, we also have a blog article detailing whether owning an Airbnb rental is profitable in Phuket.
What's the gross yield difference short-term vs long-term in Phuket in 2026?
As of early 2026, short-term rentals in Phuket can generate headline gross revenue yields of 8% to 12% or higher compared to 5% to 6% for long-term rentals, but the higher operating costs of short-term often bring net yields much closer together. The typical gross yield range for short-term rentals in Phuket runs 8% to 15% on paper (assuming strong occupancy), while long-term rentals consistently deliver 5% to 7% gross, though this comparison is somewhat misleading because short-term "yield" calculations often use revenue before substantial costs are deducted. The main additional costs that reduce the net yield advantage of short-term rentals in Phuket include management fees of 20% to 30% of revenue, platform commissions of 3% to 15%, cleaning costs per turnover, higher utility consumption, furnishing refresh and linen replacement, and significantly more management attention. To outperform a long-term rental on a net yield basis in Phuket, a short-term rental typically needs to achieve at least 55% to 60% annual occupancy at competitive average daily rates, and once you factor in management fees and operating costs, many operators find their net returns are similar to or only marginally better than simply renting long-term with far less hassle.
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What costs will destroy my net yield for a condo in Phuket?
If you want to go into more details, we also have a blog article detailing all the property taxes and fees in Phuket.
What are condo HOA fees as a % of rent in Phuket as of 2026?
As of early 2026, typical HOA (common area maintenance) fees in Phuket run around 7% to 15% of monthly rent, with the absolute amount usually calculated at 40 to 100 THB per square meter per month (roughly 1.15 to 2.85 USD, or 1.05 to 2.65 EUR per sqm). The realistic range of HOA fees covers most Phuket condos between 40 THB per sqm monthly for basic buildings up to 100 THB or more for resort-style developments with extensive amenities, which translates to roughly 2,000 to 5,000 THB monthly (57 to 140 USD, or 53 to 130 EUR) for a typical 50 sqm 1-bedroom unit. The amenities that typically justify higher-than-average HOA fees in Phuket include multiple swimming pools, full-service gyms, 24-hour security with lobby staff, landscaped tropical gardens, and resort-style facilities like beach shuttles or concierge services, though you should verify that these amenities actually help you charge higher rent rather than just inflating your operating costs.
What annual maintenance budget should I assume for a condo in Phuket right now?
The typical annual maintenance budget condo owners should assume in Phuket for unit interior upkeep (separate from HOA fees) runs about 0.5% to 1.0% of the condo's value per year, which for a 5,000,000 THB condo means roughly 25,000 to 50,000 THB annually (710 to 1,430 USD, or 660 to 1,330 EUR). The realistic range of annual maintenance costs depends on condo age and condition, spanning from about 15,000 THB yearly (430 USD or 400 EUR) for newer units in good shape to 60,000 THB or more (1,710 USD or 1,600 EUR) for older units requiring more frequent repairs. The most common maintenance expenses condo owners face annually in Phuket are air conditioning servicing and occasional compressor replacement (critical given the humidity and heavy usage), water heater maintenance, minor plumbing fixes due to hard water deposits, repainting touch-ups to address tropical moisture effects, and appliance repairs or replacement as saltier coastal air accelerates wear on electronics and metal components.
What property taxes should I expect for a condo in Phuket as of 2026?
As of early 2026, annual property tax for a typical residential condo in Phuket is quite low, usually amounting to just a few thousand THB per year (under 100 USD or 90 EUR for most standard units) thanks to Thailand's progressive Land and Buildings Tax structure with low rates for residential properties. The realistic range of property taxes depends on assessed value, with most typical Phuket condos valued under 50 million THB paying rates starting around 0.02% of assessed value annually, which works out to roughly 1,000 to 5,000 THB per year (29 to 140 USD, or 27 to 130 EUR) for common condo price points. Property taxes in Phuket are calculated based on the official assessed value of the property (which may differ from market value) multiplied by the applicable rate for the property's use category, with residential properties enjoying the lowest rates in the progressive structure. There are exemptions available, including a general exemption for residential properties with assessed values below a certain threshold (currently 50 million THB for primary residences), meaning many condo owners pay minimal or no property tax, though this should be verified with current regulations as thresholds can change.
How much does condo insurance cost in Phuket in 2026?
As of early 2026, the typical annual condo insurance cost for contents and interior coverage in Phuket runs about 3,000 to 10,000 THB per year (85 to 285 USD, or 80 to 265 EUR), with most standard policies falling in the 4,000 to 7,000 THB range for typical units. The realistic range of annual condo insurance costs depends on coverage level and insured value, spanning from basic contents-only policies around 2,500 THB (70 USD or 65 EUR) up to comprehensive packages with flood and earthquake extensions at 12,000 THB or more (340 USD or 320 EUR) for higher-value contents or interior improvements. Note that building common areas and structure are typically insured through the juristic person via your CAM fees, so your personal policy primarily covers your unit's interior, contents, and any improvements you have made, plus liability coverage if you are renting to tenants.
What's the typical property management fee for condos in Phuket as of 2026?
As of early 2026, the typical property management fee for long-term rental condos in Phuket runs about 8% to 12% of monthly rent (roughly 1,800 to 4,500 THB monthly, or 51 to 130 USD, or 48 to 120 EUR for a unit renting at 22,000 to 35,000 THB), while short-term rental management commands 20% to 30% of revenue. The realistic range of property management fees spans from one month's rent as a one-time tenant placement fee (common for basic long-term management) to 10% to 15% monthly for full-service long-term management, and up to 25% to 35% for comprehensive short-term rental management including dynamic pricing, guest communication, and turnover coordination. Standard property management services in Phuket typically include tenant sourcing and screening, lease administration, rent collection, basic maintenance coordination, periodic property inspections, and handling tenant communications, though you should clarify exactly what is included versus charged extra, as some managers surprise owners by deducting repair costs from monthly payouts without prior approval.
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 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 |
|---|---|---|
| Global Property Guide | Long-running international real estate data publisher with transparent methodology | We used it as our baseline for Phuket gross yields and rent-to-price ratios. We relied on their bedroom-by-bedroom yield breakdowns to compare condo types. |
| CBRE Thailand | Major global real estate consultancy with established research practices | We used it to anchor market structure, pricing by submarket, and transaction volumes. We relied on their data showing Bang Tao dominated 68% of condo transactions. |
| Colliers Thailand | Major international consultancy with dedicated Phuket research reports | We used it to quantify supply, absorption, and inventory levels. We relied on their analysis to explain why some segments face yield pressure from new launches. |
| C9 Hotelworks | Specialized Phuket hospitality and property research firm | We used it for Phuket-specific price per sqm benchmarks by submarket. We relied on their data to explain premium versus non-premium pricing differences. |
| Bank of Thailand | Official reference for Thai baht exchange rates used in finance | We used it to convert USD-denominated rent and price benchmarks into THB. We relied on early 2026 rates for consistent currency conversions throughout. |
| DDproperty Thailand | One of Thailand's largest property portals referenced by major research firms | We used it to cross-check that rent ranges match actively advertised listings. We relied on it as a reality check on bedroom-by-bedroom rent bands. |
| Thailand Ministry of Interior (DOPA) | Official government-hosted legal text of the Hotel Act | We used it to ground the short-term rental legality section. We relied on its definitions to support the 30-plus day guidance for condo rentals. |
| Thailand Fiscal Policy Office | Thai government finance body hosting official tax legislation | We used it to estimate annual property tax bands for residential condos. We relied on its rate tables to show why property tax is usually not a major yield factor. |
| Tilleke & Gibbins | Top-tier law firm in Thailand with reliable legal commentary | We used it to translate tax law into plain-English investor implications. We relied on their explanations of how the system works in practice. |
| Phuket Property Group | Local Phuket real estate agency with detailed fee guidance | We used it to establish the average CAM fee of 60 THB per sqm in Phuket. We relied on their calculation examples for HOA cost impacts. |
| Hawook | Property platform with detailed Phuket management fee analysis | We used it to establish property management fee ranges for both long and short-term rentals. We relied on their breakdown of what services are typically included. |
Buying real estate in Phuket can be risky
An increasing number of foreign investors are showing interest. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
