Compare property in Phuket vs popular regions in Thailand

 

Table of Content

1. Phuket Property
2. Thailand Top Regions to Buy Property
3. Bangkok Property
4. Pattaya Property
5. Chiang Mai Property
6. Thailand Properties Rental Yields in 2023
7. Bangkok Properties Rental Yield
8. Pattaya Property Rental Yields 
9. Phuket Property Rental Yield

Location	Average Rental Yield	Recommended Areas	Rental Yield Examples
Bangkok	4.45%	Sukhumvit and Sathon	Asoke: 4.50% (1 bedroom condo) Phrom Phong: 4.59% (1 bedroom condo) Nana: 5.24% (1 bedroom condo)
Bangkok		Silom and Sala Daeng	Chong Nonsi / Sathon: 4.55% Sala Daeng / Silom: 4.43%
Pattaya	4.26%	Pratumnak Hill and Jomtien	Pratumnak Hill: Studio condo: 6.55% 1-bedroom condo: 6.23% 2-bedroom condo: 5.21% 3-bedroom condo: 4.00% Jomtien: Studio condo: 7.57% 1-bedroom condo: 6.82% 2-bedroom condo: 4.80% 3-bedroom condo: 3.60%
Phuket	3.07% - 11.71%	Rawai and Karon	Rawai: 1-bedroom condo: 6.44% 2-bedroom condo: 6.54% 3-bedroom condo: 8.79% 4+ bedroom condo: 7.58% Karon: 1-bedroom condo: 5.25% 2-bedroom condo: 10.90% 4+ bedroom condo: 11.71%

Thailand is and continues to be popular destination for property investment, tourism and more. With a growing economy and a stable political environment. The country offers a wide range of property options from luxurious villas on the beach to more affordable condos in the city tall skyscrapers making it a great option for both local and international buyers. This article will compare buying property in Phuket one of the most popular destinations in Thailand, with other popular regions in the country.

Phuket Property

Phuket, a tropical paradise and popular destination for property investment in Thailand, offers a diverse range of properties, from luxurious beachfront villas to more budget-friendly condos. The real estate market in Phuket has seen steady growth in recent years, with high demand for both short-term vacation rentals and long-term rentals. Investing in Phuket property offers the potential for high returns due to the high rental demand. The Phuket property market is considered lucrative and investors can expect a healthy return on their investments. Popular areas for property investment in Phuket include Patong, Kamala, Surin, and Cape Yamu. Our 2023 guide on Phuket's top neighborhoods can provide more information. These areas boast beautiful beaches, luxury resorts, and high-end properties. Properties in these areas also tend to appreciate in value over time, making them a great option for long-term investment.

Thailand Top Regions to Buy Property

Thailand a popular destination for property investment with range of regions offering unique advantages for homebuyers. Bangkok, Pattaya and Chiang Mai are three of the top regions to consider when looking to purchase property in the country.

When considering purchasing property in Thailand, it's important to compare the advantages of each region. While Phuket may be known for its luxurious resorts and high-end properties, Bangkok, Pattaya, and Chiang Mai offer their own unique benefits for buyers. Whether it's rental potential or capital appreciation, buyers should weigh the pros and cons of each region before making a decision. Down below we provide overview of pros and cons for popular regions with Phuket properties. 

Bangkok Property

Bangkok is the capital and largest city of Thailand, and it's also a popular destination for property investment. The city offers a wide range of properties, from luxury high-rise condominiums to more affordable condos. One of the advantages of buying property in Bangkok is the high rental demand, as the city is a major business hub and tourist destination. Second advantage is the potential for capital appreciation, as the city's property market has been steadily growing in recent years. Some of the recommended to buy properties Bangkok are condos in Sukhumvit and Sathorn area.

Best neighborhoods to buy a condo in Bangkok, especially nearby BTS and MRT stations. Check FazWaz Bangkok condo buying guide. 

Pattaya Property

Pattaya is a coastal city located on the Gulf of Thailand and is a hotspot destination for real estate investment. The beach town offers wide range of properties for sale from beachfront condominiums to more affordable 2 bedroom condos with a view of the sea. One of the advantages of buying property in Pattaya is the high rental demand as the city is a major tourist destination. Some of the recommended property to buy in Pattaya are Condos in Jomtien and Wongamat areas.

Homebuyers searching for luxurious condo to buy in Pattaya. Click on the link to find recommended top 5 Pattaya luxurious condos in 2023. 

Chiang Mai Property

Chiang Mai, nestle in the picturesque mountains of northern Thailand, is a sought-after location for real estate investments. The soulful city boasts a diverse array of properties, ranging from opulent hilltop villas to more budget-friendly condos in the heart of the city center. One of the key appeals of investing in Chiang Mai real estate is the relatively low cost of living, as the city have yet to experience the same level of development as other major Thai cities. Additionally, the city's property market has been on an upward trajectory in recent years, providing investors with the potential for high rental returns. If you're considering investing in Chiang Mai, townhouses, condos and single houses in the city center such as Su Condo are some options worth looking into.

Click here to find out how to buy and choose your dream home in Chiang Mai.

Thailand Properties Rental Yields in 2023

Before diving into the specifics of each popular regions in Thailand. Let's take a quick look at the rental yields percentage with the highest returns. According to recent data, rental yields in Thailand range from 1.89% to 11.71%, depending on the location. While Bangkok offers an average rental yield of 4.45%, other locations such as Phuket and Chiang Mai can yield as high as 11.71% and 6.29%, respectively.

Bangkok Properties Rental Yield

Bangkok is a popular destination for property investment. With a wide range of properties available, from luxury high-rise condominiums to more affordable condos, there is something for everyone in Bangkok. The city's property market is seeing a steady growth during post-pandemic era. Providing real estate investors with high potential for rental returns.

Average rental yield in Bangkok is 4.45%, making it a great option for investors seeking stable, long-term returns. Some of the recommended areas for rental properties in Bangkok include Sukhumvit and Sathon. 

Properties in Sukhumvit with high rental yields are in district such as Asoke, Phrom Phong and Nana areas. The annual rental yield of 1 bedroom condo condo in each three districts are: 

• Nana: 5.24%
• Phrom Phong: 4.59%
• Asoke: 4.50%

On the other hand popular districts in Sathon-Silom are Sala Daeng and Chong Nonsi. The annual rental yield in Sala Daeng and Chong Nonsi are: 

• Sathon / Chong Nonsi: 4.55%
• Silom / Sala Daeng: 4.43%

Pattaya Property Rental Yields 

Pattaya is a popular coastal city and a hotspot for real estate investment. The city offers a wide range of properties, from beachfront condominiums to more budget-friendly condos. One of the advantages of investing in rental properties in Pattaya is the high rental demand, as the city is a major tourist destination.

Rental yields in Pattaya range between 2.77% to 7.57%, with an average of 4.26%. For example, in Pratumnak Hill, rental yield for a studio condo is 6.55%, for a 1-bedroom condo is 6.23%, for a 2-bedroom condo is 5.21% and for a 3-bedroom condo is 4.00%. 

In Jomtien, rental yield for a studio condo is 7.57%, for a 1-bedroom condo is 6.82%, for a 2-bedroom condo is 4.80%, and for a 3-bedroom condo is 3.60% .

Phuket Property Rental Yield 

Phuket offer you homebuyers an diverse range of investment rental properties, from luxurious beachfront villas to more budget-friendly condos. Phuket real estate market provide both short-term and long-term annual rental yields.

Phuket rental yields are between 3.07% to 11.71%. For example, in Rawai, the rental yield for a 1-bedroom condo is 6.44%, for a 2-bedroom condo is 6.54%, for a 3-bedroom condo is 8.79%, and for a 4+ bedroom condo is 7.58%. In Karon, the rental yield for a 1-bedroom condo is 5.25%, for a 2-bedroom condo is 10.90%, and for a 4+ bedroom condo is 11.71%.

In conclusion Thailand offers a wide range of regions for property investment each with its own unique advantages. Bangkok, Pattaya, and Chiang Mai are three of the most popular destinations for property investment in Thailand. Potential buyers should consider the advantages of each region and compare them to the Phuket property market in order to make an informed decision.

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