Phuket real estate market — prices, rental yield and trend
- Gross rental yield: 6.07%
- 12-month price change (USD): -2.9%
- Net rental yield: 5.87%
- Transaction cost: 7.5%
- Bubble-risk band: moderate
- Price basis: local-market average
Phuket is one of the 123 property markets Glopra tracks.
What a buyer pays in Phuket
Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 7.5% of the price here. That is below the 10.2% median across the set, which shortens the time it takes for a purchase to break even.
What it earns
The typical home here lets for about $610 a month against a purchase price of $120,500, which is 6.1% gross before tax. Neither figure is quoted per square metre in this market, but both come from the same source, so the ratio between them holds. It ranks 37th of 88 markets by gross yield. Rental income is taxed at 0.9–15% — the rate is not a single number here. That is the difference between 5.2% and 6% net on the same property. The 5.9% net figure we publish uses 3.4%.
How the tax works. Progressive: a 30% lump-sum expense deduction for buildings, a THB 60,000 personal allowance and a THB 150,000 zero band (Revenue Code § 40(5), Royal Decree 11 § 5), then the progressive scale, which gives about 1–6% across typical rent levels. The upper end of 15% is the § 50(2) withholding, which is not final for a non-resident individual but becomes the effective burden if the owner never files a return. This is the weakest-supported figure in the set; local confirmation is advisable. Residential letting is VAT-exempt. Source: HLB Thailand.
Where the price sits against its own history
Today’s level sits 15.7% above the country’s own long-run trend. A gap that size does not have to close, but it is the number to watch. Glopra’s bubble-risk score for Phuket is 34 out of 100 — moderate risk. Of the 58 markets scored, 53 read higher. This is a simplified reading: fewer than three index components are available for this market, so treat it as indicative rather than comparable with fully scored markets.
Who can buy in Phuket
Condo freehold (49% cap); land not permitted. That is the rule a foreign buyer meets first, not legal advice — check the current position locally before you commit.
How this figure is built
The price figure for Phuket is built from asking prices from listings. It was last refreshed on 2026-09-22. We rate our confidence in this market’s data medium: the series is usable, but thinner or less current than our best-covered markets. We recompute every market the same way, which is what lets Phuket be compared with a country average or another city.
Sources: C9 Hotelworks Phuket Property Market Update May 2025 · c9hotelworks.com · thethaiger.com · airbtics.com. Snapshot: 2026-09-22.
Latest Phuket market analysis
- Chiang Mai Is Left With 11,353 Unsold Homes While Chiang Rai Needs 96 Months to Clear — 2026-09-26
- Bangkok Condominium Sales Rose 19.5% in Q2 While House Sales Fell 11.4% — 2026-09-23
- Thailand's Eastern Economic Corridor housing transfers rise 17% in H1 2026 as condominium permits double — 2026-09-15
- Thailand Property Taxes and Buying Costs: What a Foreign Buyer Actually Pays (2026) — 2026-08-03
- Thailand Property Market: Bangkok Prices, Phuket Yields and the 2026 Numbers — 2026-07-03
- Thailand's Property Market in 2026: Prices, Yields and Honest Risks — 2026-07-03
- Thailand: Foreign Property Ownership and the Buying Process in 2026 — 2026-07-03
Related markets: Thailand · Chiang Mai · Pattaya · Bangkok