Villas are a popular choice in Phuket and are offered by many developers who have seen the demand in this sector. Most can be considered ’luxury properties’, stylishly built in tropical Asian contemporary design, with good seafront locations and big price tags. Mostly these types of villas are sold as part of an exclusive project, but some stand alone villas can be found. As the land they are built on cannot be owned by foreigners a round-about ownership structure is created.
Property in Phuket is booming, and villas tend to be a popular investment for foreigners in part due to Phuket’s tropical setting. With lovely beaches and a hilly interior that provides fantastic views and opportunities for secluded developments.
Prices for selected properties have been seen to risen by 50 to 100 per cent between the launch of a project and the transfer of title deeds. Although condos and residential houses also make up the property market, it is villas that have gained the most demand in recent years since they most effectively fit the typical lifestyle model that is desired. For foreigners that are thinking of buying a villa in Thailand, Phuket is usually the first choice.