Thailand Property Prices 2026: Phuket and Koh Samui
Phuket condo prices climbed 8-12% annually between 2023 and 2025. The question every investor asks: will Thailand property prices keep rising through 2026?
Why are Phuket property prices still climbing?
Buildable land on the west coast is nearly exhausted. CBRE Thailand data shows average new premium condo prices exceeded 180,000 THB per sqm in the Bangtao-Laguna corridor in 2025.
Key drivers:
- Russian and Chinese demand - over 50% of foreign buyers on Phuket
- Record tourism - the island welcomed over 10 million visitors in 2024
- Infrastructure upgrades - airport expansion and new expressways
Koh Samui - cheaper entry, higher upside
Koh Samui remains 30-40% cheaper than Phuket for comparable beachfront product. The luxury villa segment on the north shore is accelerating fast. Planned new airline routes and airport upgrades could push prices up 5-8% in 2026.
Recommendation: Phuket delivers stability and liquidity. Koh Samui offers higher yields at greater risk. Before committing capital, confirm the land title type (Chanote only) and building permit status.
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