Reference
·Supporting source
Phuket residential transaction price index (2020-2024)
~+25-30% cumulative (2020-2024)
Phuket residential transaction prices rose roughly 25-30% cumulatively from 2020 to 2024 per REIC's Provincial Residential Property Price Index, materially outperforming the Bangkok-Greater Bangkok index which was effectively flat over the same period. Pool-villa and branded-residence supply tightened against record foreign tourism receipts and a wave of Russian and Chinese buyers post-2022. Prime Bang Tao, Layan, and Kata-Karon land prices doubled in some sub-areas. Phuket Sandbox (2021) and the Long-Term Resident visa (Sep 2022) accelerated the demand inflow.
Figure in context
Phuket residential transaction prices rose roughly 25-30% cumulatively from 2020 to 2024 per REIC's Provincial Residential Property Price Index, materially outperforming the Bangkok-Greater Bangkok index which was effectively flat over the same period. Pool-villa and branded-residence supply tightened against record foreign tourism receipts and a wave of Russian and Chinese buyers post-2022. Prime Bang Tao, Layan, and Kata-Karon land prices doubled in some sub-areas. Phuket Sandbox (2021) and the Long-Term Resident visa (Sep 2022) accelerated the demand inflow.
Interpretation notes
What this tells you
Phuket residential transaction prices rose roughly 25-30% cumulatively from 2020 to 2024 per REIC's Provincial Residential Property Price Index, materially outperforming the Bangkok-Greater Bangkok index which was effectively flat over the same period. Pool-villa and branded-residence supply tightened against record foreign tourism receipts and a wave of Russian and Chinese buyers post-2022. Prime Bang Tao, Layan, and Kata-Karon land prices doubled in some sub-areas. Phuket Sandbox (2021) and the Long-Term Resident visa (Sep 2022) accelerated the demand inflow.
What not to do with it
Indexed to 2020 = 100. Phuket transaction price index, not nationwide. REIC Provincial RPPI methodology.
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