Phuket Condos for Sale: A Foreign Buyer’s Guide to Tropical Real Estate

Have you ever dreamed of waking up to the sound of waves crashing gently on a tropical beach? How about owning a modern, sea-view condo in a paradise destination like Phuket? You’re not alone. In 2025, more international buyers than ever are turning to Phuket condos for sale—whether for personal use, retirement, investment, or vacation purposes.

But buying real estate in a foreign country can be intimidating, especially when laws, taxes, and processes are different from your home country. That’s why we’ve created this comprehensive, step-by-step guide for foreign buyers interested in Phuket’s vibrant condo market.

Whether you’re a first-time investor or a seasoned international property buyer, this article will walk you through everything you need to know about owning a condo in Phuket—from legal frameworks to budgeting, finding the right location, and navigating Thailand’s real estate market with confidence.

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Why Phuket?

Phuket is the largest island in Thailand and one of Asia’s most sought-after real estate destinations. With over 30 picturesque beaches, a booming tourism industry, and a lifestyle that combines affordability with luxury, it’s no surprise that foreigners are flocking to invest in condos here.

Here’s why:

✅ International Appeal

Phuket is a magnet for tourists, retirees, and digital nomads from around the world. Its strong infrastructure, English-speaking locals, international hospitals, and global cuisine make it incredibly livable for foreigners.

✅ Affordable Beachfront Living

Condos with sea views or beach access in places like Kamala, Kata, or Bang Tao are available from as low as $90,000 to $200,000 USD.

✅ Legal Foreign Ownership

Foreigners are legally allowed to own condos in Thailand, making it the most straightforward property type for international buyers.

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What Can Foreigners Own in Thailand?

Thailand’s real estate laws are strict when it comes to land ownership, but condominiums are the legal exception.

Foreigners Can:

• Own 100% of a condo unit (in their own name)

• Hold freehold title to the unit

• Own multiple units (as long as the building quota allows)

Foreigners Cannot:

• Own land directly (except via lease or company structure)

• Own more than 49% of the total floor space in a single condo development

✅ Pro Tip:

Always ensure the unit you’re buying falls within the foreign ownership quota (not already owned by Thais or other foreigners). Your lawyer or agent can verify this.

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Steps to Buying a Condo in Phuket as a Foreigner

Let’s walk through the exact process, step-by-step:

Step 1: Research and Select Location

The first step is choosing your ideal area. Each part of Phuket has a different vibe, price range, and rental potential.

Step 2: Choose a Reputable Real Estate Agent

Find an agent experienced in working with foreign buyers. They can:

• Show you condos within your budget

• Explain legal requirements

• Negotiate deals

• Connect you with a lawyer

Step 3: Hire a Thai Real Estate Lawyer

Hiring a lawyer is essential to:

• Perform title searches

• Verify foreign ownership quota

• Draft/review contracts

• Assist with transfer and taxes

Estimated legal fees: $1,000 – $2,500 USD

Step 4: Reserve the Condo

Once you’ve chosen a unit, the seller or developer will ask for a booking deposit (typically $2,000–$10,000).

This holds the property for you while paperwork is finalized.

Step 5: Sign the Sales & Purchase Agreement

This contract outlines:

• Purchase price

• Payment terms

• Handover conditions

• Completion date

If you’re buying a resale unit, full payment is usually due within 30–60 days.

For off-plan condos, payments may be split across construction phases.

Step 6: Transfer Funds Legally

All funds must be sent into Thailand in a foreign currency and converted to Thai Baht by a Thai bank. This is to comply with regulations and prove your eligibility for foreign ownership.

Request a Foreign Exchange Transaction (FET) form from the bank—this will be needed at the Land Office during the transfer.

Step 7: Ownership Transfer at Land Office

Your lawyer and agent will accompany you to transfer ownership and register the condo under your name. This is when you officially become the legal owner.

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How Much Do Condos in Phuket Cost?

Prices vary based on location, view, and project. Here’s a quick look at 2025 condo pricing:

Luxury branded residences (like MontAzure or Laguna) can go up to $1M+, but there are plenty of high-quality, affordable condos under $200K.

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Ongoing Costs and Taxes

Owning a condo comes with a few regular costs. Here’s what to budget for:

Ongoing Fees

• Maintenance fees: $1.5 – $3.5 per m²/month

• Sinking fund: One-time payment for building repairs

• Utilities: Electricity, water, and internet are very affordable

Taxes at Purchase

• Transfer fee: 2% of registered value (often split buyer/seller)

• Withholding tax: 1% (resale condos)

• Specific Business Tax: 3.3% (if sold within 5 years)

Rental Income Tax

If you plan to rent your condo out, expect to pay 5% to 15% income tax depending on earnings.

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Renting Out Your Condo

Phuket’s strong tourism sector makes renting your condo a profitable option. Here’s what you need to know:

✅ Short-Term Rentals

Popular on Airbnb and Booking.com, especially near tourist beaches. Some condos provide hotel-style rental management with concierge, housekeeping, and online listings.

✅ Long-Term Rentals

Expats, digital nomads, and retirees often seek 6- to 12-month rentals in quieter areas like Rawai, Nai Harn, and Kata.

Rental yields range from 6% to 10% annually, depending on location, property, and marketing.

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Phuket’s Real Estate Trends in 2025

Phuket’s property market is thriving. Here are the top trends this year:

1. Branded Residences on the Rise

Projects by InterContinental, Wyndham, and Cassia offer hotel-style living with guaranteed rental income and higher resale values.

2. Green & Smart Condos

Buyers are demanding sustainability—solar panels, energy-efficient cooling, and digital smart-home systems are standard in many new developments.

3. Off-Plan Opportunities

Buying condos before completion allows lower pricing and flexible payments. Just make sure the developer is reliable and well-capitalized.

4. Foreign Demand Growing

Buyers from Russia, China, South Korea, and Europe are investing in Phuket’s condos, especially in beach and resort areas.

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Common Buyer Mistakes to Avoid

1. Skipping Legal Advice – Always hire a lawyer.

2. Not Checking Foreign Quota – If full, you can’t legally own.

3. Underestimating Maintenance Fees – Know the long-term costs.

4. Choosing the Wrong Location – Don’t buy in a quiet zone if rental income is your goal.

5. Buying Without Visiting – If possible, always view the property or do a virtual tour.

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Can I Get a Visa by Buying Property?

Currently, buying a condo does not grant automatic residency, but there are excellent visa options that complement property ownership:

Thailand Elite Visa

• 5–20 year stay

• Starts at ~$15,000

• VIP entry, airport service, healthcare access

Retirement Visa (O-A or O-X)

• Age 50+

• Proof of income or savings

• Renewable annually

These visas are commonly used by foreign property buyers who plan to stay long-term.

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Conclusion: Your Tropical Investment Awaits

Owning a condo in Phuket is not just a lifestyle upgrade—it’s a smart financial move. With legal pathways for foreign ownership, solid rental returns, and access to stunning beachfront property at reasonable prices, Phuket condos for sale represent one of the best international real estate opportunities in 2025.

Whether you’re escaping cold winters, diversifying your investments, or planning your retirement, Phuket delivers sun, sea, and smart value in one irresistible package.