Phuket Luxury Real Estate: £750 Million Pipeline Unveiled

Known for its stunning natural beauty, year-round warm climate, safe environment, and exceptional infrastructure, Phuket offers an unparalleled lifestyle combination of affordability, stability, and world-class amenities.

For Brits considering a second home or even relocating abroad, Thailand is quickly emerging as a top choice. Known as the "Land of Smiles," Thailand blends breath-taking landscapes, world-renowned hospitality, and a vibrant cultural heritage with some of the world’s most delicious cuisine. From its friendly people to its rich traditions, Thailand offers an enriching and relaxing lifestyle.

Among the country’s many picturesque destinations, Phuket, Thailand’s largest island, is becoming an increasingly attractive option for UK buyers. With its affordable cost of living, high quality of life, and thriving expat community, it’s little wonder Phuket is capturing the attention of British retirees, professionals, and families.

A thriving real estate market in Phuket

Phuket’s real estate market reflects its growing international appeal, with foreign buyers accounting for over 60% of condo sales. UK buyers are now among the top 10 nationalities purchasing property in Phuket, with the average investment reaching £500,000 per unit.

Compared to UK property prices, Phuket offers remarkable value for money. For instance, US$1 million (£750,000) can secure a brand new luxurious 213 sqm home in a prime location in Phuket, compared to just 33 sqm in London. Property options range from beachfront villas and stylish modern condos to spacious family homes, providing something for every taste and budget. Property values have historically risen an average of 5-10% per year.

Laguna Phuket: Asia’s premier integrated resort

The jewel in Phuket’s real estate crown is Laguna Phuket, a pioneering integrated resort developed by the Banyan Group, one of Asia’s leading hospitality and lifestyle real estate developers.

Situated on 1,000 acres of lush parkland along a stunning 3km stretch of the island’s sought-after Bang Tao Beach on the central west coast, Laguna Phuket offers an enviable blend of luxury and convenience. It features seven world-class hotels, an award-winning 18-hole golf course, luxury spas, exceptional dining experiences, and countless recreational activities – which even extend to its own state-of-the-art new Rava Beach Club which is among the biggest on the island.

This thriving international community is home to over 3,000 branded residences, with plans to add 5,000 new units over the next several years, including the eco-friendly Laguna Lakelands, which is set amidst tropical forests and lakes.

Residents benefit from an inclusive, multicultural environment, with people from over 70 nationalities calling Laguna Phuket home. Families with children are particularly drawn to the availability of British-curriculum international schools, such as the British International School Phuket, which offers world-class education in a familiar system.

Stuart Reading, Managing Director of Banyan Group Residences, highlights why Laguna Phuket is such a unique destination: "Laguna Phuket has grown into a vibrant resort and residential community that combines luxury living with a safe, stable, and world-class environment. It’s a place where families, retirees, and professionals from all over the world can truly thrive. With its award-winning facilities and an unparalleled lifestyle, Laguna Phuket offers something for everyone."

Why UK real estate buyers love Phuket

Phuket offers a unique blend of tropical paradise and modern convenience, making it an increasingly popular choice for UK buyers. Accessibility is a key factor, with convenient flights from major UK airports with easy connections via Bangkok, or other Asian or Middle Eastern hubs providing seamless connections to Phuket.

The island’s stable climate, with sunny skies year-round, is another major draw, allowing residents to replace cold, grey winters with warmth and sunshine. The cost of living is also significantly lower than in the UK, with transport, housing, dining, and healthcare all available at a fraction of UK prices. Safety is another important consideration, and Laguna Phuket is renowned for its secure and welcoming environment, offering residents peace of mind and a strong sense of community.

For retirees, families, and professionals, living in Phuket means enjoying a high quality of life in a setting that feels like a permanent holiday.

Visa accessibility for UK nationals

One of Thailand’s key attractions for residency is its visa-friendly environment. Phuket is highly accessible when it comes to residency and long-term stay options. Thailand offers a variety of visa schemes tailored to international residents, including retirees, remote workers, and property investors. For retirees over 50, the Retirement Visa allows stays of up to 10 years, while the Long-Term Resident Visa provides flexible options for professionals and families. The Thailand Privilege Visa (formerly known as the Elite Visa) provides extended residency for up to 20 years, offering further peace of mind for those seeking a long-term base in the country. These accessible and flexible visa options make relocating to Phuket a seamless experience for UK buyers.

Banyan Group: Asia’s leader in branded residences

The Banyan Group, renowned for its pioneering wellness and sustainability-focused Banyan Tree Hotels & Resorts, has been a leader in luxury hospitality for over 30 years. In recent years the group has also seen a boom in the residential real estate side of its business. Ranked #1 in Asia and #5 globally for branded residences and regularly the most awarded developer in Asia in the International Property Awards, Banyan Group Residences provides buyers with unique opportunities to own homes that combine luxury living with sustainability.

Banyan Group’s innovative model allows buyers to purchase a residence for their personal use part of the year while participating in a rental program managed by Banyan Group’s 5-star hospitality team. This flexible approach appeals to many UK buyers seeking holiday homes that can also generate passive income.

Property options range from compact studios to ultra-luxurious beachfront penthouses with private pools. Currently available projects include Laguna Lakelands, a pioneering eco-friendly community surrounded by lush forests and lakes; Angsana Oceanview Residences, offering 2-3 bedroom freehold condominiums with private pools and stunning sea views; and Banyan Tree Beach Residences, featuring 3-5 bedroom luxury condominiums and villas all with private pools. More affordable options include spacious 1,2 and 3 bedroom freehold condominiums at Laguna Bayside and Golfside Residences which feature stunning penthouses and expansive communal pools, and the attractive Laguna Lakeside Aster Residences adjacent to nearby retail and dining precincts.

Banyan Group also regards the sale as the beginning rather than the end of a relationship and provides unrivalled after-sales service including multi-lingual 24/7 concierge and support services, and a full range of property management and hospitality services including rentals via Banyan Living.

A smart investment for UK buyers

Phuket’s growing global popularity and robust infrastructure make it a smart investment for UK buyers. Whether as a primary residence, a second home, or a rental property, Phuket offers exceptional value and a lifestyle unmatched anywhere else in the world.

With Banyan Group’s expertise and a seamless buying process that includes developer financing and professional property management services, owning a home in Phuket has never been easier.

The island’s emphasis on safety, its strong expat community, and world-class amenities make it an ideal choice for long-term living. Whether as a primary residence or a second home, Phuket offers a unique chance to enjoy a high quality of life in an affordable yet idyllic tropical setting