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What rental yield can you get with a condo in Phuket? (2026)

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SUMMARY

We analyzed condo rental yields in Phuket, as of 2026, for residential condo buyers, using the raw dataset provided and turning it into a practical market guide for foreign individual investors.

This article is updated regularly, so the figures should be read as a May 2026 snapshot of the Phuket condo market rather than a permanent promise of future rental income.

The main finding is clear: Phuket condo rental yields look attractive on a gross basis, but net rental yield is the number that matters because resort-style condo costs can be heavy.

Across the model, Phuket condos average about 7.5% gross yield and 5.3% net yield. That is a solid income profile, but the spread between gross and net shows why common-area fees, leasing costs, vacancy, maintenance, and management quality matter.

The strongest yield areas are Patong, Kata, Rawai, Nai Harn, Karon, Chalong, Kathu, and Phuket Town, depending on unit type and buyer risk tolerance.

Patong 2-bedroom condos show the highest modeled net yield, near 6.0%, but Patong also brings more turnover, more wear and tear, and higher management intensity.

Kata, Rawai, Nai Harn, and Karon look more balanced because they combine strong rents with livability, beach demand, expat demand, and clearer tenant depth.

Surin, parts of Cherng Talay / Laguna, premium Bang Tao, and some Kamala buildings look weaker for pure income buyers because prices, branded premiums, and high service costs absorb more rent.

The most efficient beginner format is usually the 1-bedroom condo. In the Phuket model, 1-bedroom condos average about 5.4% net yield, with better tenant depth than studios and lower capital exposure than 2-bedroom condos.

For a foreign buyer, the practical takeaway is to compare net yield, building fees, tenant depth, resale liquidity, rental management, location inside the neighborhood, and vacancy risk together. A high Phuket gross yield is useful only when the building can keep enough of that rent after costs.

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Condo rental yields in Phuket in 2026

This table compares condo rental yields in Phuket by neighborhood and unit type, using the May 2026 investor model from the raw dataset.

For each area, the table shows estimated purchase price, estimated monthly rent, gross rental yield, and net rental yield for studio condos, 1-bedroom condos, and 2-bedroom condos. The net yield figures already reflect recurring owner costs such as common-area fees, reserve contributions, insurance, maintenance, leasing costs, vacancy allowance, and simple rental-tax friction.

Finally, please note you'll find much more detailed data in our real estate pack about Phuket.

Neighborhood Studio condo average purchase price Studio condo average monthly rent Studio condo gross rental yield Studio condo net rental yield 1-bedroom condo average purchase price 1-bedroom condo average monthly rent 1-bedroom condo gross rental yield 1-bedroom condo net rental yield 2-bedroom condo average purchase price 2-bedroom condo average monthly rent 2-bedroom condo gross rental yield 2-bedroom condo net rental yield
Bang Tao THB 5,800,000 THB 35,000 7.2% 4.9% THB 8,600,000 THB 55,000 7.7% 5.2% THB 12,400,000 THB 80,000 7.7% 5.3%
Chalong THB 2,800,000 THB 16,000 6.9% 5.3% THB 4,300,000 THB 26,000 7.3% 5.7% THB 6,200,000 THB 38,000 7.4% 5.7%
Cherng Talay / Laguna THB 6,500,000 THB 40,000 7.4% 4.9% THB 10,200,000 THB 65,000 7.6% 5.0% THB 14,800,000 THB 95,000 7.7% 5.1%
Kamala THB 5,300,000 THB 32,000 7.2% 4.9% THB 8,100,000 THB 50,000 7.4% 5.0% THB 11,600,000 THB 72,000 7.4% 5.0%
Karon THB 4,500,000 THB 30,000 8.0% 5.5% THB 6,800,000 THB 45,000 7.9% 5.5% THB 9,700,000 THB 65,000 8.0% 5.5%
Kata THB 4,800,000 THB 33,000 8.3% 5.6% THB 7,200,000 THB 50,000 8.3% 5.7% THB 10,400,000 THB 72,000 8.3% 5.6%
Kathu THB 2,200,000 THB 12,000 6.5% 5.2% THB 2,600,000 THB 16,000 7.4% 5.9% THB 4,100,000 THB 26,000 7.6% 6.1%
Mai Khao THB 4,400,000 THB 26,000 7.1% 4.8% THB 6,500,000 THB 40,000 7.4% 4.9% THB 9,400,000 THB 60,000 7.7% 5.1%
Nai Harn THB 4,800,000 THB 30,000 7.5% 5.3% THB 7,000,000 THB 47,000 8.1% 5.6% THB 10,100,000 THB 68,000 8.1% 5.7%
Patong THB 4,000,000 THB 26,000 7.8% 5.5% THB 5,600,000 THB 38,000 8.1% 5.7% THB 8,100,000 THB 58,000 8.6% 6.0%
Phuket Town THB 2,400,000 THB 13,000 6.5% 5.2% THB 3,200,000 THB 19,000 7.1% 5.7% THB 4,900,000 THB 30,000 7.3% 5.9%
Rawai THB 4,400,000 THB 28,000 7.6% 5.5% THB 6,500,000 THB 43,000 7.9% 5.7% THB 9,400,000 THB 62,000 7.9% 5.7%
Surin THB 6,300,000 THB 38,000 7.2% 4.7% THB 9,900,000 THB 58,000 7.0% 4.6% THB 14,400,000 THB 85,000 7.1% 4.6%
Wichit THB 2,800,000 THB 14,000 6.0% 4.7% THB 3,800,000 THB 22,000 6.9% 5.5% THB 5,700,000 THB 34,000 7.2% 5.7%

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Which neighborhoods offer the best net yield among areas people actually want to live in Phuket?

The best net-yield neighborhoods among areas people actually want to live in Phuket are Patong, Kata, Rawai, Nai Harn, and Karon.

These areas combine above-average modeled net yields with real tenant demand, beach access, restaurants, services, and resale visibility.

The Phuket model average is about 5.3% net yield. Patong 2-bedroom condos reach about 6.0% net, Kata 1-bedroom condos about 5.7%, Rawai 1-bedroom condos about 5.7%, Nai Harn 2-bedroom condos about 5.7%, and Karon condos about 5.5%.

The real signal is that these places do not rely only on cheap purchase prices. They have renters who actively want the lifestyle, beach access, food scene, gyms, cafés, and shorter daily routes.

Patong has the deepest tourist rental pool, but it also has more turnover. Kata and Karon are more balanced holiday areas, while Rawai and Nai Harn lean more toward long-stay foreigners and expats.

For a beginner buyer, the safer interpretation is not simply to buy the highest yield. It is to buy where the net yield is strong and the tenant story is easy to understand.

Where can I find condos with above-average yields and below-average entry prices in Phuket?

The clearest above-average-yield, below-average-entry-price areas in Phuket are Kathu, Phuket Town, Chalong, Rawai, and Wichit.

These areas are not the most glamorous Phuket condo markets, but they offer lower purchase prices than west-coast resort zones.

In the model, Phuket's average condo purchase price across the three unit types is about THB 6.7 million. Kathu 1-bedroom condos are modeled at only THB 2.6 million with 5.9% net yield, while Phuket Town 1-bedroom condos are modeled at THB 3.2 million with 5.7% net yield.

Chalong also looks efficient. A 1-bedroom condo is modeled at THB 4.3 million, THB 26,000 monthly rent, and 5.7% net yield.

These areas are cheaper because they are less beachfront and less prestige-driven. The rental base is broader than tourists, including local workers, teachers, hospital staff, service-sector employees, and long-stay foreigners.

The trade-off is resale liquidity. A cheap Kathu or Wichit condo may rent steadily, but it will not always attract the same foreign-buyer resale demand as Bang Tao, Laguna, Rawai, Kata, or Patong.

Where does the rent level justify the condo purchase price most clearly in Phuket?

The rent level justifies the condo purchase price most clearly in Kata, Patong, Rawai, Nai Harn, and Karon.

These areas show the strongest rent-to-price relationship in the Phuket condo rental yield model.

Kata is the cleanest example. A modeled 1-bedroom condo costs about THB 7.2 million, rents for about THB 50,000 per month, and produces around 8.3% gross yield and 5.7% net yield.

Patong 2-bedroom condos are also strong. The model shows a THB 8.1 million purchase price, THB 58,000 monthly rent, 8.6% gross yield, and 6.0% net yield.

Tenants pay these rents because these areas solve a practical Phuket problem: access. Beach proximity, restaurants, nightlife, gyms, international services, and daily convenience all matter on an island where road congestion can make distance feel larger.

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Where is the best place to buy if I want stable rental income rather than maximum yield in Phuket?

For stable rental income rather than maximum yield in Phuket, the best choices are Rawai, Nai Harn, Chalong, Phuket Town, and selected Bang Tao buildings.

These areas have broader long-stay demand than purely holiday-led locations.

Rawai and Nai Harn are especially useful for stability. They attract long-stay expats, retirees, digital workers, fitness-oriented tenants, and people who want south-island living without Patong nightlife.

Chalong and Phuket Town are lower-glamour but steadier. Chalong has road access, marinas, gyms, schools, and local services, while Phuket Town has hospitals, government offices, shopping, cafés, schools, and local employment demand.

Bang Tao can also be stable in high-quality buildings because Laguna and nearby lifestyle infrastructure attract families, corporate tenants, and longer-stay foreigners. But the acquisition price is higher and common-area costs can pull net yield down.

The practical takeaway is that Patong and Kata may offer stronger headline income, while Rawai, Nai Harn, Chalong, and Phuket Town can be easier for a beginner because the tenant base is less dependent on peak-season tourism.

Which condo type gives the best return for the lowest total investment in Phuket?

The best Phuket condo type for return versus total investment is usually the 1-bedroom condo.

It gives better tenant depth than a studio and needs much less capital than a 2-bedroom condo.

In the model, studios average about THB 4.36 million and 5.1% net yield. One-bedroom condos average about THB 6.45 million and 5.4% net yield.

Two-bedroom condos average about THB 9.37 million and 5.5% net yield. The small yield advantage of 2-bedroom condos does not always justify the larger capital requirement for a beginner.

Studios can work in Patong, Kata, and Bang Tao, but they are more vulnerable to oversupply and short-stay competition. In Phuket, many renters want enough space for remote work, longer stays, couples, storage, or visitors.

The practical rule is simple: a good 1-bedroom condo is usually the easiest product to understand, rent, and resell. It is often the safest first rental purchase unless the buyer has a specific family-rental strategy for a 2-bedroom unit.

We give you more details in the our real estate pack about Phuket.

Which neighborhoods offer strong rental income with the lowest vacancy risk in Phuket?

The Phuket neighborhoods that combine strong rental income with lower vacancy risk are Rawai, Nai Harn, Kata, Karon, Bang Tao, and selected Patong buildings.

These areas have real renter depth, not just high asking rents.

Patong has high rent potential, especially for 2-bedroom condos at about THB 58,000 monthly rent and 6.0% net yield. But Patong also has more turnover, more competition, and more management intensity.

Rawai and Nai Harn are less dependent on short peak-season stays. Their demand comes from long-stay foreigners, retirees, remote workers, and people who like the south Phuket beach-and-lifestyle mix.

Bang Tao has strong demand because of Laguna, beach clubs, restaurants, international schools nearby, and newer lifestyle infrastructure. But because many buildings are newer and amenity-heavy, the net yield can be lower than the gross rent suggests.

The honest interpretation is that lower vacancy often costs more upfront. Bang Tao and Laguna are safer for tenant depth but expensive, while Rawai and Nai Harn offer a better balance for investors who want stability without paying full luxury pricing.

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Which areas look overpriced relative to their rental income in Phuket?

The Phuket areas that look most overpriced relative to rental income are Surin, parts of Cherng Talay / Laguna, and some premium Bang Tao or Kamala buildings.

They can be excellent lifestyle locations, but they are weaker pure-income investments.

Surin is the clearest example in the model. A 1-bedroom condo is estimated at THB 9.9 million, with THB 58,000 monthly rent, about 7.0% gross yield, and only 4.6% net yield after heavier ownership costs.

The same pattern appears in Surin 2-bedroom condos. The monthly rent is high at THB 85,000, but the purchase price is also high at THB 14.4 million, leaving net yield at only 4.6%.

Cherng Talay / Laguna and Bang Tao have stronger tenant depth than Surin, but branded or amenity-heavy buildings can still compress net yield. In the raw market context, branded Phuket condos averaged THB 181,000 per sqm, a 28% premium over non-branded units.

The trade-off is capital preservation versus income. Surin, Laguna, and premium Bang Tao may protect lifestyle value and resale appeal better than inland areas, but they are not usually the highest net-yield choices.

Which neighborhoods should I avoid even if the rental yield looks attractive in Phuket?

A beginner should be careful with low-priced Kathu buildings, older Patong stock, isolated Mai Khao condos, and weak Wichit studio units, even when the headline yield looks attractive.

The issue is not the neighborhood name alone. The issue is tenant depth, resale liquidity, building quality, maintenance, and vacancy risk.

Kathu can show attractive net yields because prices are low. In the model, Kathu 2-bedroom condos reach about 6.1% net yield, but resale liquidity is weaker than beach districts.

Older Patong stock can also look attractive because Patong rents well. The risk is that older buildings may have tired common areas, weak management, dated layouts, parking problems, noise exposure, and higher maintenance needs.

Mai Khao can look appealing because it is peaceful and airport-accessible. But it is more resort-led and less daily-life dense than Rawai, Chalong, Phuket Town, or Patong, so long gaps between tenants can damage net income.

The practical recommendation is to avoid buildings with high common fees, weak juristic management, poor maintenance records, low owner-occupier presence, or too many identical rental units.

Which neighborhoods look risky even though the rental yield is high in Phuket?

The highest-risk high-yield areas in Phuket are Patong, Kathu, parts of Karon, and some Rawai fringe locations.

Their yields can be strong, but the risk-adjusted return depends heavily on building and tenant quality.

Patong has the strongest income upside in the table, especially 2-bedroom condos at about 6.0% net yield. But the tenant base can be short-stay, seasonal, price-sensitive, and management-intensive.

Kathu can produce strong modeled net yields because the capital base is low. The risk is liquidity, because an inland local-market condo is harder to resell to a foreign lifestyle buyer than a beach-area condo.

Karon and Rawai are less risky than Patong or Kathu, but location inside the neighborhood matters. A walkable unit near the beach or main services is very different from an inconvenient hillside or back-road unit.

The safer alternatives are Kata, Nai Harn, central Rawai, and selected Bang Tao buildings. They may not always give the absolute highest yield, but the tenant pool is broader and easier for a beginner to understand.

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What neighborhoods should I avoid when buying a rental condo in Phuket?

For a beginner rental-condo investor in Phuket, the avoid list is mostly about weak buildings rather than entire districts.

Still, buyers should be most cautious in isolated Mai Khao, low-liquidity Kathu, older secondary Patong, and poorly located Wichit studios.

Mai Khao should be avoided by beginners unless the unit is in a proven rental-managed project. The area is attractive for quiet resort stays, but it lacks the daily tenant depth of Rawai, Patong, Kata, or Phuket Town.

Kathu should be avoided by beginners who need easy resale. It can rent to local and long-stay tenants, but foreign-buyer visibility is much weaker than in west-coast or south-coast lifestyle zones.

Older Patong should be avoided when the building has weak management, high arrears, poor lifts, old air-conditioning, bad noise exposure, or poor reviews. Patong demand is strong, but bad buildings age quickly.

Wichit studios should be avoided if the price is not very low. The model shows Wichit studios at only 4.7% net yield, below the Phuket average, because rents stay low while costs still exist.

Which neighborhoods are seeing rental demand weaken, and why, in Phuket?

Rental demand is weakening most visibly in over-supplied or narrow-demand segments of Kamala, Surin, Mai Khao, and some upper-end Bang Tao / Laguna stock.

The problem is not that these places are undesirable. The problem is that pricing, supply, and tenant depth are becoming more selective.

CBRE's H2 2025 market context in the raw dataset showed that new Phuket condo launches fell 16.5% half-on-half because of sizeable future supply, while newly completed projects materially increased completed supply.

That creates more competition for similar units. A buyer can still rent well in these areas, but the unit needs a clear advantage such as beach access, sea view, strong management, hotel-style rental program, or limited competing supply.

Kamala and Surin are especially sensitive because high-end tenants are fewer. The raw market context noted a 24% occupancy decline in Kamala hotel-market terms and weaker Surin occupancy despite high ADR growth.

The recommendation is to monitor, not blindly avoid. Buy only if the entry price already reflects slower leasing, or if the building has a defensible rental advantage.

Which neighborhoods are seeing new developments that could create stronger rental demand in Phuket?

The neighborhoods where new development could strengthen rental demand are Bang Tao, Cherng Talay / Laguna, Chalong, Rawai, Kamala, and Phuket Town / Wichit.

New supply can help or hurt, depending on whether it brings tenants or just more competing units.

Bang Tao and Cherng Talay / Laguna benefit from lifestyle development, hotels, restaurants, beach clubs, wellness, international services, and family demand. The rental mechanism is clear: more amenities make the area more livable for long-stay foreigners.

Chalong and Rawai benefit from south-island services, gyms, marinas, schools, cafés, and long-stay foreign demand. These are not only holiday markets, they are everyday living markets.

Phuket Town and Wichit benefit from local employment, hospitals, shopping, schools, and administrative functions. They are less exciting for tourists but more resilient for local long-term rental demand.

The trade-off is supply pressure. The raw market context already showed 33,704 condo units across 124 active condo projects in Phuket, so investors should prefer differentiated buildings rather than generic new units.

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Which neighborhoods have become less attractive for condo investors over the last 12 months in Phuket?

The neighborhoods that became less attractive for yield-focused condo investors over the last 12 months are Surin, Kamala, some Bang Tao / Laguna projects, and isolated resort-style Mai Khao stock.

The main issue is yield compression and leasing competition.

The raw market context reported a Phuket condominium median price of THB 144,000 per sqm and branded condos averaging THB 181,000 per sqm. When prices rise faster than sustainable rents, net yields compress.

Surin shows that pressure clearly. A 2-bedroom condo is modeled at THB 14.4 million and THB 85,000 monthly rent, but the net yield is only 4.6%.

Kamala and premium Bang Tao / Laguna stock can face the same problem when service costs, branded pricing, and competing supply eat into the rent premium.

These are still good places to live. The warning is only for rental-income buyers. A lifestyle buyer may accept a lower yield, while a beginner yield buyer should negotiate harder or choose a less premium building.

Which condo types are becoming harder to rent in Phuket, and in which neighborhoods?

The condo types becoming harder to rent in Phuket are small studios in oversupplied tourist buildings, expensive 2-bedroom units in high-fee luxury projects, and poorly located older units.

The issue is not unit size alone. It is price, building quality, location, and tenant match.

Studios are most vulnerable in Patong, Bang Tao, and tourist-heavy new-build zones if many similar units compete for the same short-stay renter. A studio can still work, but only when the rent is low enough and the building is genuinely convenient.

Two-bedroom condos become harder in Surin, Kamala, and premium Bang Tao / Laguna when total monthly rent rises above the depth of the tenant pool. Surin 2-bedroom condos rent for about THB 85,000 per month, but net yield is only about 4.6% because the purchase price and costs are high.

One-bedroom condos remain the most durable Phuket rental product. They work for singles, couples, digital workers, retirees, and medium-stay foreigners, and they do not require the same capital outlay as 2-bedroom units.

The beginner recommendation is clear: buy a well-located 1-bedroom first. Negotiate harder on studios in generic buildings and on 2-bedroom units in high-fee luxury projects unless the rental history is proven.

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INSIGHTS

These insights are drawn from the Phuket condo rental yield dataset, with a focus on what a foreign individual buyer should understand before buying a residential condo to rent out.

You’ll find even more insights in our our real estate pack about Phuket.

  • Phuket gross yields look strong, but net yield is the real investor number. Across the model, gross yield averages about 7.5%, while net yield averages about 5.3%, which shows how much ownership costs can absorb.
  • Patong 2-bedroom condos show the strongest simple income profile, with about 6.0% modeled net yield. The yield is attractive, but the owner must accept higher turnover, more guest management, and more wear and tear.
  • Kata is one of the cleanest yield markets in Phuket. A 1-bedroom condo at THB 7.2 million and THB 50,000 monthly rent produces about 5.7% net yield without relying only on a low purchase price.
  • Rawai and Nai Harn are useful for buyers who want more stability. Their demand comes from long-stay foreigners, retirees, digital workers, and lifestyle tenants, not only short holiday stays.
  • Chalong and Phuket Town are practical income markets rather than prestige markets. Their lower entry prices can make net yields look strong, especially for 1-bedroom and 2-bedroom condos.
  • Kathu is cheap and can show high net yield, but liquidity risk is real. A strong spreadsheet return is less useful if the resale buyer pool is narrow.
  • Bang Tao has deep tenant demand, but newer amenities and resort-style buildings can make the net yield lower than the gross yield suggests.
  • Cherng Talay / Laguna earns high rents, but premium pricing and branded condo costs can compress net returns. The area may suit lifestyle and capital preservation buyers more than maximum-yield buyers.
  • Surin is the clearest example of prestige not automatically becoming yield. The area can command high rents, but the modeled net yield is only around 4.6% to 4.7% across unit types.
  • Mai Khao depends more on resort demand and airport access. That can work in a proven rental-managed project, but long gaps between tenants can damage net income quickly.
  • Wichit studios look weak because rents stay low while ownership costs still exist. A low purchase price is not enough when the monthly rent does not support the yield.
  • One-bedroom condos are the safest beginner format in Phuket. They average about 5.4% net yield, attract a broader tenant base than studios, and need less capital than 2-bedroom condos.
  • Two-bedroom condos can produce high absolute rent, especially in Patong, Kata, Rawai, and Nai Harn. The buyer should still check furnishing costs, maintenance exposure, and the size of the tenant pool at higher rent levels.
  • High-fee buildings need stricter yield testing. Pools, gyms, security, elevators, branded management, and sea-view facilities can help rentability, but they also increase the haircut from gross to net yield.
  • The most important Phuket condo risk is building-level quality. Juristic management, common-area condition, maintenance reserves, rental rules, parking, reviews, and owner mix can matter more than the neighborhood name.

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OUR METHODOLOGY TO BUILD THIS TRACKER

To estimate purchase price, monthly rent, and rental yield in different Phuket neighborhoods, we built our own analysis manually from the ground up by neighborhood and condo type. For each area, we looked separately at studio condos, 1-bedroom condos, and 2-bedroom condos, using comparable residential condo segments.

We did not reuse a third-party rental-yield dataset. We manually researched current residential sale and rental listings across major Thailand property platforms relevant to Phuket, including FazWaz, Thailand Property, and DDproperty.

For each neighborhood and condo type, we first collected comparable sale listings. We then removed duplicates, excluded non-comparable properties, filtered out unrealistic asking prices, and cleaned out luxury outliers, distressed assets, serviced-style offers, incomplete listings, and other properties that would distort the estimate.

Sale prices were normalized where possible using location, property type, size, condition, and listing quality. We used the median price as the main reference where the sample allowed it, and the average only when the sample was clean enough to avoid being distorted by outliers.

We built the rental side separately. For the same neighborhood and condo type, we manually collected rental listings, removed outliers and non-comparable listings, and estimated a realistic monthly rent using the median rent where possible.

Purchase prices and rents were researched separately, then matched by neighborhood and condo type to estimate gross rental yield. Gross rental yield is calculated as annual rent divided by estimated purchase price.

To estimate net yield, we avoided applying one flat discount to every Phuket condo. The deduction was adjusted by neighborhood and condo type because different condo buildings have different cost structures, vacancy risks, service charges, maintenance exposure, management costs, agent fees, tax friction, insurance costs, repair needs, and common-area fee burdens.

For Phuket condos, we pay special attention to building-level factors when available. These include condo fees, common-area maintenance, reserve or sinking-fund contributions, rental management quality, building age, short-stay exposure, tenant depth, vacancy risk, and resale liquidity.

Each estimate is assigned a confidence level based on the quality and size of the comparable listing sample. Around 30 to 40 comparable listings means higher confidence, 20 to 30 comparable listings means usable but less robust, and fewer than 20 comparable listings means directional only unless the comparable area is widened.

These estimates are updated regularly and should be read as structured market estimates, not guarantees of future rental income. Honesty, quality, and rigor are at the core of our work, and they are also what you will find in our real estate pack about Phuket.

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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.