Yes. Foreigners can legally buy property in Phuket. You can own units in a registered Condominium (Foreign Freehold or Leasehold), and you can buy a House, Villa or Apartment (Leasehold). Under Thai law foreign nationals are not allowed to own land in Phuket.
What is Foreign Freehold Ownership?
With regards to buying property in Phuket, Foreign Freehold ownership applies only to the purchase of Condominium unit(s) and means that as a foreigner you own the unit outright.
What is Leasehold Ownership?
Leasehold ownership applies to any non-foreign freehold units in a condominium, or an apartment, house or villa – you by the property on a lease basis which is 30 years.
How about the rest of Thailand – Can foreigners buy property in Thailand?
The rules for buying property in Phuket are the same for the rest of Thailand. You can see more detailed info on all aspects of Buying Property In Thailand guide.
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More Buying Property FAQ
Can a foreigner buy house in Phuket, Thailand?
Yes, as a foreigner you can legally buy a house or villa in Thailand under leasehold ownership, leases last for 30 years and after this time there may be an option to renew.
What is the average cost of a house in Phuket, Thailand?
The average cost of a buying a house in Thailand varies on the location and type of house, in Phuket for example a new 3 bedroom home with private pool will start at US$300k.
Can a foreigner buy a condo in Phuket, Thailand?
Condos are more straightforward for foreigners to buy in Thailand, you can purchase a condo outright under foreign freehold ownership and legally you will fully own it.
How much does a condo in Phuket, Thailand cost?
Again the price for a condo in Thailand will vary a lot, but in Phuket which is one of the most expensive areas a nice new 40sqm studio condo will start around US$90k.