The Ultimate Phuket Real Estate Guide
PHUKET
The KVARIS real estate agency team has compiled key information about real estate in Thailand for you.

  • We will explain how the Phuket real estate market works.
  • We will answer the key questions of investors and buyers.
  • We will help you choose the ideal property for living, vacation, or income.
WELCOME!
about us
  • 17 years of experience in sales and real estate.
  • I live in Phuket myself.
  • I help you invest wisely.
Founder of KVARIS agency
VICTOR AFANASENKO
«For me, real estate is not only an investment but also an opportunity to help people find the perfect place to live or vacation.
I value transparency, trust, and mutually beneficial cooperation.»
PROFESSIONAL TEAM
13 years of experience in the UK, Czech Republic, Poland, Russia, Belarus, and Thailand.
We know how different markets work and will help you avoid mistakes.
INTERNATIONAL APPROACH
Clients from all over the world trust us: from the UAE, Canada, Australia, Poland, Kazakhstan, and Russia.
We understand the needs of investors, families, and those looking for a second home abroad.
about us
END-TO-END SUPPORT
We guide the client through all stages: from property selection to receiving the keys to property management for rentals.
ONLY VERIFIED PROPERTIES
In our database: more than 300 properties.
We work only with reliable developers whose reputation and legal integrity are confirmed.
Each property undergoes an internal audit:
  • documents;
  • warranty obligations;
  • construction stages;
  • company track record.
With us: only verified information, honest projections, and an attentive approach to every purchase.
Thailand
A country where unique nature, favorable climate, and a stable economy harmonize perfectly.
LOW INFLATION
In 2023, inflation in Thailand was only 1.25%. In 2024 - 0.4%.
Over the last 10 years, it has not exceeded 2%.
STABLE CURRENCY
The Thai Baht (฿) to USD exchange rate has been stable for over 10 years.
Baht exchange rate dynamics vs USD over 10 years
FAVORABLE POLITICAL CLIMATE
  • Absence of conflicts.
  • Good relations with neighboring countries and political neutrality.
Thailand
YEAR-ROUND SEASON
8th place in the list of the most visited countries in the world (according to analytics from the World Population Review portal).
REAL ESTATE APPRECIATION
Since 2008, the Thai market has been growing steadily:

  • +5-7% per year - average price growth nationwide;
  • +8-10% per year - in popular locations such as Phuket.
Thailand is actively developing its infrastructure, strengthening its tourism and investment potential.
Real estate here is not only about a beautiful life by the sea but also about sustainable capital growth.
Phuket
PHUKET IS THAILAND'S LARGEST ISLAND, KNOWN FOR:
  • pristine white beaches;
  • tropical nature;
  • developed infrastructure.
Climate: tropical, average temperature +30°C year-round.
Only 20% of the island’s area is available for residential development.
Only low-rise construction is allowed: 23 meters or up to 8 floors is the maximum development height.
Over the last 10 years, real estate values in Phuket have grown by 56% (in USD).
Land scarcity leads to annual appreciation of real estate.
Phuket
PHUKET IS A KEY TRANSPORTATION HUB OF SOUTHEAST ASIA
with convenient connections by land, sea, and air.
Construction of a second airport — capacity +22.5 million per year.
AIR CONNECTIVITY
54 airlines operate flights to 67 destinations, with direct flights to 22 countries.
In 2023, the airport welcomed 17.2 million passengers — a growth of +19% compared to 2022. In 2024, there were over 10 million international passengers.
MARITIME ROUTES
To date, 4 large marinas operate in Phuket (Boat Lagoon, Royal Phuket Marina, Ao Po Grand, Phuket Yacht Haven with ~320 berths)
Marina Phuket Yacht Haven is one of the largest in SE Asia; it hosts hundreds of yachts annually and is expanding.
LAND CONNECTION
Modern roads; the entire island is connected to mainland Thailand via the Sarasin Bridge, simplifying logistics for tourists and residents.
districts
MAI KHAO / NAI YANG / NAI THON
Secluded beaches, proximity to the airport and Sirinat National Park with its walking trails are perfect for families with children and travelers seeking a quiet holiday.
BANG TAO, LAGUNA
A district with high investment potential: luxury hotels, villas, golf, and beach clubs. Lakes, pedestrian zones, restaurants, and shopping centers. For connoisseurs of luxury and comfort.
KAMALA / SURIN
Cozy, clean, and stylish beaches, popular among Europeans.
districts
PHUKET TOWN
Administrative center of the island. Suitable for tourists as a starting point to all key attractions or for long-term rental.
PATONG / KARON / KATA
70% of tourists choose them for their first visit. Beaches with hotel development and developed infrastructure. Patong is the center of nightlife, shopping, and entertainment. Kata and Karon are family-oriented and less noisy.
NAI HARN / RAWAI
A quiet district with an authentic atmosphere and Thai flavor. International schools, Muat Thai sports clubs, gorgeous viewpoints. Nai Harn is Phuket’s cleanest beach. Rental demand is year-round, stable income from 7%
questions
WHY SHOULD YOU BUY PROPERTY IN PHUKET?
CAPITAL PROTECTION
Real estate in Thailand is a tangible asset that reliably preserves money from inflation and exchange rate risks.
RENTAL INCOME
A steady tourist flow ensures high occupancy of rental properties and an income from 7% per annum.
CAPITAL APPRECIATION
Plus 5-10% per year, and during construction, the property grows in price by +30% — this opens excellent opportunities for resale with a profit even before project completion.
Demand for real estate is growing steadily, while the amount of land on the island is limited.
questions
WHY SHOULD YOU BUY PROPERTY IN PHUKET?
COMFORT FOR LIVING AND VACATION
Mild climate year-round, developed infrastructure, international schools, clinics, safety, and a high level of service — everything needed for comfortable living.
TRANSPARENCY AND SAFETY FOR FOREIGNERS
Foreigners can legally purchase real estate in full private ownership.
questions
CAN FOREIGNERS OWN AN APARTMENT IN THAILAND?
Thai legislation is based on the Anglo-Saxon legal system, which ensures transparency and security when buying real estate for foreigners.

Foreigners can become owners of apartments in condominiums provided that the share of foreign owners in the complex does not exceed 49%.
OWNERSHIP IS REGISTERED
IN TWO WAYS
Freehold — full ownership with unlimited holding period.
Leasehold — long-term lease for up to 90 years (in three 30-year stages).
All transactions are recorded with an official document - Chanote, which contains a full description of the property and is registered with the Land Department of Thailand, guaranteeing your rights.
questions
CAN FOREIGNERS OWN AN APARTMENT IN THAILAND?
An apartment in a residential complex can be acquired either in full ownership (Freehold) or as a long-term lease (Leasehold).

When purchasing an apartment, the owner gets a gated secured territory, full access to the complex's infrastructure, and can use:
  • pools;
  • gym;
  • playgrounds;
  • free parking;
  • other amenities.
Apartments in condominiums are sold fully finished:
  • with finishing;
  • built-in furniture.
When buying through our agency, cabinet furniture and household appliances are given as a gift in most cases.
questions
CAN FOREIGNERS OWN A HOUSE?
In Thailand, you can register a house or villa in full private ownership (Freehold). This means you become the full owner of the building, and it belongs entirely to you.

By Thai law, foreigners cannot own land directly. However, there is an excellent opportunity to register a long-term lease of the plot (Leasehold) for up to 90 years (three 30-year stages). This gives you all the rights to use the land.
At the same time, buildings constructed on leased land are always registered in your private ownership. Thus, you own your house even if the land under it is leased.
If you want to own land directly, it is possible through the creation of a Thai company — a standard and widely used practice.
questions
CAN FOREIGNERS OWN A HOUSE?
All transactions are officially registered with the land department and confirmed by a special document Chanote, which guarantees your property rights.

Thus, the system maximizes the protection of your interests and ensures comfortable and safe property ownership in Phuket.
Usually, houses are located in gated secured complexes and include:
  • private pool;
  • tropical garden;
  • parking space;
  • 100% privacy.
Such a property is ideally suited for:
  • living or renting out;
  • families with children;
  • business people who value quality and privacy.
Limited supply on the market creates high rental value and equally high demand.
purchase
REAL ESTATE PURCHASE ALGORITHM
DEPOSIT PAYMENT
AND CONTRACT SIGNING
After paying the deposit (usually ฿100k) the selected property is reserved for you. Next, we involve lawyers for signing the contract with the developer.
PROPERTY SELECTION
We will suggest 3-4 properties to choose from that meet your criteria. We will calculate the yield of your future property.
We will take you around all properties of interest. You will personally see everything and talk to the developers.
If you are buying remotely — we will come to the property ourselves and show you all the details via video link.
PROPERTY VIEWING
By phone, via WhatsApp or Telegram, we define the main criteria for your future property with you.
FREE CONSULTATION
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purchase
RECEIVING THE KEYS
At the end of construction — you arrive for the apartment inspection. This can also be done remotely. The developer registers and hands over the property documents for your real estate to you.
APARTMENT PAYMENT
Within 30 days after reservation, the first payment must be made. Standardly 30% of the cost.
Further payments — according to the installment schedule. Final payment upon receiving the keys.
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We make sure the process is as convenient and transparent as possible for you regardless of where you are located.
payment
YOU CAN PAY VIA
  • SWIFT transfer (payment to bank details);
  • Through companies that handle currency exchange and money transfers worldwide (Exchange 24 or ARBI)
  • USDT Cryptocurrency transfer to the developer’s crypto wallet


Unlike most countries, Thailand does not verify the source of funds.
PROPERTY TAX
For residential buildings, it depends on the cadastral value and has these maximum values for individuals:
  • Value from ฿1 to ฿40M — tax rate 0.02%;
  • Value from ฿41 to ฿65M — 0.03%.
Our company will help with any types of payments.
ownership types
PROS AND CONS OF OWNERSHIP TYPES:
FREEHOLD AND LEASEHOLD
FREEHOLD PROS
Foreigners can own apartments in condominiums in their own name.
Ownership period is unlimited.
The owner can freely dispose of the property (sell, mortgage, transfer to heirs).
Owners have the right to vote at general meetings of owners.
Property taxes in Thailand are relatively low.
FREEHOLD CONS
The cost of property with Freehold increases by about 10% due to the surcharge for the foreign quota.
Registration fees and transfer taxes total up to 6.3% of the property value.
ownership types
PROS AND CONS OF OWNERSHIP TYPES:
FREEHOLD AND LEASEHOLD
LEASEHOLD PROS
Buying property as a lease is cheaper than buying in full ownership: the cost is 10-15% lower.
The owner can dispose of the property (sell, rent out, transfer to heirs), while it is not mandatory to declare it.
Wide range of properties for foreigners: villas, apartments, townhouses, separate houses.
Lease right registration costs less than 1.1% of the value than registering Freehold.
LEASEHOLD CONS
Lease term is limited to 90 years (30+30+30). Every 30 years, 1.1% must be paid for registering a new lease agreement.
The tenant does not have the right to vote at general meetings of property owners.
Transactions with the property (e.g., resale) occur with the participation of the lessor (developer) or the land owner.
additional costs
ADDITIONAL COSTS UPON PURCHASE
SINKING FUND: contribution to the capital repair fund
A one-time payment made at the time of receiving the keys from the developer from ฿500 to ฿1000 per sq.m. Absent when buying housing on the secondary market.
COMMON FEE: annual maintenance fee
Averages ฿65-85 per sq.m. per month. Paid in advance for the entire year. Covers maintenance costs of the complex (cleaning of common areas, garbage removal, pool cleaning, etc.). Water and electricity are paid separately, according to meters.
METER INSTALLATION FEE: installation of water and electricity meters
Additional costs for installing water and electricity meters from ฿15k to 20k one-time.
additional costs
EXAMPLE OF ADDITIONAL COSTS
FOR THE TITLE KATABELLO COMPLEX
One-bedroom apartment 32 sq.m. - ฿4,620,800 / $140,000
  • ฿27,200 - sinking fund ฿850 per sq.m. one-time upon key handover.
  • ฿15,000 - payment for meter installation, one-time.
  • ฿35,700 - maintenance fees ฿85 per sq.m./month payment once a year in advance.
  • Leasehold registration (lease up to 90 years) - 1% of cost - ฿46,208 every 30 years.
TOTAL ADDITIONAL COSTS
  • for Leasehold registration - ฿124,108 / $3,824.
TOTAL COST
  • of the turnkey apartment in Leasehold - ฿4,744,908 / $146,200.
income
PROPERTY MANAGEMENT:
INVESTMENT PROGRAMS
Buying property in Phuket is a reliable source of passive income in foreign currency, and wise management of property allows you to recoup investments in 8-12 years.
GUARANTEED INCOME PROGRAMFROM THE DEVELOPER
Fixed percentage per annum (usually 5-6%)
Pros:
stable income, minimal owner participation.
Cons:
income may be lower than market, there are owner stay restrictions.
MANAGEMENT VIA MANAGEMENT COMPANY
(developer, external, or via agent)
Income 7-10% per year
Pros:
professional management, transparent reporting, all issues resolved by the MC.
Cons:
important to choose the right management company. MC services cost 20-30% of the profit.
income
YIELD CALCULATION EXAMPLE FOR AN APARTMENT
Title Serenity Naiyang based on a real client case
A one-bedroom apartment in the Title Serenity complex was purchased for ฿3,665,867 / $113,053, including all transaction costs.
INCOME
  • Average rental rate on a yearly contract ฿32,000 / $987 per month.
  • Yearly income will be: ฿384,000 / $11,842.
EXPENSES
  • Maintenance fees: ฿27,900.
  • Management fee: ฿32,000.
  • Income tax (5%): ฿16,205.
  • Total expenses: ฿76,105 / $2,347
PROFIT
  • Net income: ฿307,895 / $9,495
  • Percentage yield: 8.4% per annum in foreign currency.
questions
WHY DO MANY CHOOSE PHUKET FOR LIVING?
CLIMATE AND PRODUCTS
Warm sea air, abundance of greenery, and high-quality local products contribute to a healthy lifestyle.
INFRASTRUCTURE
The island has everything for a comfortable stay: kindergartens, international schools, hospitals, shopping centers, entertainment for every taste.
ECOLOGY AND NATURE
Over 50% of the territory is occupied by national parks and reserves. There are no large industrial enterprises in Phuket.
SAFETY
Minimum crime level, the possibility to leave house or car doors open without concern.
questions
WHY DO MANY CHOOSE PHUKET FOR LIVING?
COMMUNITY
  • A vibrant international community of over 30,000 expats, including Western Europeans and English speakers from around the globe.
  • 16 international schools have opened on the island over the last 20 years.
  • 5th place in the world is held by Thailand in the ranking of health system efficiency (GHS Index).
  • 3 global religious communities have representation in Phuket.
STABLE ECONOMY
Low inflation (below 1.2% per year). Stable currency and growth of real estate prices (up to 60% over the last 10 years) attract investors from all over the world.
POPULARITY AND TOURISM
Phuket is a global resort with a growing tourist flow: over the last 20 years, their number has increased 5 times.
POLITICAL STABILITY
Thailand maintains peace and stability over a long period, despite political changes.
WHY DO BUYERS AND INVESTORS CHOOSE US FOR PROPERTY SEARCH IN PHUKET?
KVARIS AGENCY:
  • Guarantee of transaction integrity.
  • Comprehensive support: from object selection to successful completion of the deal and registration of all documents.
  • Personal support at all stages, including assistance with transferring funds to the developer's settlement account.
  • We work only with verified developers and recommend properties in which we have invested ourselves.

Feel the joy of life in Phuket and make a profitable investment!