Phuket Property Market April 2026: Prices Up 15–20%, Q2 Demand Still Strong

Phuket’s property market closed Q1 2026 with continued momentum — off-plan prices rising, inventory tightening, and a steady stream of foreign buyers entering the market. Here is what the numbers look like as we head into Q2.

Off-Plan Prices Up 15–20% Year-on-Year

The most significant trend of the quarter: off-plan condominium prices in Bang Tao and Kamala have increased 15–20% compared to Q1 2025. The primary driver is constrained land supply in these beachside corridors combined with sustained developer demand from buyers who secured units at pre-launch pricing 12–18 months ago.

Entry-level units that launched at $95,000–$110,000 in early 2025 are now pricing at $120,000–$135,000 in comparable projects. Branded residence developments in Kamala are quoting from $280,000 for one-bedroom units with sea-view premiums.

Who Is Buying

Foreign demand remains broad-based. English-speaking markets — the United States, Canada, and the United Kingdom — account for the largest share of inquiries at MORE Group, followed by France and Germany. The combination of a favourable THB exchange rate, freehold ownership rights for condominiums, and projected rental yields continues to attract both lifestyle and investment-oriented buyers.

Popular entry price ranges:

• $120,000–$250,000 — investor-focused units in managed rental programs
• $300,000 and above — lifestyle buyers prioritising location, view, and finish quality

Sales Velocity: Selected Projects

Some projects are moving faster than anticipated. Aura Residence in Rawai reached 73% sold within weeks of breaking ground — a signal that demand at the right price point and location remains strong even outside the Bang Tao–Kamala corridor. Projects with hotel-managed rental pools tend to sell through more quickly, as buyers value the guaranteed occupancy infrastructure.

Rental Yields Holding at 8–10%

Managed rental programs continue to deliver projected yields of 8–10% annually. These figures reflect high-season occupancy at 80–90% and are supported by professional property management companies operating on-site. Unmanaged units typically yield less, with owners taking on direct booking and maintenance responsibilities.

What to Expect Through 2026–2027

As construction projects scheduled for 2026 and 2027 delivery approach completion, prices on remaining inventory are expected to rise further — developers typically increase asking prices as build milestones are reached. Buyers who entered at pre-launch pricing stand to see 20–30% capital appreciation by handover.

For Q2 2026, the key variable is how much new supply enters the market. Several developers have announced launches for May and June. If absorption keeps pace with 2025 levels, pricing pressure is likely to continue upward.

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MORE Group is a Phuket-based real estate agency. We work exclusively on a 0% buyer commission model. Contact us to receive a curated selection of off-plan projects available in April 2026.