How much is the “normal” price for a property in Phuket and Thailand?


There is no such a thing as a "normal" price for a property in Thailand. To determent to price for a property, there are lots of factors that coming together and all of them together will determent the selling price of a property in Thailand. Here are a few important price determent factors. First of all there is the most important factor and that is location. You will see the impression often "location, location, location" and that is what it is all about. You can buy yourself a nice comfortable little house even with a swimming pool for less then 1 m Thai Baht . But that will be in the north of the kingdom in the middle of nowhere. You will have to drive 2 hours to find a commercial area. That same house in commercial tourist areas will cost you 35 million Thai baht. But then you are on a walking distance to the commercial area and tourist attractions. Aside the location, there is the cost of a swimming pool that increases the building price with a amount between 500.000 and 1.5 m THB. The quality of the building material will make a jump in price if that is very high. If a specific property is very exclusive, for example the last sea view condo in the sold out Phuket Patong Tower, the price will tell you that. There is also the important factor of the view. A villa with unique sea view could cost you double than that same villa with a simple mountain view. Do not underestimate the desperation of the seller. It is not nice to say but you can do the best deals with a very desperate owner who urgently need hard cash and will sell the property much cheaper than in a situation

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