Connect with us


By The Book: Property market trends in the second quarter



PHUKET: As we enter the second quarter of 2017, the real estate market in Phuket remains slow.

There are ‘pockets’ of demand: there is demand for freehold condos and discounted resale properties. Inquiries from the Thai domestic market are picking up and the condo market in Bangkok is doing well, with many developers there reporting strong sales so far this year.

During the past high season, rental occupancy on pool villas was very good, with many villas experiencing high occupancy rates, albeit at rental rates which were lower than in peak years. It is true to say that the current market remains challenging, but there are reasons to be positive about the not-too-distant future.

Like markets the world over, Phuket’s real estate market will experience ups and downs.
In 2014, Phuket real estate prices were at a peak, but the subsequent crash in oil prices and Russia’s economic downturn brought an end to it, and prices have come down since.

This is not necessarily a bad thing as markets get overheated and need a correction. They cannot go up in a straight line forever.

A correction will eventually bring in new buyers and can lead to a new sustained boom. Look at the US stock market which reached record highs this month after being written off by so many.

It is always difficult to time markets. However, prices have come down to a level where we are seeing increasing buyer interest as measured by the number of inquiries.

This should signal that the bottom of the market is being reached, with more people looking to buy in, and the argument for a bright future for Phuket is much stronger than the alternative.

The elections due next year, new 50-year leases for foreigners being mooted, infrastructure improvements, a new constitution in place and continued stability with ever-growing tourist numbers, coupled with current lower real estate prices, could lead to the next real estate boom here. For those with cash sitting idle in the bank at record low interest rates, it is a good time to be a buyer in Phuket and put that money to work.

For more information about this article, contact Kevin Hodges, Siam Real Estate (SRE) – Tel: 076-324042; Email:; Web:

— Kevin Hodges


Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

Follow Thaiger by email:

Thailand12 hours ago

Thailand News Today | Thais more relaxed about Covid-19

Bangkok12 hours ago

‘Win’ motorbike taxi drivers protest against GrabBike in Bangkok, Thailand

World12 hours ago

China not cod-ing about its zero Covid policy as it tests fish

Travel12 hours ago

Affordable but stylish hotels in Koh Samui for your next holiday

Thailand12 hours ago

Female soldier seeks help after being abused by senator’s wife

Crime13 hours ago

2 fake monks make up to 40k baht per day scamming villagers in northern Thailand

Join the conversation on the Thaiger Talk forums today!
Crime14 hours ago

Man stabs wife’s secret lover to death in rice paddy in central Thailand

Thailand14 hours ago

Thailand movie legend Sombat Metanee has died, aged 85

Crime15 hours ago

Teen soldier murders cousin for allegedly raping his mother

Video15 hours ago

Thaiger Unfiltered

World16 hours ago

Monkeypox victims told to avoid animals after pet dog is infected

Thailand16 hours ago

Elephant rips mahout’s body in half in southern Thailand

Thailand17 hours ago

2 men on a motorcycle rob a gas station in Chon Buri

Thailand18 hours ago

PM Prayut suggests studying Buddhism to cope with rising electricity bills in Thailand

Thailand18 hours ago

Indian man arrested for smuggling 17 live animals out of Thailand

Thailand11 months ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand1 year ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism1 year ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket1 year ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism1 year ago

Phuket Thai food treats you need to try | VIDEO

Thailand1 year ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism1 year ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11